1522 Arapahoe Street

Los Angeles, CA 90006

$3,835,000
Price
17
Beds
15
Baths
8,535 Sq. Ft.
$449 / Sq. Ft.
8,535
Sq. Ft.
$449
per Sq. Ft.

Description

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...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 !
  1. Listed by J. Geo Kim • DRE #01855390 • Brokerage DRE #01855390 • GAIA
  2. Listed by A. Jessica Shin • DRE #02073348 • Brokerage DRE #01855390 • GAIA

Property Details for 1522 Arapahoe Street

Zoning
LARD1.5
Parcel Number
5056009008
Total Units
4.0
Living Area
8535
Source Living Area
Builder
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
6911

Location

Listing Courtesy of GAIA, J. Geo Kim, DRE #01855390; GAIA, A. Jessica Shin, DRE #02073348
Add your commute
LISTING UPDATED: 03/10/2024 12:01 AM

Property Details for 1522 Arapahoe Street

StatusActive
MLS #24-364449
Days on Market56
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2019
Lot Size0.16 AC / 6,911 SF
CountyLos Angeles County

Location

Listing Courtesy of GAIA, J. Geo Kim, DRE #01855390; GAIA, A. Jessica Shin, DRE #02073348
Add your commute

Building Information for 1522 Arapahoe Street

Stories3Residences-Year Built2019Building Size-Lot Size0.16 AC / 6,911 SF

Payment Calculator

$24,257 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,929

Property Taxes

$3,328

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1522 Arapahoe Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 2
  • Type Of Units: Fourplex
  • Security Features: Automatic Gate
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $250,781
  • Net Operating Income: $201,304.00
  • Gross Income: $250,781
  • Cap Rate: 5.25%
  • Gross Rent Multiplier: $15.50
  • Total Annual Expense: 57000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1587
  • Lot Size Square Feet: 6911
  • Lot Size Dimensions: 54x128
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 6
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Alarm System, Dishwasher, Garbage Disposal, Built-Ins
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-03-2024
Unit Details
Unit 1 Information
  • Unit Beds: 17
  • Unit Baths: 15
  • Unit Furnished: Yes
  • Unit Rent: $20,898.00
  • Unit Actual Rent: $250,781.00
  • Unit Projected Rent: $250,781.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,051,178.00
  • Assessed Improvement Percent: 32.26
  • Assessed Land Value: $2,207,474.00
  • Assessed Land Percent: 67.74
  • Assessed Total Value: $3,258,652.00

Property History for 1522 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 1522 Arapahoe Street

Taxable ValueLand$2,207,474Additions$1,051,178Total$3,258,652
Tax Record2023$39,931 ($3,328 / month)
Home Facts
Total Finished SqFt8,134 SqFtAbove Grade Finished SqFt8,134 SqFtStories2Lot Size6,909 SqFtStyleQuadraplexYear Built2019ZoningLARD1.5CountyLOS ANGELESAPN5056-009-008

Schools near 1522 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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1522 Arapahoe Street is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on March 2, 2024 by GAIA, it's currently listed at $3,835,000. It has been on the market for a total of 56 days and was last sold on August 16, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Magnolia Avenue Elementary School, Berendo Middle School and West Adams Preparatory High School. 1522 Arapahoe Street is a 17-bed, 15-bath, 8,535 sqft multi-family home built in 2019.

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 GAIA, J. Geo Kim, DRE #01855390; GAIA, A. Jessica Shin, DRE #02073348

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.