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1136 Arapahoe St, Los Angeles, CA 90006
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1136 Arapahoe St Los Angeles, CA 90006

$1,549,999
  • 4 Beds
  • 8 Baths
  • 5,040 Sq.Ft.
For Sale
$1,549,999 Get Pre-Qualified
Map preview of 1136 Arapahoe St, Los Angeles, CA 90006

Property Overview: 1136 Arapahoe St Los Angeles, CA has 4 bedrooms, 8 bathrooms, 5,040 living square feet and 7,252 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Nestled in the vibrant neighborhood this property offers a prime opportunity for investors, developers, or those seeking a strategic investment in one of LA's most dynamic areas. Featuring 8-Units, comprised of 4-1 bed 1 bath units, and 4-Studios. ALL with in unit laundry. 10- gated parking spaces. Prime Lot: With an R3 zoning designation, this property offers significant development potential, allowing for expansion or redevelopment to maximize returns. Development potential to build 9-units with 10,800 sf, 3 stories. Whether you're an astute investor seeking to capitalize on the burgeoning rental market, a developer with a vision for transformation, or an individual looking to secure a strategic foothold in a rapidly evolving neighborhood, 1136 Arapahoe presents an unparalleled opportunity to make your mark in the heart of Los Angeles. Don't miss out on this rare chance to own a piece of LA's urban landscape. Contact us today to schedule a viewing and explore the endless possibilities that await.

Listed by Jennifer Landon | BRE #01281552 | Landon Realty Group
Last checked: 10 minutes ago | Last updated: March 16th, 2024 | Source CRMLS | DOM: 48
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Home details

Lot Sq. Ft
7,252
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Apartment
Status
Active
MLS#
SR24050252
City
Los Angeles
County
Los Angeles
Time on Site
63 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $956
  • Total Rent: $956
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $850
  • Total Rent: $850
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,139
  • Total Rent: $1,139
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $919
  • Total Rent: $919
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,196
  • Total Rent: $1,196
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,456
  • Total Rent: $1,456
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,085
  • Total Rent: $1,085
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $885
  • Total Rent: $885
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.04%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $102,461
  • Net Operating Income: $62,753
  • Gross Operating Income: $102,461
  • # of Rented Garages: 0
  • Other Income 1: $50
  • Other Income Description: Trash
Annual Expense Breakdown
  • Total Operating Expense: $39,708
  • Electric: $4,200
  • Gas/Fuel: $0
  • Trash: $4,440
  • Gardener: $600
  • Insurance: $4,200
  • Professional Management: $4,200
  • Water/Sewer: $4,200

Open Houses for 1136 Arapahoe St

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Property Details for 1136 Arapahoe St

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Heating Information
  • Has Heating
  • See Remarks
Laundry Information
  • Has Laundry
  • See Remarks
Fireplace Information
  • Has Fireplace
  • See Remarks
Room Information
  • Flooring: See Remarks
  • See Remarks
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: See Remarks
  • Has Fence
  • See Remarks
  • Has Spa
  • Spa Features: See Remarks
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 5076014007
  • Year Built Source: Assessor
  • Architectural Style: See Remarks
  • Entry Level: 1
  • Foundation Details: See Remarks
  • Property is Attached
  • Accessibility Features: See Remarks
  • Has Land Lead
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: See Remarks
  • Utilities: See Remarks
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: S of Olympic, W of Hoover
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1136 Arapahoe St

Last sold for $1,338,000 on February 17th, 2021

  • March, 2024

  • Mar 15, 2024

    Date

    Active

    CRMLS: SR24050252

    $1,549,999

    Price

  • February, 2021

  • Feb 18, 2021

    Date

    Sold

    CRMLS: 20593744

    $1,338,000

    Price

  • Jan 19, 2021

    Date

    Pending

    CRMLS: 20593744

    $1,390,000

    Price

  • Nov 19, 2020

    Date

    Price Change

    CRMLS: 20593744

    $1,390,000

    Price

  • Oct 10, 2020

    Date

    Active

    CRMLS: 20593744

    $1,449,000

    Price

  • Sep 30, 2020

    Date

    Active Under Contract

    CRMLS: 20593744

    $1,449,000

    Price

  • Jul 28, 2020

    Date

    Price Change

    CRMLS: 20593744

    $1,449,000

    Price

  • Jun 20, 2020

    Date

    Active

    CRMLS: 20593744

    $1,495,000

    Price

  • Listing provided courtesy of CRMLS

    Opportunity Zone! 8-Unit investment opportunity with 42% Upside on Rents located in the highly coveted Korea-Town neighborhood of Los Angeles. Built in 1923, this property totals 5,040 SF on a 7,250 SF R3 Zoned lot in the heart of Koreatown. 2 story income property updated in 2010 by city & building code. 4 units are 1 bed+1 Bath, other 4 units are studio with long term tenants. Sold with tenants in place. This property well-maintained with a secure, gated. Located next to many shops and restaurants in Koreatown. Close to DTLA and 10,110,101 FWY. Drive by only, please do not disturb tenants. Subject to interior inspection.

  • February, 2021

  • Feb 17, 2021

    Date

    Sold (Public Records)

    Public Records

    $1,338,000

    Price

  • June, 2020

  • Jun 20, 2020

    Date

    Canceled

    CRMLS: 20562136

    $1,495,000

    Price

  • Mar 26, 2020

    Date

    Price Change

    CRMLS: 20562136

    $1,495,000

    Price

  • Mar 9, 2020

    Date

    Active

    CRMLS: 20562136

    $1,595,000

    Price

  • Listing provided courtesy of CRMLS

    Opportunity Zone! 8-Unit investment opportunity with 42% Upside on Rents located in the highly coveted Korea-Town neighborhood of Los Angeles. Built in 1923, this property totals 5,040 SF on a 7,250 SF R3 Zoned lot in the heart of Koreatown. 2 story income property. 4 units are 1 bed+1 Bath, other 4 units are studio with long term tenants. Sold with tenants in place. This property well-maintained with a secure, gated. Located next to many shops and restaurants in Koreatown. Close to DTLA and 10,110,101 FWY. Drive by only, please do not disturb tenants. Subject to interior inspection.

  • September, 2018

  • Sep 13, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1136 Arapahoe St

Assessed Value (2020): $1,513,680
Year Land Value Improved Value Assessed Value
2020 $1,132,200 $381,480 $1,513,680

Home Value Compared to the Market

This property vs the competition

1136 Arapahoe St is listed 24% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $307.54 per/sqft which puts the price per square foot 60.42% lower than the median price per square foot for the city of Los Angeles.

About 1136 Arapahoe St

Detailed summary of property

1136 Arapahoe St is a apartment located in Los Angeles, CA 90006 and is currently for sale. This apartment offers 4 bedrooms, 8 bathrooms, roughly 5,040 living square feet, and sits on an approximately 7,252 square foot lot. 1136 Arapahoe St was first listed on ArdentRealEstateGroup.com on March 15, 2024. The homeowner is currently asking $1,549,999. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 24% higher than the median priced home. Local competing homes currently for sale include 744 S Carondelet St, 1731 S New England St and 1446 S Burlington Ave. While the average home in Los Angeles, CA is selling in 92 days, 1136 Arapahoe St has a days on market of 48 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1136 Arapahoe St Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1136 Arapahoe St

Public county record property details
Beds
4
Baths
8
Year built
1923
Sq. Ft.
5,040
Lot Size
7,249
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
122,123
APN
5076-014-007

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$602
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
38
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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