About this home

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 1700-1702 1/2 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 $2,350,000, this property is part of a portfolio of Co-Living apartment buildings. All property information, rental figures, square footage, and financial projections are approximate and subject to buyer verification.

Facts and features

Schools

• Magnolia Avenue Elementary School

  elementary · K-5 · 0.2 mi

  8

• West Adams Preparatory High School

  high · 9-12 · 0.3 mi

  3

• Berendo Middle School

  middle · 6-8 · 0.7 mi

  3

• Los Angeles Christian School

  elementary · K-8 · 0.5 mi

• University Preparatory Value High

  high · 9-12 · 0.4 mi

  7

• Equitas Academy Charter School

  elementary · K-4 · 0.4 mi

  7

Price history

• Nov 7, 2026 · Price Changed$2,350,000
• Oct 30, 2026 · Listed$1,800,000
• Nov 9, 2018 · Sold$737,000
• Aug 11, 2018 · Relisted$620,000
• Aug 7, 2018 · Listing Removed$620,000
• Aug 2, 2018 · Listed$620,000

Tax history

• 2025$10,168 tax · $838,574 assessed
• 2024$10,009 tax · $822,132 assessed
• 2023$9,821 tax · $790,210 assessed
• 2022$9,372 tax · $774,716 assessed
• 2021$9,257 tax · $759,527 assessed
• 2020$9,351 tax · $751,740 assessed
• 2019$8,984 tax · $737,000 assessed
• 2018$666 tax · $44,329 assessed

Home value

$909,000

• Collateral Analytics$909,000
• Cotality$983,000
• Quantarium$905,442

Where it is