Natalie Miranda
marketing@thewhipplegroup.com7,248 Sqft Lot
7,248 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25031104
Construction Status Under Construction
HOA Y/N No
Land Lease Amount 40300.0
Rental Info 12 Months
Year Built 2022
Lot Size 7,248 Sqft
Property Sub-Type Mixed Use
Property Description
Option For Sale or Lease
Presenting a Clean Modern look 2022 NEW CONSTRUCTION 5 Unit Property.
Don't miss out on this Huge Discount. Priced to go.
Similar Project Appraised at $5,870,000. Similar project located just 1 Street away, same builder, same Bedroom & Bathroom count, with approx. 1,553 sqft less than 1218 Arapahoe St.
Sales prices gives the Buyer a great opportunity to a good amount of equity.
This project is located in a hot rental area. Location, location, location! Property has little to no maintenance; super convenient for the owner. A perfect co living investment property that when leased would bring in a Pro forma Cap rate of 7.433%.
Property's breakdown is the following: 1(FRONT, SFR) Unit is 7 BED, 6 BATH.
(MIDDLE Duplex-mirrored units) is 7 BED, 7 BATH X2
(REAR Duplex-mirrored units) is 5 BED, 5 BATH X2
Total of 31 Bedrooms and 30 Baths
All units are Quad-Level & separately metered for each utility service.
This property is rare to find, making it a hot commodity!
Buyer(s) to independently verify all information on this listing. Listing agent is not liable for any information that turns out incorrect. The accuracy of all information, regardless of source, including but not limited to square footages, lot sizes, income, and expenses, is deemed reliable but not guaranteed.
Location
State CA
County Los Angeles
Area Krea - Koreatown
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Parking Features Driveway Level, Garage, Garage Faces Rear, On Street
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking, Curbs, Street Lights, Sidewalks, Urban
View Y/N Yes
View City Lights, Hills, Neighborhood
Total Parking Spaces 10
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 4
Entry Level Three Or More
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories Three Or More
New Construction Yes
Construction Status Under Construction
Others
Senior Community No
Tax ID 5076015003
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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Marketing Director and Agent | License ID: 02122928