Description
1214, 1214 1/2, 1216, 1216 1/2 & 1218 arapahoe st, los angeles ca 90006
presenting a clean modern look 2022 new construction 5 unit property.
option for sale or lease
don’t miss out on this huge discount. priced to go.
similar project appraised at $5,870,000. similar project located just 1 street away, same builder, same bedroom & bathroom count, with approx. 1,553 sqft less than 1218 arapahoe st.
sales prices gives the buyer a great opportunity to a good amount of equity.
if not buying you can rent the whole property or rent a unit privately, where everything in the unit is private to you. there's (1) unit 7 bedrooms and 6 bathrooms, (2) units of 7 bedrooms and 7 bathrooms, (2)units of 5 bedrooms and 5 bathrooms or you can rent per room, where bedroom and bath would be private; common spaces like kitchen and laundry would be shared.
this project is located in a hot rental area. location, location, location! property has little to no maintenance; super convenient for the owner. a perfect co living investment property that when leased would bring in a pro forma cap rate of 7.433%.
property’s breakdown is the following: 1(front, singlefamilyresidence) unit is 7 bed, 6 bath.
(middle duplex-mirrored units) is 7 bed, 7 bath x2
(rear duplex-mirrored units) is 5 bed, 5 bath x2
total of 31 bedrooms and 30 bathrooms
all units are quad-level & separately metered for each utility service.
this property is rare to find, making it a hot commodity!
buyer(s) to independently verify all information on this listing. listing agent is not liable for any information that turns out incorrect. the accuracy of all information, regardless of source, including but not limited to square footages, lot sizes, income, and expenses, is deemed reliable but not guaranteed.
Property Type
Residential IncomeCounty
Los AngelesStyle
ModernAD ID
49367768
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Fireplace: None
Cooling Features
- Central Air
- Air Conditioning
Heating Source
- Central
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 2022
- Building Area Total: 10,314
Pool Features
- None
Laundry Features
- Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1664
- Lot Size Source: Public Records
- Lot Size Square Feet: 7250
-
Listing Information
Listing Price Information
- Original List Price: 4,997,000
- Listing Contract Date: 2025-04-15
Lease Information
- Lease Term: 12 Months
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 5076015003
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Driveway Level,Garage,Garage Faces Rear,On Street
Homeowners Association
Rental Info
- Lease Term: 12 Months
- Tenant Pays: All Utilities,Insurance
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: KREA - Koreatown
- Directions: major cross streets are W PICO BLVD & S HOOVER ST
- Source Property Type: Residential Income
- Area: KREA - Koreatown
- Property SubType: Mixed Use
Building and Construction
- Property Age: 3
- Common Walls: 1 Common Wall
- Property Condition: Under Construction
- Structure Type: Mixed Use
- Year Built Source: Builder
- Entry Level: 1
- Entry Location: 1
- Property Attached: Yes
- Levels or Stories: Three Or More
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BuyOwner last updated this listing 05/22/2025 @ 11:05
- MLS: DW25078824
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 10,314 sqft, 7,250 sized lot, and 4 parking. are nearby neighborhoods.