Millman Team Real Estate

$1,499,000
4 Bed
2 Bath
2,772 Sqft
0.20 Acre Lot

967 Arapahoe, Los Angeles, California 90006

  • Residential Property Type
  • 2,772 Sqft Square Footage
  • 1905 Year Built
Property 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.

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.

Basic Details
Residential
For Sale
SR25216456
$1,499,000
None
4
2
2,772 Sqft
1905
0.20 Acre
Active
2
Single Family Residence
Features
: None
: None
: None
: Inside
: Public Sewer
$0
Address Map
CA
Los Angeles
Los Angeles
90006
Arapahoe
967
W119° 42' 52.2''
N34° 3' 11.9''
Hoover Street & Olympic Blvd
C17 - Mid-Wilshire
Neighborhood
Los Angeles Unified
Additional Information
$0
$0
$0
$0
$0
: Sidewalks
1
4.0
: Three Or More
1
2025-09-12
3
: Private
Broker/Agent Information
Reza Ghobadi
Reza Ghobadi
Listing Information
SR207059657
SR0157400
Cash,Cash to New Loan
Active
2025-09-13T13:42:12Z
CRMLS
: Standard
2025-09-12T17:25:23Z
Agent info
Ray Millman
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