tomo logo

$1,399,000

Beds
Unknown
sq ft
Unknown

1136 Arapahoe St, Los Angeles, CA 90006

1136 Arapahoe St

Los Angeles, CA 90006

  • 19 days on market
Prime opportunity for investors, developers, or those seeking a strategic investment in one of LA's most dynamic areas, with an assumable loan at 3.95% interest rate. Featuring 8-Units, comprising 4-1 bed 1 bath units, and 4-Studios. ALL with in-unit laundry. 10- gated parking spaces. Prime Lot: With an R3 zoning designation, this property offers significant development potential, allowing for expansion or redevelopment to maximize returns. Development potential to build 9-units with 10,800 sf, 3 stories. Whether you're an astute investor seeking to capitalize on the burgeoning rental market, a developer with a vision for transformation, or an individual looking to secure a strategic foothold in a rapidly evolving neighborhood, 1136 Arapahoe presents an unparalleled opportunity to make your mark in the heart of Los Angeles. Don't miss out on this rare chance to own a piece of LA's urban landscape. Contact us today to schedule a viewing and explore the endless possibilities that await.

Details

Property type

Apartment

Est. home value

$1,539,595

Lot size

7,252 sq ft

Price per sq ft

Unknown

Year built

1923

HOA

No

Price History

11/01/2024
CRMLS

CRMLS #SR24219152

Listed
$1,399,000
-9.74%
06/06/2024
CRMLS

CRMLS #SR24050252

Removed
$1,549,999
03/15/2024
CRMLS

CRMLS #SR24050252

Listed
$1,549,999
+15.84%

Schools & Community

Neighborhood: 

Harvard Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Abc Max Inc

Loan start date

October 2023

Original loan amount

$340,000

Est. remaining balance

Not provided

Interest rate

7.23%

Loan type

Credit Line (Revolving)

Seller

Hdw Llc

Lender

Cathay Bank

Loan start date

January 2021

Original loan amount

$669,000

Est. remaining balance

Not provided

Interest rate

2.72%

Loan type

Commercial

Seller

Hdw Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/20/2024 at 12:35 AM

Listing updated: 11/01/2024 at 11:52 AM

Listed by: Jennifer Landon, Landon Realty Group Phone #: (818) 613-1767

MLS: CRMLS #SR24219152

CRMLS logo

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