Welcome to 1508 Arapahoe St, a rare investment opportunity located in the heart of Los Angeles! This charming single-family residence is nestled in a highly desirable area with LARD1.5 zoning, making it a prime candidate for redevelopment or expansion. The property sits on a generous 6,351 sq ft lot, offering ample potential for creative investors or developers looking to maximize the land's high-density bonus building codes. The home features a functional layout, with 4 bedrooms and 2 bathrooms, and a cozy living space ideal for first-time homebuyers or those seeking an income-generating rental property. The large lot provides endless opportunities, whether you're envisioning a garden oasis, additional units, or a complete redevelopment. Ideal for property for an ADU and Mini-ADU. Conveniently located near shopping, dining, and entertainment options, this property is just minutes away from Downtown Los Angeles, Koreatown, and major freeways (110, 101 & 10), ensuring easy access to everything the city has to offer.