NOT LISTED FOR SALE

1522 Arapahoe St Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated Value: $3,256,000 - $4,229,473

4 Beds
4 Baths
2,216 Sq Ft
6,909 Sq Ft Lot Lot

Sale Details

Date Sold: January 15, 2020

Last sale price $3,200,000 $1,444 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $23,632 / mo

Highlights

  • Contemporary Architecture
  • Furnished
  • Central Heating
  • Wood Flooring
  • Air Conditioning

About This Home

As of April 2020

Brand new, clean, remodeled duplex unit! Tri-level space with 5 bedrooms, 4 bathrooms. There is an opportunity to lease the entire space for one family, OR rent each room separately for $1,350. Living space, kitchen, and parking may be shared with other tenants living in the other rooms. Co-Living is the new way of renting. Live with your peers for an affordable price in the right neighborhood. This is perfect for young professionals or university students. The property is only 1.5 miles away from USC! Landlord will pay for all utilities and provide all furnishings. Enjoy living in a luxurious style town-home whle being close to Koreatown and Downtown with easy access to 10 FWY. Multiple units available:1520 Arapahoe (5 bed/4 bath) $6,750 1520 1/2 Arapahoe (4 bed/3 bath) $5,400/month1522 Arapahoe (4 bed/4bath) $5,400/month1522 1/2 Arapahoe (4 bed/4.5 bath) $5,400/month

Last Agent to Rent the Property

Jenny Park

Circa Properties, Inc. License #01923272 Listed on: 02/28/2020

Circa Properties, Inc.

Last Renter's Agent

Jenny Park

Circa Properties, Inc. License #01923272 Listed on: 02/28/2020

Circa Properties, Inc.

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 2019

Lot Details

  • 6,909

Home Design

  • Contemporary Architecture
  • Split Level Home

Interior Spaces

  • 2,216 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Wood Flooring
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Air Conditioning
  • Central Heating

Listing and Financial Details

  • Security Deposit $5,800
  • 12 Month Lease Term
  • Assessor Parcel Number 5056-009-008

Condo Details

Home Type

Condominium

Year Built

Built in 2019

Lot Details

6,909 Sq Ft Lot

Rental Info

  • Furnished: Furnished
  • Security Deposit: 5800

Listing Details

  • Property Type: Residential Lease
  • Style: Contemporary
  • Single Family Or Apt: Condo/Apt
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 2216
  • Stories: 2
  • Year Built: 2019
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Wood
  • Bedrooms: 4
  • Full Bathroom: 4
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 2.44

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway - Combination
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 5056-009-008
  • Geocode Override: No
  • Lot Size Area: 6909

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2019
Closed on
Jan 8, 2020
Sold by
The Budget Acquisition Inc
Bought by
Arapahoe 1520 Llc
Seller's Agent
Yossmira Hernandez
First Family Homes
Buyer's Agent
Geo Kim
GAIA
List Price
$3,200,000
Sold Price
$3,200,000
Current Estimated Value
$3,817,491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$617,491
Avg. Annual Appreciation
2.86%

Purchase Details

Listed on
Jul 20, 2018
Closed on
Aug 16, 2018
Sold by
Menedez Lorenzo
Bought by
The Budget Acquisition Inc
Seller's Agent
Shirley Ann
Shirley Bell, Broker
Buyer's Agent
Omar Ochoa
Ochoa Realty Team
List Price
$780,000
Sold Price
$710,000
Premium/Discount to List
-$70,000
-8.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
221.29%
Original Mortgage
$550,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 19, 2007
Sold by
Menendez Rafael and Menendez Cecilia
Bought by
Menendez Rafael
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Arapahoe 1520 Llc $3,100,000 First American Title
The Budget Acquisition Inc $710,000 Fidelity National Title
Menendez Rafael -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Budget Acquisition Inc $550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/30/2020 04/30/20 Rented $5,400 0.0% --
03/27/2020 03/27/20 Price Changed $5,400 -6.9% $2 / Sq Ft
02/28/2020 02/28/20 For Rent $5,800 0.0% --
01/15/2020 01/15/20 Sold $3,200,000 0.0% $375 / Sq Ft View Prior Sale
12/18/2019 12/18/19 For Sale $3,200,000 0.0% $375 / Sq Ft
11/06/2019 11/06/19 Pending -- -- --
09/02/2019 09/02/19 Off Market $3,200,000 -- --
05/31/2019 05/31/19 For Sale $3,200,000 +350.7% $375 / Sq Ft
10/01/2018 10/01/18 Sold $710,000 -9.0% $320 / Sq Ft View Prior Sale
09/24/2018 09/24/18 For Sale $780,000 0.0% $352 / Sq Ft
08/24/2018 08/24/18 Pending -- -- --
07/20/2018 07/20/18 For Sale $780,000 -- $352 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $40,718 $3,390,300 $2,296,655 $1,093,645
2024 $40,718 $3,323,824 $2,251,623 $1,072,201
2023 $39,931 $3,258,652 $2,207,474 $1,051,178
2022 $38,074 $3,194,758 $2,164,191 $1,030,567
2021 $37,582 $3,132,116 $2,121,756 $1,010,360
2020 $9,032 $724,200 $579,360 $144,840
2019 $8,679 $710,000 $568,000 $142,000
2018 $669 $40,030 $25,402 $14,628
2017 $659 $39,246 $24,904 $14,342
2016 $616 $38,477 $24,416 $14,061
2015 $610 $37,900 $24,050 $13,850
2014 $623 $37,158 $23,579 $13,579
Source: Public Records

Agents Affiliated with this Home

  • Jenny Park

    Landlord's Agent in 2020

    Jenny Park

    Circa Properties, Inc.

    (213) 275-9321

    19 Total Sales

    Jenny Park
    Section Image
  • Yossmira Hernandez

    Seller's Agent in 2020

    Yossmira Hernandez

    First Family Homes

    (562) 417-2653

    2 Total Sales

    Yossmira Hernandez
    Section Image
  • John Pak

    Seller Co-Listing Agent in 2020

    John Pak

    Philco Realty

    (213) 219-7676

    John Pak
    Section Image
  • Geo Kim

    Buyer's Agent in 2020

    Geo Kim

    GAIA

    (213) 369-1519

    18 Total Sales

    Geo Kim
    Section Image

  • S

    Seller's Agent in 2018

    Shirley Ann

    Shirley Bell, Broker

    Section Image

  • O

    Buyer's Agent in 2018

    Omar Ochoa

    Ochoa Realty Team

    (714) 773-0640

    9 Total Sales

    Omar Ochoa
    Section Image
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Map

Source: The MLS

MLS Number: 20-559270

The MLS

APN: 5056-009-008

California Los Angeles County Los Angeles 90006 Pico-Union

1522 Arapahoe St, Los Angeles, CA

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