5
See all 5 photos
Listed by Kirk Garabedian, DRE #01216376 • Keller Williams R. E. Services
$1,800,000
Est. payment /mo
7,352 Sqft Lot
New
1700 Araphoe ST Los Angeles, CA 90006
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD26233896
Year Built 2021
Lot Size 7,352 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Laundry Laundry Area
Exterior
Garage Spaces 8.0
Pool None
Building
Story Three or More Stories
Water District - Public
Others
Tax ID 5056010025
Special Listing Condition Not Applicable
Copyright 2026 MLSListings Inc All rights reserved.