1522 Arapahoe Street

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For Sale - Active

1522 Arapahoe Street,Los Angeles, CA 90006

$3,835,000

17 beds
15 baths
8535 sqft

About this home

Four (4) Amazing Tri-Level Units for a lucrative cash flow opportunity !!! TRUE CAP rate of 5.25% , current annual income $250,781 'till 7/31/2024 with an annual increase of 3% thereafter. Fixed & Guaranteed income generating property Master Leased & Managed by a reputable student housing operator with proven track records. Total of 17 bedrooms & 15 bathrooms - Unit 1520 : 5 BR + 4 BA , Unit 1520 1/2 : 4 BR + 3 BA , Unit 1522 : 4 BR + 4.5 BA , Unit 1522 1/2 : 4 BR + 3.5 BA. All units are designed with open concept floor plan, impeccably done with contemporary / exquisite design that will appeal to anyone for happier living experiences. Conveniently located to DTLA, Ktown, USC, and Fwys. Almost hassle free maintenance required by a new owner !!!