Skip To Content
    Return to Previous Page

    1218 Arapahoe St

    Los Angeles, CA 90006
    • $1,049,999
    • STATUS: Active Under Contract
    • ON SITE: 45 days
    • ID#: 20-617764
    Under Contract
    UPDATED: 11 min ago
    $1,049,999
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:
    Area:

    School Ratings & Info

    Description

    We are proud to exclusively present for sale a Development Opportunity in Koreatown that is ready to start entitlements. The 7,250 SF R3-1 Tier 2 lot, which backs up to an alley and is in an Opportunity Zone, is located just west of Downtown Los Angeles, with easy access to the Staples Center, USC, the 10 and 110 Freeways and more! WalkScore calls this area a Walkers Paradise, states that it has Excellent Transit and is Very Bikeable! Build a spacious 4Plex for speed and ease or a 16+/- Unit Apartment Building and make it the envy of the area! The existing building was damaged in a fire and will be delivered as-is at Close of Escrow. No RSO and No Need to Ellis!

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-27T12:42:22.927. 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/108814927
    Print Image

    1218 Arapahoe St Los Angeles, CA 90006

    • Price: $1,049,999
    • Status: Active Under Contract
    • Updated: 11 min ago
    • ID#: 20-617764
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    We are proud to exclusively present for sale a Development Opportunity in Koreatown that is ready to start entitlements. The 7,250 SF R3-1 Tier 2 lot, which backs up to an alley and is in an Opportunity Zone, is located just west of Downtown Los Angeles, with easy access to the Staples Center, USC, the 10 and 110 Freeways and more! WalkScore calls this area a Walkers Paradise, states that it has Excellent Transit and is Very Bikeable! Build a spacious 4Plex for speed and ease or a 16+/- Unit Apartment Building and make it the envy of the area! The existing building was damaged in a fire and will be delivered as-is at Close of Escrow. No RSO and No Need to Ellis!
    Exterior Features

    Cross Streets Pico Blvd And Hoover St. Lot Location Alley AccessCity Lot Size Area 7250 View Description Other View YN Yes

    Property Features

    Cable YN Yes Electric In Street Land Lease Type Fee Potential Usage Build 16+/- Units Or A 4Plex For Ease And Speed. Build 9 Units By Right. Present Use Fire-Damaged Sfr. Public Street YN True Sale Type Standard Site Description City Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Street Lights YN True Zoning R3-1 Tier 2

    Listing provided courtesy of Dario Svidler DRE#01884474 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-27T12:42:22.927. 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.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-617764-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-617764-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-617764-2.jpg
    Logo
    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355