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    1136 S Arapahoe St , #8

    Los Angeles, CA 90006
    • $1,495,000
    • STATUS: Active
    • ON SITE: 24 days
    • ID#: 20-593744
    UPDATED: 16 min ago
    $1,495,000
    • 4
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,040
      SQFT
    • $297
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:
    Area:

    School Ratings & Info

    Description

    Opportunity Zone! 8-Unit investment opportunity with 42% Upside on Rents located in the highly coveted Korea-Town neighborhood of Los Angeles. Built in 1923, this property totals 5,040 SF on a 7,250 SF R3 Zoned lot in the heart of Koreatown. 2 story income property. 4 units are 1 bed+1 Bath, other 4 units are studio with long term tenants. Sold with tenants in place. This property well-maintained with a secure, gated. Located next to many shops and restaurants in Koreatown. Close to DTLA and 10,110,101 FWY. Drive by only, please do not disturb tenants. Subject to interior inspection.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-15T14:43:09.21. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/107051615
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    1136 S Arapahoe St , #8 Los Angeles, CA 90006

    • Price: $1,495,000
    • Status: Active
    • Updated: 16 min ago
    • ID#: 20-593744
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,040
    SQFT
    $297
    $/SQFT
    1923
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    Opportunity Zone! 8-Unit investment opportunity with 42% Upside on Rents located in the highly coveted Korea-Town neighborhood of Los Angeles. Built in 1923, this property totals 5,040 SF on a 7,250 SF R3 Zoned lot in the heart of Koreatown. 2 story income property. 4 units are 1 bed+1 Bath, other 4 units are studio with long term tenants. Sold with tenants in place. This property well-maintained with a secure, gated. Located next to many shops and restaurants in Koreatown. Close to DTLA and 10,110,101 FWY. Drive by only, please do not disturb tenants. Subject to interior inspection.
    Exterior Features

    Levels Two Lot Description FencedFenced YardResident ManagerYard Lot Size Area 7250 Other Structures None Parking Garage Door OpenerGated Style Low Rise Total Parking 8 View Description None View YN No

    Interior Features

    Baths Total 8.00 Cooling Ceiling FanWall/Window Equipment RefrigeratorMicrowaveCeiling Fan Fireplace Rooms BathDiningLiving RoomKitchen Heating Other Laundry None

    Property Features

    Alley YN Yes Assessed Total Value 1400000 Gross Income 7598 Gross Operating Income 91175 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 78575.00 Number Of Buildings 1 Number Of Units 8 Owner Pays WaterGardener Rent Control YN Yes Sale Type Standard Security Features Carbon Monoxide Detector(S)Smoke DetectorGatedResident Manager Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 12600 Type Of Units Apartment Water Meter On Property Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Tiffany Sung Park DRE#01938831 of Keller Williams Larchmont.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-15T14:43:09.21. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Valencia CA, 91355