1822 Arapahoe Street

Los Angeles, CA 90006

$1,375,000
Price
4
Beds
4
Baths
4,368 Sq. Ft.
$315 / Sq. Ft.
4,368
Sq. Ft.
$315
per Sq. Ft.

Description

We are thrilled to introduce an exceptional investment opportunity in the heart of the city—a magnificent quadraplex building near the renowned University of Southern California (USC). This extraordinary property, constructed in 1913, showcases timeless architectural charm and holds immense potential. Situated on a spacious lot spanning over 7,500 square feet, this vintage quadraplex offers abundant room for outdoor activities and future expansion possibilities. Its prime location, in close proximity...We are thrilled to introduce an exceptional investment opportunity in the heart of the city—a magnificent quadraplex building near the renowned University of Southern California (USC). This extraordinary property, constructed in 1913, showcases timeless architectural charm and holds immense potential. Situated on a spacious lot spanning over 7,500 square feet, this vintage quadraplex offers abundant room for outdoor activities and future expansion possibilities. Its prime location, in close proximity to USC and Downtown Los Angeles (DTLA), presents significant advantages for investors looking to tap into the thriving local rental market. Comprising of four units, each boasting approximately 1,000 square feet of living space, this property offers a unique blend of history and modern convenience. Three of the units have recently undergone remodeling, featuring indoor laundry facilities and new vinyl flooring throughout. These updated units seamlessly merge a fresh contemporary look with the property's historic allure. Moreover, two units will be delivered vacant, granting the new owner the flexibility to choose their preferred approach to leasing or occupying the spaces. Don't miss this excellent chance to own a piece of Los Angeles history while capitalizing on the city's flourishing rental market.
  1. Listed by Steve Prendergast • DRE #02038321 • Brokerage DRE #01008773 • First Team Real Estate • 310-686-9500
  2. Listed by Andres Prendergast • DRE #02038411 • Brokerage DRE #01008773 • First Team Real Estate

Property Details for 1822 Arapahoe Street

Parking Spaces Total
0
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
4368
Assessor Parcel Number
5056-011-013
Property Attached YN
true

Location

Listing Courtesy of First Team Real Estate, Steve Prendergast, DRE #02038321; First Team Real Estate, Andres Prendergast, DRE #02038411
Add your commute
LISTING UPDATED: 03/24/2024 10:58 PM

Property Details for 1822 Arapahoe Street

StatusActive
MLS #PW23085213
Days on Market315
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1913
Lot Size0.17 AC / 7,520 SF
CountyLos Angeles County

Location

Listing Courtesy of First Team Real Estate, Steve Prendergast, DRE #02038321; First Team Real Estate, Andres Prendergast, DRE #02038411
Add your commute

Building Information for 1822 Arapahoe Street

Stories2Residences-Year Built1913Building Size-Lot Size0.17 AC / 7,520 SF

Payment Calculator

$8,534 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,504

Property Taxes

$1,030

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1822 Arapahoe Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $105,600
  • Gross Scheduled Income: $105,600
  • Vacancy Allowance: 3168
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $102,432
  • Net Operating Income: $75,457
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $26,975
  • New Taxes Expense: $16,875
  • Fuel Expense: $0
  • Licenses Expense: $960
  • Pest Control Expense: $980
  • Electric Expense: $0
  • Insurance Expense: $2,400
  • Professional Management Expense: $5,760
  • Other Expense: $2,000
  • Other Expense Description: misc
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $26,975
Tax / Assessment Info
  • Tax Tract Number: 221...
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 30
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Biking, Curbs, Gutters, Storm Drains, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area, Outside
  • Flooring: Vinyl
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard, Lot 6500-9999, Walkstreet
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage: On street
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Street
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,175
  • Unit Type Total Rent: $2,175
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number Wall AC: 4

Property History for 1822 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 1822 Arapahoe Street

Taxable ValueLand$682,125Additions$291,720Total$973,845
Tax Record2023$12,365 ($1,030 / month)
Home Facts
Total Finished SqFt4,368 SqFtAbove Grade Finished SqFt4,368 SqFtLot Size7,520 SqFtStyleQuadraplexYear Built1913ZoningLARD1.5CountyLOS ANGELESAPN5056-011-013

Schools near 1822 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

Gabriella Charter 2
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.

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1822 Arapahoe Street is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on May 16, 2023 by First Team Real Estate, it's currently listed at $1,375,000. 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. 1822 Arapahoe Street is a 4-bed, 4-bath, 4,368 sqft multi-family home built in 1913.

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 First Team Real Estate, Steve Prendergast, DRE #02038321; First Team Real Estate, Andres Prendergast, DRE #02038411

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.