1151 Arapahoe Street, Los Angeles, California 90006, Los Angeles, 90006 - 3 bed, 2 bath
ACTIVE$1,390,000
1151 Arapahoe Street, Los Angeles, California 90006
3Beds
2Baths
2,270Sqft
7,001Lot
Year Built
1900
Close
-
List price
$1.39M
Original List price
$1.39M
Price/Sqft
$612
HOA
-
Days on market
-
Sold On
-
MLS number
TR25112874
Home ConditionFair
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 24% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.39M(90th), sqft - 2270(60th), beds - 3(40th), baths - 2(50th).
Zoned LAR3 over 7000 sq ft corner lot, beautiful 4 bed +2 bath home (plus additional attached 2bed 1bath junior ADU) located in Korea town. Italian charm with amazing curb appeal. Solid hardwood floors the updated kitchen has granite counter tops and maple cabinets. Central Air/Heat & copper plumbing. Huge Master Bedroom, A Den located in downstair. Zoned LAR3 over 7000 sq ft corner lot Possible to add ADU.
Nearby schools
3/10
Leo Politi Elementary School
Public,•K-5•0.1mi
3/10
Magnolia Avenue Elementary School
Public,•K-6•0.4mi
8/10
Hoover Street Elementary School
Public,•K-5•0.5mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•0.7mi
2/10
Tenth Street Elementary School
Public,•K-5•0.7mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.8mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•0.9mi
4/10
Norwood Street Elementary School
Public,•K-5•1.0mi
3/10
Los Angeles Elementary School
Public,•K-5•1.1mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•1.1mi
5/10
Vermont Avenue Elementary School
Public,•K-5•1.4mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.7mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•2.0mi
3/10
Berendo Middle School
Public,•6-8•0.5mi
3/10
John H. Liechty Middle School
Public,•6-8•1.0mi
5/10
Pio Pico Middle School
Public,•6-8•1.9mi
4/10
John Adams Middle School
Public,•6-8•2.0mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.4mi
4/10
West Adams Preparatory High School
Public,•9-12•0.7mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.9mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.9mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.9mi
3/10
Belmont Senior High School
Public,•9-12•1.5mi
5/10
Santee Education Complex
Public,•9-12•2.0mi
5/10
Foshay Learning Center
Public,•K-12•2.4mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.4mi
Price History
Date
Event
Price
08/31/12
Sold
$461,500
05/11/06
Sold
$849,000
Condition Rating
Fair
The property, built in 1900, has undergone significant functional updates such as central air/heat and copper plumbing, and features solid hardwood floors throughout. The kitchen is described as 'updated' with granite countertops and maple cabinets, which appears functional and well-maintained, though the white dishwasher and overall style suggest a renovation from 15-25 years ago rather than a recent modern update. At least one bathroom visible in the images features a clawfoot tub and older tiling, indicating it has not been recently renovated to contemporary standards. While move-in ready, the home's aesthetic, particularly in the bathrooms and some kitchen elements, shows signs of being outdated and would benefit from minor cosmetic updates to align with current trends.
Pros & Cons
Pros
Development & Income Potential: The LAR3 zoning on a large corner lot, coupled with an existing attached junior ADU and the possibility to add another ADU, presents significant development and income-generating opportunities.
Prime Koreatown Location: Located in the vibrant and centrally-located Koreatown neighborhood, offering excellent access to amenities, cultural attractions, and strong rental demand.
Key Modern Upgrades: The property benefits from essential modern upgrades including Central Air/Heat, copper plumbing, solid hardwood floors, and an updated kitchen with granite countertops and maple cabinets.
Generous Corner Lot: An over 7000 sq ft corner lot provides ample space, enhanced privacy, and flexibility for landscaping or potential future expansion.
Architectural Charm: The home exhibits 'Italian charm with amazing curb appeal,' contributing to its unique character and aesthetic appeal.
Cons
Overpricing Indication: The listing price of $1.39M is significantly higher than the estimated property value of approximately $1.05M, suggesting it may be overpriced relative to current market algorithms.
Age of Property: Built in 1900, the property's age, despite updates, may imply potential for unforeseen maintenance issues or the need for further structural investments in the long term.
Bed/Bath Count Discrepancy: There is an inconsistency between the property description (4 bed + 2 bath home + 2 bed 1 bath junior ADU) and the structured data (beds:3 baths:2), which requires clarification for potential buyers.