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1218 Arapahoe St

Los Angeles (City), CA 90006
  • $4,997,000
  • STATUS: Active
  • ON SITE: 24 Days
  • ID#: DW25031104
UPDATED: 23 min ago
$4,997,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2022
County:

School Ratings & Info

Listing Agent(s): Yossmira Hernandez of First Family Homes (562-862-7373)


Description

1214, 1214 1/2, 1216, 1216 1/2 & 1218 Arapahoe St, Los Angeles CA 90006Option For Sale or LeasePresenting a Clean Modern look 2022 NEW CONSTRUCTION 5 Unit Property.Dont miss out on this Huge Discount. Priced to go.Similar Project Appraised at $5,870,000. Similar project located just 1 Street away, same builder, same Bedroom & Bathroom count, with approx. 1,553 sqft less than 1218 Arapahoe St.Sales prices gives the Buyer a great opportunity to a good amount of equity.This project is located in a hot rental area. Location, location, location! Property has little to no maintenance; super convenient for the owner. A perfect co living investment property that when leased would bring in a Pro forma Cap rate of 7.433%.Propertys breakdown is the following: 1(FRONT, SFR) Unit is 7 BED, 6 BATH.(MIDDLE Duplex-mirrored units) is 7 BED, 7 BATH X2(REAR Duplex-mirrored units) is 5 BED, 5 BATH X2Total of 31 Bedrooms and 30 BathsAll units are Quad-Level & separately metered for each utility service. This property is rare to find, making it a hot commodity!Buyer(s) to independently verify all information on this listing. Listing agent is not liable for any information that turns out incorrect. The accuracy of all information, regardless of source, including but not limited to square footages, lot sizes, income, and expenses, is deemed reliable but not guaranteed.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-15T23:27:21.48. 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 deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/160625187
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1218 Arapahoe St Los Angeles (City), CA 90006

  • Price: $4,997,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 23 min ago
  • ID#: DW25031104
0
Beds
0
Baths
0
½ Baths
0.17
Acres
2022
Built
Neighborhood:
KREA - Koreatown
County:
Los Angeles
Area:
KREA - Koreatown
Property Description
1214, 1214 1/2, 1216, 1216 1/2 & 1218 Arapahoe St, Los Angeles CA 90006Option For Sale or LeasePresenting a Clean Modern look 2022 NEW CONSTRUCTION 5 Unit Property.Dont miss out on this Huge Discount. Priced to go.Similar Project Appraised at $5,870,000. Similar project located just 1 Street away, same builder, same Bedroom & Bathroom count, with approx. 1,553 sqft less than 1218 Arapahoe St.Sales prices gives the Buyer a great opportunity to a good amount of equity.This project is located in a hot rental area. Location, location, location! Property has little to no maintenance; super convenient for the owner. A perfect co living investment property that when leased would bring in a Pro forma Cap rate of 7.433%.Propertys breakdown is the following: 1(FRONT, SFR) Unit is 7 BED, 6 BATH.(MIDDLE Duplex-mirrored units) is 7 BED, 7 BATH X2(REAR Duplex-mirrored units) is 5 BED, 5 BATH X2Total of 31 Bedrooms and 30 BathsAll units are Quad-Level & separately metered for each utility service. This property is rare to find, making it a hot commodity!Buyer(s) to independently verify all information on this listing. Listing agent is not liable for any information that turns out incorrect. The accuracy of all information, regardless of source, including but not limited to square footages, lot sizes, income, and expenses, is deemed reliable but not guaranteed.
Exterior Features

Architectural Style Modern Entry Level 1 Entry Location 1 Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 5 Open Parking Spaces 6 Parking Features Driveway LevelGarageGarage Faces RearOn Street Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes View City LightsHillsNeighborhood View YN Yes

Interior Features

Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingCurbsStreet LightsSidewalksUrban Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 446400 Gross Scheduled Income 446400 Insurance Expense 10000 Land Lease Amount 40300 Land Lease Amount Frequency Monthly Land Lease YN No Laundry Features Washer HookupElectric Dryer HookupGas Dryer Hookup Lease Term 12 Months Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to Existing LoanCash to New LoanConventional1031 Exchange Net Operating Income 421400 New Construction YN Yes Number Of Separate Gas Meters 5 Number Of Separate Water Meters 5 Number Of Units Leased 0 Operating Expense 25000 Property Condition Under Construction Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All UtilitiesInsurance Trash Expense 0 Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-15T23:27:21.48. 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 deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Keller Williams
5110 W. Cypress Ave.
Visalia CA, 93277
Listing Agent(s): Yossmira Hernandez of First Family Homes (562-862-7373)