1523 Arapahoe Street

Los Angeles, CA 90006

$899,000
Price
5
Beds
3
Baths
2,130 Sq. Ft.
$422 / Sq. Ft.
2,130
Sq. Ft.
$422
per Sq. Ft.

Description

This triplex is an outstanding investment opportunity in Los Angeles's heart. With its prime location, this property not only provides a comfortable living space but also promises lucrative rental returns in a highly desirable neighborhood. Comprising three units, each with varying layouts including 2 bed/2 baths and 1 bed/1 bath configurations, this triplex offers versatility for both investors and owner-occupants alike. Additionally, each unit boasts a private yard and two garages. With a design...This triplex is an outstanding investment opportunity in Los Angeles's heart. With its prime location, this property not only provides a comfortable living space but also promises lucrative rental returns in a highly desirable neighborhood. Comprising three units, each with varying layouts including 2 bed/2 baths and 1 bed/1 bath configurations, this triplex offers versatility for both investors and owner-occupants alike. Additionally, each unit boasts a private yard and two garages. With a design focused on tenant comfort and functionality, capitalize on the robust rental market in this area. This triplex stands as a compelling investment opportunity, offering the potential for consistent rental income in an unbeatable location. All with individual meters. Tenants pay all the utilities except, water, and gardening.
  1. Listed by Kay Kyung Park • DRE #01268123 • Brokerage DRE #01350852 • Dream Realty & Investments Inc

Property Details for 1523 Arapahoe Street

Zoning
LARD1.5
Parcel Number
5056007038
Total Units
3.0
Living Area
2130
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
0
Lot Size Area
6146

Location

Listing Courtesy of Dream Realty & Investments Inc, Kay Kyung Park, DRE #01268123
Add your commute
LISTING UPDATED: 04/10/2024 03:12 PM

Property Details for 1523 Arapahoe Street

StatusActive
MLS #24-370567
Days on Market39
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.14 AC / 6,146 SF
CountyLos Angeles County

Location

Listing Courtesy of Dream Realty & Investments Inc, Kay Kyung Park, DRE #01268123
Add your commute

Building Information for 1523 Arapahoe Street

Stories1Residences-Year Built1950Building Size-Lot Size0.14 AC / 6,146 SF

Payment Calculator

$5,841 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,906

Property Taxes

$935

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1523 Arapahoe Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Triplex
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • 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 Acreage: 0.1411
  • Lot Size Square Feet: 6146
Parking Details
Parking Details
  • Parking Garage: Assigned, Garage
  • Total Parking: 3
  • Parking Features: Assigned, Garage
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Garbage Disposal
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-20-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,050.00
  • Unit Actual Rent: $1,050.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,250.00
  • Unit Actual Rent: $1,250.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $163,200.00
  • Assessed Improvement Percent: 19.63
  • Assessed Land Value: $668,100.00
  • Assessed Land Percent: 80.37
  • Assessed Total Value: $831,300.00

Property History for 1523 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 1523 Arapahoe Street

Taxable ValueLand$668,100Additions$163,410Total$831,510
Tax Record2023$11,215 ($935 / month)
Home Facts
Total Finished SqFt2,130 SqFtAbove Grade Finished SqFt2,130 SqFtLot Size6,144 SqFtStyleTriplexYear Built1950ZoningLARD1.5CountyLOS ANGELESAPN5056-007-038

Schools near 1523 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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1523 Arapahoe Street is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on March 20, 2024 by Dream Realty & Investments Inc, it's currently listed at $899,000. It has been on the market for a total of 39 days and was last sold on March 29, 2022. 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. 1523 Arapahoe Street is a 5-bed, 3-bath, 2,130 sqft multi-family home built in 1950.

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 Dream Realty & Investments Inc, Kay Kyung Park, DRE #01268123

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.