1141 Arapahoe Street

    Los Angeles (City), CA 90006
    • $1,450,000
    • STATUS: Active
    • ON SITE: 26 days
    • ID#: 19511826
    UPDATED: 24 min ago
    $1,450,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,034
      SQFT
    • $288
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1936
    County:

    School Ratings & Info

    Description

    Compass Commercial has been exclusively retained for the sale of 1141 Arapahoe Street in the city of Los Angeles. This fourplex is in the heart of Koreatown and in the Opportunity Zone. 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 2019-10-15T00:33:24.53. 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 J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/99106783

    1141 Arapahoe Street Los Angeles (City), CA 90006

    • Price: $1,450,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: 19511826
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,034
    SQFT
    $288
    $/SQFT
    1936
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    Compass Commercial has been exclusively retained for the sale of 1141 Arapahoe Street in the city of Los Angeles. This fourplex is in the heart of Koreatown and in the Opportunity Zone. 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 Features Sprinklers None Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes

    Property Features

    Gross Income 4525.00 Gross Multiplier 26.00 Gross Operating Income 54300.00 Improvements Amount 126294 Insurance Expense 1762.00 Land Value 154359 Net Operating Income 32283.00 Special Listing Conditions Standard Total Expenses 22017.00 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 2019-10-15T00:33:24.53. 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 J1 REALTY GROUP. Licensed in the State of California, USA.
     
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