1415 Arapahoe Street, Los Angeles, California 90006, Los Angeles, 90006 - 6 bed, 4 bath
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Los Angeles, California 90006
This Turnkey Quadruplex Investment is a Prime Investment Opportunity, listed at $1,600,000—positioned well below the $1,666,150 Fair Market Value by 3%. This valuation gap provides $66,150 in Instant Equity. Featuring a Condition Rating of 3, the property offers four fully upgraded units with stainless steel appliances, laminate flooring, and a spacious patio. Located near Downtown L.A. with access to Top-Rated Schools like Hoover Street Elementary, it ensures high rental demand. This is an exceptional acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1415 Arapahoe Street Subject | $1,600,000* List Price | 6 | 4 | 3,641 | $458 | - |
A 1147 Fedora Street Active Under Contract | $1,500,000 List Price | 8 | 7 | 3,000 | $500 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring significant updates despite its 1900 build date. Interior photos show functional kitchens with stainless steel appliances and oak cabinetry, along with updated laminate flooring and ceiling fans. The exterior is clean with newer stamped concrete and secure fencing, suggesting that major systems have been updated within the last 10-15 years to meet current rental market standards.
The property has been fully upgraded with modern finishes across all four units, offering a move-in-ready opportunity that minimizes immediate capital expenditure for investors.
With two expansive 2-bedroom units exceeding 1,200 square feet each, the property provides significantly more living space than typical rental stock, attracting long-term, high-quality tenants.
Situated in a prime Los Angeles neighborhood near Downtown, the property benefits from close proximity to major transit, shopping, and dining, ensuring consistently low vacancy rates.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 1.
Originally constructed in 1900, the property may present long-term maintenance challenges related to century-old structural components and core systems despite recent interior updates.
The property features only uncovered parking, which may be a drawback for tenants prioritizing vehicle security or protection from the elements in a dense urban environment.
Exceptional investment opportunity in the heart of Los Angeles! This fully upgraded four-unit residential property at 1415 Arapahoe Street offers a total of approximately 3,641 square feet across a well-balanced unit mix. The property features two spacious 2-bedroom, 1-bath units (1,221 sq ft and 1,220 sq ft) and two 1-bedroom, 1-bath units (600 sq ft each), providing strong rental appeal and flexibility. All units have been thoughtfully updated, offering modern finishes and enhanced comfort for tenants. The property includes convenient uncovered parking and is situated on a generous lot, ideal for ease of access and functionality. Located in a prime Los Angeles neighborhood with close proximity to shopping, dining, and major transit routes, this property presents an excellent opportunity for both owner-users and investors seeking stable income potential in a high-demand rental market.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 0.0 | 80% |
| Baths | 4.0 | 0.0 | 80% |
| Square foot | 3,641 | 1,900 | 80% |
| Lot Size | 7,383 | 5,100 | 80% |
| Price | $1.60M | $840.0K | 80% |
| Price per sq ft | $439 | $439 | 50% |
| Built year | 1900 | 1922 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 203 | 20% |
Apr 6, 2026
$1,600,000
Initial Listing
Oct 8, 1999
$180,000
Public Record
Apr 9, 1996
$185,000
Public Record