Property Detail

1522 Arapahoe

Los Angeles CA 90006

$2,390,000

Status: Active

Property Details

Description

Built in 2019, this well-maintained 4-unit property will be delivered 100% VACANT, allowing the new owner to immediately establish market rents and select their own tenants. The property features an attractive unit mix of (1) 5-Bed/4-Bath, (1) 4-Bed/3-Bath, and (2) 4-Bed/4.5-Bath units, offering spacious layouts and modern construction with minimal maintenance. Projected rents total $21,500 per month / $258,000 annually. Offered at $2,390,000, the projected rent reflects a 9.26 GRM and a 7.02% pro forma cap rate, with the lowest price per SF at $308. An excellent replacement property opportunity for 1031 exchange buyers, investors seeking a newer multifamily asset, or owner-users looking to occupy a unit while generating rental income in one of Los Angeles' most established and desirable neighborhoods.

Map Location

Listing provided courtesy of H. Jason Yang of GAIA. Last updated 2026-10-19 08:10:57.000000. Listing information © 2026 CRMLS.

John Collins

John Collins

DRE# 01948188
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