1522 Arapahoe Street, Los Angeles, CA 90006
- $2,390,000
- 17
- BD
- 15
- BA
- 7,765
- SqFt
- List Price
- $2,390,000
- Status
- ACTIVE
- MLS#
- 26992575
- Year Built
- 2019
- Bedrooms
- 17
- Bathrooms
- 15
- Living Sq. Ft
- 7,765
- Lot Size
- 6,909
- Acres
- 0.16
- Days on Market
- 0
- Property Type
- Multifamily
- Stories
- Multi Level
Property Description
Built in 2019, this well-maintained 4-unit property will be delivered 100% VACANT, allowing the new owner to immediately establish market rents and select their own tenants. The property features an attractive unit mix of (1) 5-Bed/4-Bath, (1) 4-Bed/3-Bath, and (2) 4-Bed/4.5-Bath units, offering spacious layouts and modern construction with minimal maintenance. Projected rents total $21,500 per month / $258,000 annually. Offered at $2,390,000, the projected rent reflects a 9.26 GRM and a 7.02% pro forma cap rate, with the lowest price per SF at $308. An excellent replacement property opportunity for 1031 exchange buyers, investors seeking a newer multifamily asset, or owner-users looking to occupy a unit while generating rental income in one of Los Angeles' most established and desirable neighborhoods.
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Additional Information
- Appliances
- Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Attached Structure
- Detached
- Number Of Units Total
- 4
Listing courtesy of Listing Agent: H. Jason Yang (jason@gaia-us.com) from Listing Office: GAIA.
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