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$4,997,000

Beds
Unknown
sq ft
Unknown

1218 Arapahoe St, Los Angeles, CA 90006

1218 Arapahoe St

Los Angeles, CA 90006

  • 5 days on market
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.

Details

Property type

Mixed Use

Property condition

Under Construction
New Construction

Lot size

7,250 sq ft

Price per sq ft

Unknown

Year built

2022

HOA

No

Price History

02/18/2025
CRMLS

CRMLS #DW25031104

Listed
$4,997,000
-13.1%
01/07/2025
CRMLS

CRMLS #DW24252856

Removed
$5,750,000
01/02/2025
CRMLS

CRMLS #DW24252856

Listed
$5,750,000
+15%

Schools & Community

Neighborhood: 

Harvard Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Street Lights, 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

Genesis Capital Llc

Loan start date

September 2022

Original loan amount

$3,415,000

Est. remaining balance

Not provided

Interest rate

5.22%

Loan type

Building or Construction Loan

Seller

The Budget Acquisition Inc

Lender

Marc Meshekow

Loan start date

September 2021

Original loan amount

$800,000

Est. remaining balance

Not provided

Interest rate

2.87%

Loan type

Commercial

Seller

The Budget Acquisition Inc

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: 02/23/2025 at 6:15 AM

Listing updated: 02/18/2025 at 5:50 AM

Listed by: Yossmira Hernandez, First Family HomesFirst Family Homes Phone #: (562) 862-7373

MLS: CRMLS #DW25031104

CRMLS logo

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