Home | Los Angeles County | Los Angeles | 90006 | 1700 Araphoe St
MLS: CRGD26233896 | Status: Active | Price: $2,350,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,352 | 2021 |
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 9% occupancy following the expiration of the previous master lease arrangements. Currently, one unit generates rental income through individual room leases, while the remaining units are available for lease-up or potential traditional entire unit lease up. 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 $2
| Field | Value |
|---|---|
| MLS # | CRGD26233896 |
| MLS Source | California Regional MLS |
| Days on Site | 11 |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 8 Car(s) |
Kirk Garabedian
Keller Williams R. E. Services
License #: 01216376
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 1 | 4 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 727 Crenshaw | $1,899,999 | – | – | – | Active |
| 2220 Raymond | $1,899,000 | – | – | – | Active |
| 1107 S Hobart | $2,000,000 | – | – | – | Active |
| 1210 Fedora | $2,000,000 | – | – | – | Active |
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This listing information is up-to-date as of November 09, 2026. For the most current information, please contact Kirk Garabedian.