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1200 Arapahoe St

Los Angeles, CA 90006
  • $5,000,000
  • STATUS: Active
  • ON SITE: 73 Days
  • MLS #: 22-136579
UPDATED: 58 min ago
$5,000,000
  • 22
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,846
    SQFT
  • $361
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:
Area:

School Ratings & Info

Description

Excellent Investment and Value-Add Opportunity! 20 unit in the heart of Los Angeles. Located on the corner of Arapahoe St and W 12th St. The building is comprised of 2 - 2 Bed + 2 Bath units, 3 - 2 Bed + 1 Bath units, 12 - 1 Bed + 1 Bath units and 3 - Studio units. There is 20 parking spaces located on the property. The building is a total of 13, 846 Sq. Ft. on a 10,904 Sq. Ft. lot zoned LAR3. The property has been well maintained. Seismic Retrofitting has already been completed (Buyer to verify). A savvy investor with a value-add strategy will be able to take advantage of the neighborhoods steady rise in rental prices. Huge value-add opportunity as many of the rents are below market. DRIVE BY ONLY! DO NOT DISTURB TENANTS!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-28T21:43:03.17. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/126731745
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1200 Arapahoe St Los Angeles, CA 90006

  • Price: $5,000,000
  • Status: Active
  • On Site: 73 Days
  • Updated: 58 min ago
  • MLS #: 22-136579
22
Beds
0
Baths
0
½ Baths
0.25
Acres
13,846
SQFT
$361
$/SQFT
1964
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
Excellent Investment and Value-Add Opportunity! 20 unit in the heart of Los Angeles. Located on the corner of Arapahoe St and W 12th St. The building is comprised of 2 - 2 Bed + 2 Bath units, 3 - 2 Bed + 1 Bath units, 12 - 1 Bed + 1 Bath units and 3 - Studio units. There is 20 parking spaces located on the property. The building is a total of 13, 846 Sq. Ft. on a 10,904 Sq. Ft. lot zoned LAR3. The property has been well maintained. Seismic Retrofitting has already been completed (Buyer to verify). A savvy investor with a value-add strategy will be able to take advantage of the neighborhoods steady rise in rental prices. Huge value-add opportunity as many of the rents are below market. DRIVE BY ONLY! DO NOT DISTURB TENANTS!
Exterior Features

Lot Size Area 10904 Other Structures None Parking Garage Covered Parking Total Parking 20

Interior Features

Baths Total 22.00 Cooling Wall/Window Equipment RefrigeratorRange/OvenCable Heating Wall Gas

Property Features

Assessed Total Value 4101171 Gross Income 326381 Gross Operating Income 326381 Like Units1 3 Like Units2 12 Like Units3 3 Like Units4 2 Net Operating Income 165880.00 Number Of Buildings 1 Number Of Units 20 Owner Pays WaterGasElectricity Sale Type Standard Security Features GatedResident Manager Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGas Total Annual Expense 160501 Type Of Units Residential Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Michael R. Fukushima DRE#01380445 of Keller Williams Downtown La.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-28T21:43:03.17. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270