1817 Arapahoe St, Los Angeles, CA 90006
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1817 Arapahoe St Los Angeles, CA 90006

$3,450,000
  • 60 Beds
  • 60 Baths
  • 8,042 Sq.Ft.
For Sale
$3,450,000 Get Pre-Qualified

Map preview of 1817 Arapahoe St, Los Angeles, CA 90006

Property Overview: 1817 Arapahoe St Los Angeles, CA has 60 bedrooms, 60 bathrooms, 8,042 living square feet and 6,636 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: For Sale: Brand New 4-Unit Multi-Family Residence Presenting a Brand New Construction multi-family residence near USC and Koreatown. All units are leased to Master lease. Each of the four units features 6 bedrooms and 6 bathrooms (each room has its own bathroom), ensuring privacy and comfort. The total living area approximates 8,042 sq. ft., excluding the garages. Prime Location, Close to USC and Koreatown, with easy access to education, dining, and entertainment. Modern Amenities, Solar panels for energy efficiency and cost savings, and No Rent Control Allow for flexible pricing and higher returns on Individual water meters for each unit. It is ideal for investors seeking high returns or large families desiring spacious living arrangements. Don't miss this exceptional investment opportunity.

Listed by Jeffrey Park | BRE #01967670 | New Star Realty
Co-listed by Min Chung | BRE #01983360 | New Star Realty
Last checked: 10 minutes ago | Last updated: September 9th, 2024 | Source CRMLS | DOM: 114

Home details

Lot Sq. Ft
6,636
HOA Dues
$0/mo
Year built
2024
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24399890
City
Los Angeles
County
Los Angeles
Time on Site
114 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 6
  • # of Baths: 6
  • Furnishing: Unfurnished
  • Actual Rent: $4,750
  • Total Rent: $4,750
  • Pro Forma/Market Rent: $4,900
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 6
  • # of Baths: 6
  • Furnishing: Unfurnished
  • Actual Rent: $4,750
  • Total Rent: $4,750
  • Pro Forma/Market Rent: $4,900
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 6
  • # of Baths: 6
  • Furnishing: Unfurnished
  • Actual Rent: $4,750
  • Total Rent: $4,750
  • Pro Forma/Market Rent: $4,900
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 6
  • # of Baths: 6
  • Furnishing: Unfurnished
  • Actual Rent: $4,750
  • Total Rent: $4,750
  • Pro Forma/Market Rent: $4,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.3%
  • Gross Rent Multiplier: 15
  • Gross Scheduled Income: --
  • Net Operating Income: $182,400
  • Gross Operating Income: $228,000
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1817 Arapahoe St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal
Interior Features
  • Levels: Three Or More
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned, Gated
Property Information
  • Total # of Units: 4
  • Parcel Number: 5056012025
  • Year Built Source: Builder
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Venice Blvd, West of Hoover St.
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Sale History for 1817 Arapahoe St

Last sold for $863,000 on January 28th, 2021
  • August, 2024

  • Aug 30, 2024

    Date

    Withdrawn

    CRMLS: 24431695

    $4,700

    Price

  • Aug 25, 2024

    Date

    Active

    CRMLS: 24431695

    $4,700

    Price

  • Listing provided courtesy of CRMLS

    This new 4-plex is for lease. It is in a prime Location Close to USC and Koreatown, with easy access to education, dining, and entertainment. Solar panels are used for energy efficiency and cost savings, and individual water meters are used for each unit. It is ideal for tenants seeking large families or college students desiring spacious living arrangements.

  • June, 2024

  • Jun 5, 2024

    Date

    Active

    CRMLS: 24399890

    $3,390,000

    Price

  • February, 2021

  • Feb 13, 2021

    Date

    Sold

    CRMLS: 20658528

    $863,000

    Price

  • Dec 2, 2020

    Date

    Pending

    CRMLS: 20658528

    $849,000

    Price

  • Nov 11, 2020

    Date

    Active

    CRMLS: 20658528

    $849,000

    Price

  • Listing provided courtesy of CRMLS

    MID-LA TRIPLEX! Units in good condition. Covered 7 side by side parking in the rear backyard with a gorgeous tree. Lot is gated & private. The triplex has lots of character and much potential. Near all amenities, Also including transportation, restaurants, entertainment, shopping and freeways. Close to Downtown, USC & Exposition Park.

  • January, 2021

  • Jan 28, 2021

    Date

    Sold (Public Records)

    Public Records

    $863,000

    Price

  • January, 2009

  • Jan 8, 2009

    Date

    Sold (Public Records)

    Public Records

    $430,000

    Price

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Tax History for 1817 Arapahoe St

Assessed Value (2020): $506,313
Year Land Value Improved Value Assessed Value
2020 $353,244 $153,069 $506,313

Home Value Compared to the Market

This property vs the competition

1817 Arapahoe St is listed 187.5% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771 and this home is listed at $429 per/sqft which puts the price per square foot 44.36% lower than the median price per square foot for the city of Los Angeles.

About 1817 Arapahoe St

Detailed summary of property

1817 Arapahoe St is a multi family located in Los Angeles, CA 90006 and is currently for sale. This multi family property offers 60 bedrooms, 60 bathrooms, roughly 8,042 living square feet, and sits on an approximately 6,636 square foot lot. 1817 Arapahoe St was first listed on ArdentRealEstateGroup.com on June 5, 2024. The homeowner is currently asking $3,450,000 and was originally asking $3,390,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $771. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 187.5% higher than the median priced home. Local competing homes currently for sale include 756 S New Hampshire Ave, 1229 S Kingsley Dr and 743 S Berendo St. While the average home in Los Angeles, CA is selling in 106 days, 1817 Arapahoe St has a days on market of 114 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1817 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 1817 Arapahoe St

Public county record property details
Beds
6
Baths
3
Year built
1915
Sq. Ft.
2,019
Lot Size
6,634
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
46
APN
5056-012-025

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.
$608
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$597
Total Inventory
31
Median Sale to List Price %
87.46%
Avg Days on Market
75
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (0%), Other (42.86%)

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Related Resources to 1817 Arapahoe St

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.