1218 Arapahoe St, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath
ACTIVE$4,997,000
1218 Arapahoe St, Los Angeles, California 90006
0Bed
0Bath
10,314Sqft
7,250Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
New Construction & Modern Design: Built in 2022 with a 'Clean Modern look,' this property offers contemporary appeal and minimizes immediate maintenance or renovation needs for the new owner.
Top Cons:
Extensive Buyer Due Diligence Required: The listing explicitly states that 'Buyer(s) to independently verify all information' and that the 'Listing agent is not liable for any information that turns out incorrect,' placing a significant burden on the buyer to confirm all details.
Compared to the nearby listings
Price:$5.00M vs avg $3.04M (+$1,958,500)50%
Size:10,314 sqft vs avg 6,939 sqft50%
Price/sqft:$484 vs avg $39450%
More Insights
Built in 2022 (3 years old).
Condition: This property is a 2022 new construction, as explicitly stated in the description. The images confirm a 'Clean Modern look' with brand new, contemporary finishes throughout. The kitchens feature modern two-tone cabinetry, stainless steel appliances, and recessed lighting. Bathrooms boast walk-in showers with modern tiling and new fixtures. All flooring is new LVP/laminate, and lighting is recessed, indicating current quality standards with no deferred maintenance or physical depreciation. This aligns perfectly with the 'Excellent' criteria for a newly built property.
Year Built
2022
Close
-
List price
$5M
Original List price
$5M
Price/Sqft
$484
HOA
-
Days on market
-
Sold On
-
MLS number
DW25031104
Home ConditionExcellent
Features
Good View: City Lights, Hills, Neighborhood
Patio
ViewCity Lights,Hills,Neighborhood
About this home
1214, 1214 1/2, 1216, 1216 1/2 & 1218 Arapahoe St, Los Angeles CA 90006 Option For Sale or Lease Presenting a Clean Modern look 2022 NEW CONSTRUCTION 5 Unit Property. 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. 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, SFR) 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 Baths 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.
Nearby schools
3/10
Leo Politi Elementary School
Public,•K-5•0.2mi
3/10
Magnolia Avenue Elementary School
Public,•K-6•0.4mi
8/10
Hoover Street Elementary School
Public,•K-5•0.6mi
2/10
Tenth Street Elementary School
Public,•K-5•0.7mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•0.7mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.9mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•1.0mi
4/10
Norwood Street Elementary School
Public,•K-5•1.0mi
3/10
Los Angeles Elementary School
Public,•K-5•1.2mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•1.2mi
5/10
Vermont Avenue Elementary School
Public,•K-5•1.3mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.8mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•2.0mi
3/10
Berendo Middle School
Public,•6-8•0.5mi
3/10
John H. Liechty Middle School
Public,•6-8•1.0mi
5/10
Pio Pico Middle School
Public,•6-8•1.9mi
4/10
John Adams Middle School
Public,•6-8•1.9mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.5mi
4/10
West Adams Preparatory High School
Public,•9-12•0.6mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•1.0mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•1.0mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•1.0mi
3/10
Belmont Senior High School
Public,•9-12•1.5mi
5/10
Santee Education Complex
Public,•9-12•1.9mi
5/10
Foshay Learning Center
Public,•K-12•2.4mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.3mi
Price History
Date
Event
Price
09/30/20
Sold
$1,103,000
Condition Rating
Excellent
This property is a 2022 new construction, as explicitly stated in the description. The images confirm a 'Clean Modern look' with brand new, contemporary finishes throughout. The kitchens feature modern two-tone cabinetry, stainless steel appliances, and recessed lighting. Bathrooms boast walk-in showers with modern tiling and new fixtures. All flooring is new LVP/laminate, and lighting is recessed, indicating current quality standards with no deferred maintenance or physical depreciation. This aligns perfectly with the 'Excellent' criteria for a newly built property.
Pros & Cons
Pros
New Construction & Modern Design: Built in 2022 with a 'Clean Modern look,' this property offers contemporary appeal and minimizes immediate maintenance or renovation needs for the new owner.
Significant Equity Potential: The property is explicitly priced at a 'Huge Discount' compared to similar projects that appraised higher, offering the buyer an immediate opportunity for substantial equity.
High Pro Forma Cap Rate: With a projected Pro forma Cap rate of 7.433%, this investment promises a strong return, making it highly attractive for income-focused buyers.
Purpose-Built for High-Density Rental/Co-Living: Comprising 5 units with a total of 31 bedrooms and 30 bathrooms, including separately metered, quad-level units, it's ideally configured for maximizing rental income through co-living or multi-tenant arrangements.
Prime Rental Market Location: Located in Koreatown, described as a 'hot rental area,' the property benefits from high tenant demand and a desirable urban setting, ensuring consistent occupancy.
Cons
Extensive Buyer Due Diligence Required: The listing explicitly states that 'Buyer(s) to independently verify all information' and that the 'Listing agent is not liable for any information that turns out incorrect,' placing a significant burden on the buyer to confirm all details.
Specialized Investment Niche: While optimized for co-living, this highly specialized property type (31 beds across 5 units) may appeal to a narrower pool of investors, potentially impacting future resale liquidity compared to traditional multi-family units.
Complex Property Management: Managing 31 individual bedrooms/tenants across multiple units, especially in a co-living model, can be significantly more complex and labor-intensive than managing standard apartment units, requiring specialized expertise or substantial owner involvement.