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- LoopNet Team
967 Arapahoe St
Los Angeles, CA 90006
+/-21U by Right , +/-36U (TOC), 42U (MIIP) · Land For Sale
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0.20 AC
Investment Highlights
- Build +/-21 units by right or +/-36 units with TOC Tier 3 or +/-42 units with MIIP Tier 2
- Current Rental Income: $4071.25/month
- Excellent freeway access (101, 10, 110)
- Expansive 8,535 Sq. Ft. lot - Zoning LAR4-1, TOC Tier 3
- Premier Mid-Wilshire location
- Tremendous redevelopment potential
Property Facts
| Property Type | Land | Total Lot Size | 0.20 AC |
| Property Subtype | Residential | No. Stories | 2 |
| Proposed Use | Apartment Units | ||
| Zoning | LAR4-1 - LAR4-1 TOC Tier 3 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.20 AC |
| No. Stories | 2 |
| Zoning | LAR4-1 - LAR4-1 TOC Tier 3 |
Description
Located in the highly sought-after Mid-Wilshire neighborhood, this three-story single-family residence at 967 Arapahoe Street presents a rare opportunity for both investors and developers. The property features 4 bedrooms and 2 bathrooms across a spacious 2,772 square foot living area and sits on a large 8,535 square foot lot. Currently leased at $4,071/month, this asset provides immediate income while offering exceptional future upside. Zoned LAR4-1 and designated within a Transit Oriented Communities (TOC) Tier 3 zone, the site is ideal for multifamily redevelopment with generous density bonuses and reduced parking requirements. Redevelopment options: +/-21 Units by Right +/-36 Units with TOC Tier 3 +/- 42 Units with MIIP Tier 2 Just one block east of S. Hoover Street and minutes from the 101, 10 and 110 Freeways, the property is strategically positioned near Downtown L.A., Koreatown, USC and major employment centers. Whether you're looking to renovate and hold, or unlock the full potential of the land through new construction, this property checks all the boxes. The nearby vacant land at 957 Arapahoe Street is also available for sale. Contact broker for details.
Property Taxes
| Parcel Number | 5076-005-009 | Improvements Assessment | $432,972 |
| Land Assessment | $1,537,053 | Total Assessment | $1,970,025 |
Property Taxes
