1408 Arapahoe Street

Los Angeles, CA 90006

$845,000
Last Sold Price
10
Beds
6
Baths
3,404 Sq. Ft.
$248 / Sq. Ft.
3,404
Sq. Ft.
$248
per Sq. Ft.

Description

Great investment Opportunity (10 Bed, 6 Bath, 3 Kitchen & 3 Kitchenette ALL LEGAL!) nestled in a very quiet neighborhood and 5 Minutes from 10 &110 FWY. Front building has 1 kitchen and 3 kitchenettes (It's called Light House Keeping Unit) with 2 brand new bathrooms built. Back unit has a fully renovated studio downstairs and 4 bedrooms & 1 bath upstairs with 2 deep car garages. Front building has 6 units (single room) with 1 kitchen and 3 kitchenettes. And back building has 2 deep car garages, studio...Great investment Opportunity (10 Bed, 6 Bath, 3 Kitchen & 3 Kitchenette ALL LEGAL!) nestled in a very quiet neighborhood and 5 Minutes from 10 &110 FWY. Front building has 1 kitchen and 3 kitchenettes (It's called Light House Keeping Unit) with 2 brand new bathrooms built. Back unit has a fully renovated studio downstairs and 4 bedrooms & 1 bath upstairs with 2 deep car garages. Front building has 6 units (single room) with 1 kitchen and 3 kitchenettes. And back building has 2 deep car garages, studio right next to it (Fully renovated) and upstairs are 4 bedrooms and 1 bath. Subject property is located between Downtown Los Angeles, Koreatown, USC, and Echo Park. The end tenant will have access to all the amenities Los Angeles has to offer while paying a premium for such desirabilities. The area alone has gone through a genesis in revitalization with 3 recent development projects going on this street alone and permits approved for a 125 unit hotel complex on Arapahoe/Pico Blvd.
  1. Listed by John C. Pak • DRE #01898649 • Brokerage DRE #01417948 • JP Investment Real Estate Group

Property Details for 1408 Arapahoe Street

Zoning
LARD1.5
Parcel Number
5056008009
Total Units
3.0
Living Area
3404
Source Living Area
Assessor
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
6100

Location

Listing Courtesy of JP Investment Real Estate Group, John C. Pak, DRE #01898649

Sold By Paramount Realty, Young I Kim, DRE #01302327

Add your commute
LISTING UPDATED: 01/27/2020 09:57 AM

Property Details for 1408 Arapahoe Street

StatusSold
MLS #19-489522
Days on Market139
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1907
Lot Size0.14 AC / 6,100 SF
CountyLos Angeles County

Location

Listing Courtesy of JP Investment Real Estate Group, John C. Pak, DRE #01898649

Sold By Paramount Realty, Young I Kim, DRE #01302327

Add your commute

Building Information for 1408 Arapahoe Street

Stories-Residences-Year Built1907Building Size-Lot Size0.14 AC / 6,100 SF

Payment Calculator

$5,572 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,612

Property Taxes

$960

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1408 Arapahoe Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 3
Contract Info
Contract Info
  • Disclosures: Seller/Owner/Principal RE Licensed
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 6100
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 6
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 07-16-2019
Unit Details
Unit 1 Information
  • Unit Beds: 10
  • Unit Baths: 6
  • Unit Furnished: No
  • Unit Rent: $2,773.00
  • Unit Actual Rent: $2,773.00
  • Unit Projected Rent: $7,500.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $100,892.00
  • Assessed Land Value: $265,259.00

Property History for 1408 Arapahoe Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1408 Arapahoe Street

Taxable ValueLand$678,009Additions$210,695Total$888,704
Tax Record2023$11,521 ($960 / month)
Home Facts
Total Finished SqFt3,404 SqFtAbove Grade Finished SqFt3,404 SqFtLot Size5,505 SqFtStyleTriplexYear Built1907ZoningLARD1.5CountyLOS ANGELESAPN5056-008-009

Schools near 1408 Arapahoe Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Magnolia Avenue Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

Equitas Academy Charter School
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of JP Investment Real Estate Group, John C. Pak, DRE #01898649

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.