REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Travis Breton

travisbreton@gmail.com +1(866) 344-7473

Listed by Kirk Garabedian, DRE #01216376 • Keller Williams R. E. Services

$ 2,350,000

Est. payment | -/mo

7,352 Sqft Lot

Save

$ 2,350,000

Est. payment | -/mo

Save

7,352 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRGD26233896

Year Built 2021

Lot Size 7,352 Sqft

Property Sub-Type Fourplex

Source California Regional MLS

Property Description

As part of a 6-building Co-Living Apartment portfolio, we are pleased to present a 2021-constructed, 4-unit residential investment property located in the Pico-Union area at 1700-1702½ S. Arapahoe Street, Los Angeles, CA 90006. This property features approximately 5,800 square feet of building area, situated on a 7,352-square-foot lot, and offers a total of 21 rentable bedrooms/beds. The units feature spacious 5-bedroom, 5-bathroom layouts with shared kitchen areas, thoughtfully configured to accommodate traditional multifamily and co-living rental arrangements. The property presents a significant value-add and lease-up opportunity, with approximately 9% occupancy following the expiration of the previous master lease arrangements. Currently, one unit generates rental income through individual room leases, while the remaining units are available for lease-up or potential traditional entire unit lease up. This provides investors with an opportunity to reposition the property, stabilize occupancy, and increase rental income. Strategically located near Downtown Los Angeles, USC, major employment centers, public transportation, shopping, and dining, the property is well-positioned to benefit from continued demand for flexible residential housing in central Los Angeles. Offered at $2

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Interior

Laundry Laundry Area

Exterior

Garage Spaces 8.0

Pool None

Building

Story Three or More Stories

Water District - Public

Others

Tax ID 5056010025

Special Listing Condition Not Applicable

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(866) 344-7473

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

GET MORE INFORMATION

California Real Estate

Welcome to RiseRealtyCA.com, your one-stop source for California real estate.

Use our state-of-the-art property search, including an interactive map search, to find homes for sale in California. These listings are updated daily from the MLS.

Or, use our Community Guide to help you in your search for California real estate listings. Our community searches will keep you up to date with the latest properties in the areas you are interested in.

And, for your convenience, be sure to register for a free account to receive email notifications whenever new homes for sale come on the market that match your specific criteria, and save your favorite properties for quick and easy access whenever you need — it's fast, easy, automatic and FREE! With a Property Tracker account, you'll be among the first to know about the newest homes for sale in California.

Thanks for visiting RiseRealtyCA.com, home of exquisite properties and excellent service.

1700 Araphoe ST Los Angeles, CA 90006