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Listed by Kirk R Garabedian • Keller Williams R. E. Services
$1,800,000
Est. payment /mo
5,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,800 sqft
Price per Sqft $310
MLS Listing ID GD-26233896
Year Built 2021
Lot Size 7,352 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
As part of a 6-building Co-Living Apartment portfolio, we are pleased to present a 2021-constructed, 4-unit residential investment property located in the Pico-Union area at 1700–1702½ S. Arapahoe Street, Los Angeles, CA 90006. This property features approximately 5,800 square feet of building area, situated on a 7,352-square-foot lot, and offers a total of 21 rentable bedrooms/beds. The units feature spacious 5-bedroom, 5-bathroom layouts with shared kitchen areas, thoughtfully configured to accommodate traditional multifamily and co-living rental arrangements.
The property presents a significant value-add and lease-up opportunity, with approximately 25% occupancy following the expiration of the previous master lease arrangements in July 2026. Currently, one unit generates rental income through individual room leases, while the remaining units are available for lease-up or potential master leasing. This provides investors with an opportunity to reposition the property, stabilize occupancy, and increase rental income. Strategically located near Downtown Los Angeles, USC, major employment centers, public transportation, shopping, and dining, the property is well-positioned to benefit from continued demand for flexible residential housing in central Los Angeles.
Offered at $1,800,000, this property is part of a portfolio of Co-Living apartment buildings collectively listed at $9,900,000.
All property information, rental figures, square footage, and financial projections are approximate and subject to buyer verification.
The property presents a significant value-add and lease-up opportunity, with approximately 25% occupancy following the expiration of the previous master lease arrangements in July 2026. Currently, one unit generates rental income through individual room leases, while the remaining units are available for lease-up or potential master leasing. This provides investors with an opportunity to reposition the property, stabilize occupancy, and increase rental income. Strategically located near Downtown Los Angeles, USC, major employment centers, public transportation, shopping, and dining, the property is well-positioned to benefit from continued demand for flexible residential housing in central Los Angeles.
Offered at $1,800,000, this property is part of a portfolio of Co-Living apartment buildings collectively listed at $9,900,000.
All property information, rental figures, square footage, and financial projections are approximate and subject to buyer verification.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Laundry Common Area
Exterior
Garage Spaces 8.0
Pool None
Community Features Biking
Building
Lot Description Rectangular Lot
Sewer Public Sewer
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900