957 Arapahoe St Los Angeles, CA 90006

Other Residential MLS #: 24-451525 Courtesy Of KELLER WILLIAMS BEVERLY HILLS REALTY

$5,995,000

0.59 acres
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Estimated monthly payments: $26,206/mo.* (recalculate)

Property InformationDescription

We are pleased to offer a Ready-to-Issue (RTI) Development Opportunity at 957-967 S Arapahoe Street, Los Angeles, CA. This 25,658 square foot property, spanning three lots in the Wilshire Community Plan Area, is zoned R4-1 for High Medium Residential use, ideal for a Transit Oriented Communities (TOC) Tier 3 project. Notably, two of the lots currently have existing structures, offering additional flexibility and income in preparation for a construction project. The approved development consists of a five-story, 109-unit Mixed-Income Apartment Project, with 93 market-rate units and 16 affordable units encompassing a total of around 66,040 square feet of residential Space. The project includes a well-balanced unit mix of 63 studios, 40 One-Bedroom units, and 6 Two-Bedroom units, designed to accommodate a diverse range of residents, from single professionals to small families. The building is designed with Type III-A construction over a Type I-A subterranean garage. The project benefits from AB2097, requiring no mandatory parking, but provides 60 parking spaces, including designated EV charging stations and ADA-compliant parking spaces. The property is just under a mile to the Metro Subway Station. Residents will enjoy 3,178 square feet of rear-yard open space, a courtyard, roof decks, a fitness center (ADUpossibility), and private balconies, all contributing to a well-rounded living experience. Situated in a walkable, transit-rich neighborhood, the property is close to schools, parks, retail, and public transportation. The RTI PlanChecks streamline the development process, offering a quick ramp-opportunity for Developers to quickly capitalize on the growing demand for housing in Los Angeles.
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Features

  • Amenities: Dock
  • Architecture Style: Other
  • Lot Size: 0.59 Acres

MAP & DIRECTIONS

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957 Arapahoe St, Los Angeles, CA 90006
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School Information

957 Arapahoe St, Los Angeles, CA 90006

Elementary School
Grades KG-5 | Public School
HOOVER STREET ELEMENTARY
Los Angeles, CA 90005
2726 Francis Ave
213.­387.3296
Distance: 0.2 mi
School Rating
B+
Student:Teacher Ratio
22:1
Total Students
649
Middle School
Grades 6-8 | Public School
BERENDO MIDDLE SCHOOL
Los Angeles, CA 90006
1157 S Berendo St
213.­739.5600
Distance: 0.6 mi
School Rating
C-
Student:Teacher Ratio
18:1
Total Students
680
High School
Grades 9-12 | Public School
MIGUEL CONTRERAS LEARNING COMPLEX - SCHOOL OF GLOBAL STUDIES
Los Angeles, CA 90017
322 Lucas Ave
213.­240.3850
Distance: 1.4 mi
School Rating
D
Student:Teacher Ratio
17:1
Total Students
321
High School
Grades 9-12 | Public School
BELMONT HIGH SCHOOL
Los Angeles, CA 90026
1575 W 2nd St
213.­241.4300
Distance: 1.4 mi
School Rating
D+
Student:Teacher Ratio
18:1
Total Students
690
High School
Grades 9-12 | Public School
MIGUEL CONTRERAS LEARNING COMPLEX - SCHOOL OF BUSINESS & TOURISM
Los Angeles, CA 90017
322 Lucas Ave
213.­240.3840
Distance: 1.4 mi
School Rating
C-
Student:Teacher Ratio
18:1
Total Students
397
High School
Grades 9-12 | Public School
MIGUEL CONTRERAS LEARNING COMPLEX - ACADEMIC LEADERSHIP COMMUNITY
Los Angeles, CA 90017
322 Lucas Ave
213.­240.3815
Distance: 1.4 mi
School Rating
D+
Student:Teacher Ratio
22:1
Total Students
477
High School
Grades 9-12 | Public School
ROYBAL LEARNING CENTER
Los Angeles, CA 90026
1200 Colton St
213.­580.6400
Distance: 1.8 mi
School Rating
C+
Student:Teacher Ratio
19:1
Total Students
856
High School
Grades 9-12 | Public School
MIGUEL CONTRERAS LEARNING COMPLEX - SCHOOL OF SOCIAL JUSTICE
Los Angeles, CA 90017
322 Lucas Ave
213.­240.3896
Distance: 1.4 mi
School Rating
D+
Student:Teacher Ratio
24:1
Total Students
465
Other Nearby Schools Distance Type Grades School Rating
Politi Elementary School 0.2 mi Public KG-5 D-
Equitas Academy #2 0.3 mi Public 5-8 C+
Equitas Academy 5 0.4 mi Public KG-4
Equitas Academy 4 0.4 mi Public 5-8 B-
Macarthur Park Elementary School 0.4 mi Public KG-5 C
Korean Baptist Church School 0.5 mi Private PK-TKG
Rise Kohyang Middle School 0.5 mi Public 6-8 B-
Monsenor Oscar Romero Charter Middle School 0.5 mi Public 6-8 D
University Preparatory Value High School 0.6 mi Public 9-12 B
Charles White Elementary 0.6 mi Public 1-5 B
Equitas Academy 6 0.6 mi Public KG-4
Harold Mcalister High (opportunity) 0.6 mi Public 6-12 D-
Rise Kohyang High School 0.6 mi Public 9-12 A
Rise Kohyang Elementary School 0.6 mi Public KG-1
Equitas Academy #3 Charter 0.7 mi Public KG-4 B+
Young Oak Kim Academy 0.7 mi Public 6-8 D+
Pilgrim School 0.7 mi Private PK-12
Camino Nuevo Charter Academy 0.7 mi Public KG-8 C
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Los Angeles, CA 90006

Median Age: 36.7
Married: 35%
Number of Households: 19,363
Households with Children: 31.9%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
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