1522 Arapahoe Street Los Angeles, CA ^$ 3,835,000

1522 Arapahoe Street

^$ 3,835,000

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1522 Arapahoe Street

Los Angeles, CA, 90006

^$ 3,835,000

Bedrooms17 Baths15.0 Sq 8,535

Monthly Estimate*

^$ 26,789

Listed by GAIA

1522 Arapahoe Street, Los Angeles, CA 90006 - Image 1

1522 Arapahoe Street, Los Angeles, CA 90006 - Image 2

1522 Arapahoe Street, Los Angeles, CA 90006 - Image 3

1522 Arapahoe Street, Los Angeles, CA 90006 - Image 4

Multi-Family Home for sale in Los Angeles, CA

for $3,835,000 with 17 bedrooms and 15 full baths. This 8,535 square foot home was built in 2019 on a lot size of 0.1587.

Four (4) Amazing Tri-Level Units for a lucrative cash flow opportunity !!! TRUE CAP rate of 5.25% , current annual income $250,781 'till 7/31/2024 with an annual increase of 3% thereafter. Fixed & Guaranteed income generating property Master Leased & Managed by a reputable student housing operator with proven track records. Total of 17 bedrooms & 15 bathrooms - Unit 1520 : 5 BR + 4 BA , Unit 1520 1/2 : 4 BR + 3 BA , Unit 1522 : 4 BR + 4.5 BA , Unit 1522 1/2 : 4 BR + 3.5 BA. All units are designed with open concept floor plan, impeccably done with contemporary / exquisite design that will appeal to anyone for happier living experiences. Conveniently located to DTLA, Ktown, USC, and Fwys. Almost hassle free maintenance required by a new owner !!!

Multi-Family Active

Price

^$ 3,835,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1587

Year Built

2019

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24364449

Days on Market

Features

General

Heating Central

Cooling CentralAir

Possession CloseOfEscrow

Appliances Dishwasher Disposal

Zoning LARD1.5

Security Features SecurityGate

Year Built 2019

Levels MultiSplit

Gross Income 250781.0

County Los Angeles

Net Operating Income 201304.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Between Venice Blvd and Pico Blvd / Hoover St and Vermont Ave

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 4

MLS Area C16 - Mid Los Angeles

Lot Size Square Feet 6911.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Arapahoe

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 8

Standard Status Active

Occupancy Description Tenant

Cap Rate 5.25

Exterior

Parking Features None

Total Parking 6.0

Lot Size Area 6911.0

Number of Buildings 2

Spa N

Building Area Total 8535.0

Lot Dimensions 54x128

Lot Size Acres 0.1587

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 3

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Street

Total Bedrooms 17

Electric On Property Y/N N

Total Baths 15

Internal Only

Street Number 1 1522

* Excluded Features

List By

Gaia

Broker

(310) 779-8213

Phone

Affordability Calculator

$26,789

Per Month

Monthly Principal & Interest: $26,789
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,999,871

Percent of Sale Price 48%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/4/2024	$3,835,000		Listed Price

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1522 Arapahoe Street, Los Angeles, CA, 90006 is a Multi-Family Home for sale at $3,835,000 with 8,535 sqft and a lot size of 0.1587. 1522 Arapahoe Street has 17 bedrooms, 15.0 baths, and was built in 2019. The property's zip code is 90006 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1522 Arapahoe Street

Multi-Family Home for sale in Los Angeles, CA

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