Est. cap rate

2.7%

Assumed rent, all units

$7,960/mo

Units

4

Price per unit

$450,000

Est. annual NOI

$47,760

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

5,800 sqft

Lot size

7,352 sqft

Year built

2021

Stories

3

Garage spaces

8

Pool

None

Status

Active

Days on market

0

MLS #

249059391

About this property

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.

Location

1700 Araphoe Street

Los Angeles, Los Angeles, CA, 90006