1522 Arapahoe Street
Property Overview
Built in 2019, this well-maintained 4-unit property will be delivered 100% VACANT, allowing the new owner to immediately establish market rents and select their own tenants. The property features an attractive unit mix of (1) 5-Bed/4-Bath, (1) 4-Bed/3-Bath, and (2) 4-Bed/4.5-Bath units, offering spacious layouts and modern construction with minimal maintenance. Projected rents total $21,500 per month / $258,000 annually. Offered at $2,390,000, the projected rent reflects a 9.26 GRM and a 7.02% pro forma cap rate, with the lowest price per SF at $308. An excellent replacement property opportunity for 1031 exchange buyers, investors seeking a newer multifamily asset, or owner-users looking to occupy a unit while generating rental income in one of Los Angeles' most established and desirable neighborhoods.
Home Details
- Property type
- Residential Income
- Year built
- 2019
- Living area
- 7,765 sq ft
- Lot size
- 6,909 sq ft
- Parking
- 6 spaces
- Stories
- 3
- Days on market
- 8
- MLS status
- Active
- Zoning
- LARD1.5
Features & Amenities
Appliances
- Dishwasher
- Disposal
- Microwave
- Refrigerator
- Dryer
- Washer
Parking
- Driveway
Community, Schools & Utilities
Utilities
- Heating
- Central
- Cooling
- CentralAir
Location & Neighborhood
Frequently Asked Questions About 1522 Arapahoe Street
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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