1714 Arapahoe St

06-21-2022
06-21-2022

1714 Arapahoe St, Los Angeles, CA 90006

  • Extremely charming 1920's Construction! Very spacious 2+1 units, each averaging 1,280 square feet! $258 Per Rentable Square Foot!
  • Located in Pico-Union area, near Hoover St. and Venice Blvd with Easy access to the 10 & 110 Freeways!
  • Separately metered for gas & electricity with separate H20 heaters!
  • Ten-foot ceilings, original hardwood floors, crown molding, arched doorways, and more! Can built one more unit and two ADU's!
  • Tremendous Rental Upside Potential! Parking in the rear!
  • Appraised for $1.5M in the end of April 2022!

Property Description

1714 Arapahoe Street is a very well-maintained 5,120 square foot building situated on a 7,671 square foot LARD1.5 zoned lot. The property is made up of four (4) very spacious two bedroom and one bathroom units, each averaging around 1,280 square feet! The lot size allows for one (1) more unit to be built as well as two (2) additional dwelling units (ADU's). The building is an extremely charming 1920's structure. Each unit has ten-foot ceilings, original hardwood floors, crown molding, arched doorways, spacious living & formal dining room areas, kitchen with pantry/breakfast nook area, and more. The property is separately metered for gas and electricity, three units have new water heaters, and all units have exterior entrances and a spacious laundry area. Moreover, there are three covered parking spaces in the back, as well as two additional uncovered spaces. The property is in Pico-Union, near Hoover St. and Venice Blvd, with very easy access to the 10 and 110 Freeways. The location is deemed "Very Walkable" with a score of 88 out of 100, as many daily errands can be accomplished by foot. The central location provides easy access to major entertainment and employment hubs like Downtown LA, Koreatown, and Hollywood, attracting young professional tenants. Some nearby popular spots include Bacari West Adams, Everytable, Ebaes, Nature's Brew, Crypto.com Arena, and more! 1714 Arapahoe Street is a great opportunity for an investor to buy a property with strong rental upside potential. The subject property is in the City of Los Angeles and is subject to Rent Control.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
2-4 Units
Price
$ 1,320,000
No. of Units
4
Year Built
1929
Building Size
5,120 Sq ft
Lot Size
7671 sq ft
No. of Stories
2
Opportunity Zone
No
Price per unit
$ 330,000
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