1333 Arapahoe Street, Los Angeles, California 90006, Los Angeles, 90006 - 5 bed, 3 bath
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Los Angeles, California 90006
This 1903 Victorian residence represents a High-Potential Investment Opportunity, listed at $995,000—positioned well above the $889,097 Fair Market Value by -11%. While the property requires a full-scale renovation given its Condition Rating of 5, the LARD1.5 Zoning and 6,160-square-foot lot provide significant upside for ADU development or multi-unit expansion. Featuring a detached converted garage and ample off-street parking, this asset is a prime candidate for Fix-and-Flip Investors or Developers seeking to capitalize on the central Los Angeles location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1333 Arapahoe Street Subject | $995,000* List Price | 5 | 3 | 2,626 | $339 | - |
A 1804 Roosevelt Avenue Sold | $810,000 | 5 | 2 | 2,601 | $311 | 1.0 mi |
B 1605 S Bonnie Brae Street Pending | $785,000 List Price | 5 | 3 | 2,294 | $342 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1903, this Victorian home is explicitly marketed as a renovation project for investors and developers. While a bathroom shows a partial mid-range update, the overall property features dated interiors, worn carpets, and exterior siding/patio structures in need of significant repair. The listing's emphasis on 'restoring' and 'reimagining' confirms it requires a full-scale rehab to meet modern standards.
Zoned LARD1.5 on a generous 6,160-square-foot lot, the property offers significant value-add opportunities, including the potential for an ADU or multi-unit development in a high-demand area.
This 1903 Victorian-style residence boasts over 2,600 square feet of living space and five bedrooms, retaining original architectural details that provide a unique and spacious canvas for a high-end restoration.
Ideally situated near Downtown LA, Koreatown, and USC, the property features rare ample off-street parking and a gated front yard, offering both convenience and privacy in a dense urban setting.
Given its age and description as a restoration project, the property likely requires significant capital expenditure to modernize structural, electrical, and plumbing systems to meet current standards.
The majority of the assigned public schools in the immediate vicinity carry lower performance ratings, which may impact the property's appeal to families prioritizing top-tier educational facilities.
1333 Arapahoe Street presents an opportunity to restore, renovate, or reimagine one of the larger homes in the area. Offering 5 bedrooms, 3 bathrooms, approximately 2,626 square feet of living space, and a 6,160-square-foot lot, this Victorian-style residence retains much of its original character and architectural detail while providing an excellent canvas for modernization. Ideal for investors, developers, or owner-users looking to customize a home to their preferences, the property offers significant upside and value-add potential. The gated front yard provides privacy and additional off-street parking, while the side driveway offers ample parking options rarely found in this centrally located neighborhood.Zoned LARD1.5, the property offers future development opportunities, including the potential for an ADU or other uses permitted by zoning. The detached garage has been converted and provides additional flexible living, work, or storage space. Situated in a highly central Los Angeles location near Downtown LA, Koreatown, USC, major community centers, and the 10 and 110 Freeways, the property offers convenient access to shopping, dining, entertainment, and transportation throughout the city.Whether you're looking for a renovation project, long-term investment, or a spacious home with room to create your vision, 1333 Arapahoe Street presents a rare opportunity in the heart of Los Angeles.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,626 | 1,672 |
| Lot Size | 6,162 | 6,067 |
| Price | $995.0K | $1.37M |
| Price per sq ft | $379 | $801 |
| Built year | 1903 | 1939 |
| HOA | $0 | $348 |
| Days on market | 42 | 56 |
Jun 10, 2026
$995,000
Initial Listing
Aug 12, 2014
$649,000
Public Record
Feb 10, 2012
$475,000
Public Record