$965,000
1935 Arapahoe
Details
APN 5056027008
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,502
Units 7
Cap Rate 6.65%
NOI $64,138
Pro-Forma Cap Rate 11.92%
Pro-Forma NOI $115,046
Price per SqFt $175
Year Built 1904
Buildings 3
Stories 2
Acreage 0.189
Zoning Assessor
Stable In-Place Cash Flow with Long-Term Development Upside
Marketing description
Priced attractively with clear value-add potential, this 7-unit multifamily property in Los Angeles consists of three separate early-1900s buildings situated on an oversized 8,223 sq ft lot, a notable footprint for the submarket. The property is currently operated with long-term, stable tenants, providing immediate in-place cash flow, while offering meaningful upside through renovation, repositioning, and/or redevelopment. The site layout and lot size present strong potential for a creative owner or developer to explore additional density, including ADUs or a potential ED1 development strategy (buyer to verify).
Investment highlights
7 units across 3 separate buildings
Early 1900s construction with character and redevelopment flexibility
Long-term tenants with strong rent growth potential
Oversized 8,223 SF lot (large by Los Angeles standards)
No on-site parking, supporting higher-density or alternative-use concepts
Prime infill location with excellent access and visibility
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$64,138.00
$5,344.83/mo
Valuation Metrics
0
DSCR
6.65%
Cap Rate
6.65%
ROI
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Property History
Tax History
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