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    1141 Arapahoe St

    Los Angeles, CA 90006
    • $1,450,000
    • STATUS: Active Under Contract
    • ON SITE: 297 days
    • ID#: 19-511826
    Under Contract
    UPDATED: 38 min ago
    $1,450,000
    • 8
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,034
      SQFT
    • $288
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1936
    County:
    Area:

    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 the Combined LA/Westside Multiple Listing Service as of 2020-07-11T18:42:35.65. 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.brandiprattrealestate.com/homes/99045486
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    1141 Arapahoe St Los Angeles, CA 90006

    • Price: $1,450,000
    • Status: Active Under Contract
    • Updated: 38 min ago
    • ID#: 19-511826
    8
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,034
    SQFT
    $288
    $/SQFT
    1936
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    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

    Covered Parking 4 Lot Size Area 7000 Other Structures None Parking Garage Garage Pool YN No Tennis YN No Total Parking 4

    Interior Features

    Baths Total 6.00 Cooling Wall/Window Den No Dining Room No Equipment Built-Ins Family Room No Heating Wall

    Property Features

    Gardener Expense 600.00 Gross Income 54300 Gross Operating Income 54300 Insurance Expense 1762.00 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Monthly Gross Income 4525.00 Net Operating Income 32283.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 22017 Trash Expense 800.00 Type Of Units None Water Expense 1600.00 Zoning Lar3

    Listing provided courtesy of Laura Milshteyn Gillaspy DRE#01997655 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-11T18:42:35.65. 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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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583