1141 Arapahoe Street

    Los Angeles (City), CA 90006
    • $1,450,000
    • STATUS: Active Under Contract
    • ON SITE: 192 days
    • ID#: 19511826
    Under Contract
    UPDATED: 68 min ago
    $1,450,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1936
    County:

    School Ratings & Info

    Description

    1141 Arapahoe Street in is a fourplex in an Opportunity Zone in the heart of Koreatown. It is adjacent to Downtown LA, located just north of Pico Boulevard, south of Olympic Boulevard, east of Vermont Avenue, west of Hoover Street. This area has seen a dramatic change in the last years, with the addition of many new coffee shops, restaurants, retail stores, and new construction housing. The property is made up of 5,034 square feet building, with approximately 7,000 square feet of lot area. This investment property offers a two story/town-home style, two units and two stacked units. The two town-home style units have 2 bedrooms and 2 bathrooms each, and two units are 2 bedrooms and 1 bathroom each. A detached building holds 4 one car garages. It's great for owner user to occupy one of the units and rent the others.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T20:27:54.737. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/99106783

    1141 Arapahoe Street Los Angeles (City), CA 90006

    • Price: $1,450,000
    • Status: Active Under Contract
    • Updated: 68 min ago
    • ID#: 19511826
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1936
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    1141 Arapahoe Street in is a fourplex in an Opportunity Zone in the heart of Koreatown. It is adjacent to Downtown LA, located just north of Pico Boulevard, south of Olympic Boulevard, east of Vermont Avenue, west of Hoover Street. This area has seen a dramatic change in the last years, with the addition of many new coffee shops, restaurants, retail stores, and new construction housing. The property is made up of 5,034 square feet building, with approximately 7,000 square feet of lot area. This investment property offers a two story/town-home style, two units and two stacked units. The two town-home style units have 2 bedrooms and 2 bathrooms each, and two units are 2 bedrooms and 1 bathroom each. A detached building holds 4 one car garages. It's great for owner user to occupy one of the units and rent the others.
    Exterior Features

    Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 54300.00 Gross Multiplier 26.00 Gross Operating Income 54300.00 Insurance Expense 1762.00 Net Operating Income 32283.00 Senior Community YN No Special Listing Conditions Standard Trash Expense 800.00 Water Sewer Expense 1600.00 Zoning Lar3

    Listing provided courtesy of Laura Milshteyn Gillaspy of Compass and Elizabeth Clark of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T20:27:54.737. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

     
    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003