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934 Arapahoe Street

Los Angeles (City), CA 90006
  • $3,550,000
  • STATUS: Active
  • ON SITE: 27 Days
  • ID#: 22150355
$3,550,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1909
County:

School Ratings & Info

Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (213-943-1800)


Description

I am pleased to present the opportunity to acquire two multifamily apartment communities located at 934 Arapahoe Street & 2960 James M. Wood Boulevard totaling 25 (24+1NC) Units that can be sold together or separate. Situated just North of Olympic Boulevard and West of Hoover Street, the subject properties are located within one of Los Angeles' most desirable neighborhoods. Koreatown is one of the most widely publicized and energized communities in Los Angeles. Current ownership has renovated 10 units at 2960 James M Wood Boulevard and 10 units at 934 Arapahoe Street. Both unit renovations feature hardwood floors, stainless steel appliances and high-quality finishes throughout. Additionally, one unit at James M Wood and two units at Arapahoe will be delivered vacant, providing immediate upside. Both offerings present investors a rare buying opportunity to purchase stabilized assets with remaining value-add components, providing passive income in a market that has shown consistent growth in population and rents year over year.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-24T00:28:42.57. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/128079260
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934 Arapahoe Street Los Angeles (City), CA 90006

  • Price: $3,550,000
  • Status: Active
  • On Site: 27 Days
  • ID#: 22150355
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1909
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
I am pleased to present the opportunity to acquire two multifamily apartment communities located at 934 Arapahoe Street & 2960 James M. Wood Boulevard totaling 25 (24+1NC) Units that can be sold together or separate. Situated just North of Olympic Boulevard and West of Hoover Street, the subject properties are located within one of Los Angeles' most desirable neighborhoods. Koreatown is one of the most widely publicized and energized communities in Los Angeles. Current ownership has renovated 10 units at 2960 James M Wood Boulevard and 10 units at 934 Arapahoe Street. Both unit renovations feature hardwood floors, stainless steel appliances and high-quality finishes throughout. Additionally, one unit at James M Wood and two units at Arapahoe will be delivered vacant, providing immediate upside. Both offerings present investors a rare buying opportunity to purchase stabilized assets with remaining value-add components, providing passive income in a market that has shown consistent growth in population and rents year over year.
Exterior Features

Parking Features None Parking Total 4

Property Features

Association Fee 0 Gross Income 258033 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 159245 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lar4



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-24T00:28:42.57. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (213-943-1800)