Los Angeles, CA 90006 1218 Arapahoe St

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Presented By: Yossmira Hernandez with First Family Homes; 562-417-2653
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# DW25031104
  • 02/13/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 31
  • Baths • 19
  • SQFT • 10,314
  • Garage • 4

Home Details

1214, 1214 1/2, 1216, 1216 1/2 & 1218 Arapahoe St, Los Angeles CA 90006 Option For Sale or Lease Presenting a Clean Modern look 2022 NEW CONSTRUCTION 5 Unit Property. Don’t 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%. Property’s 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 X2 Total of 31 Bedrooms and 30 Baths All 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.
Presented By: Yossmira Hernandez with First Family Homes; 562-417-2653

Interior Features for 1218 Arapahoe St

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesWasherHookup, ElectricDryerHookup, GasDryerHookup
Total Stories4

Other Rooms

Entry Level1

General for 1218 Arapahoe St

Additional Parcels Y/NNo
Architectural StyleModern
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesBiking, Curbs, StreetLights, Sidewalks, Urban
CoolingCentralAir
CountyLos Angeles
Directionsmajor cross streets are W PICO BLVD & S HOOVER ST
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Expected Active Date 2025-02-18
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income446400.0
HOANo
HOA Fee$0.0
HeatingCentral
Home Warranty Y/NNo
Insurance Expense10000.0
Land Lease Amount40300.0
Land Lease Amount FrequencyMonthly
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Listing TermsCash, CashToExistingLoan, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet7250.0
Lot Size UnitsSquareFeet
MLS AreaKREA - Koreatown
MobileHomeRemainsYNNo
Net Operating Income421400.0
New ConstructionYes
Number Of Units Total5
Number of Units Leased0
Ok to LeaseTwelveMonths
Open Parking Spaces6.0
Operating Expense25000.0
Pool FeaturesNone
Property Attached Y/NYes
Property ConditionUnderConstruction
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot130
Tenant PaysAllUtilities, Insurance
Trash Expense0.0
ViewCityLights, Hills, Neighborhood
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built2022
Year Built SourceBuilder

Exterior for 1218 Arapahoe St

Building Area Total10314.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.1664
Lot Size Area7250.0
Lot Size SourcePublicRecords
Number of Buildings3
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters5
Open Parking Y/NNo
Parking FeaturesDrivewayLevel, Garage, GarageFacesRear, OnStreet
Private PoolNo
SpaNo
Total Parking10.0
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $4,997,000
MLS#DW25031104
List Date 02/13/2025
Property Type Multi-Family
Phone 714.742.6515
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Request Info
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