1425 W 18th St., Los Angeles, CA 90006
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1425 W 18th St., Los Angeles, CA 90006
1425 W 18th St., Los Angeles, CA 90006
1425 W 18th St., Los Angeles, CA 90006
1425 W 18th St., Los Angeles, CA 90006
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Lisa Johnson

Lisa Johnson

+1(619) 417-6764
$ 1,299,000
Est. payment /mo
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1425 W 18th St. Los Angeles, CA 90006

4 Beds

4 Baths

3,980 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID TR26135099

Bedrooms 4

Lot Size 3,980 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Excellent 4-unit investment opportunity in the heart of Los Angeles. This well-maintained multifamily property features a desirable unit mix of four 1 bedroom, 1 bath residences totaling approximately 3,192 rentable square feet on a 3,980 square foot lot. The property has been extensively improved, with all units remodeled in 2022 with permits. Upgrades include updated kitchens with quartz countertops and modern cabinetry, refreshed bathrooms with new vanities and tubs, durable laminate flooring, newer interior paint, updated fixtures and hardware, ceiling fans, ductless mini-split HVAC systems, and stackable washer and dryer units. Electrical meters were professionally upgraded in 2024, enhancing long-term reliability and insurability. Tenants enjoy a large on-site parking area, and the property is separately metered for gas and electricity, helping reduce owner operating expenses. The property is currently fully leased with strong in-place income, which offers immediate positive cash flow from day one, covering debt service even in todays elevated interest rate environment. Building is situated in a prime location, close proximity to USC and Downtown Los Angeles (DTLA), Korea town, Convention Center, LA Live, Crypto Arena, etc. Easy access to public transportation, metro lines, shopping center and major freeways such as Fwy 10 and Fwy 110, presenting significant advantages for investors looking to tap into the thriving local rental market. An ideal turnkey investment or 1031 exchange, this asset offers stable in-place income, reduced operational risk, and strong upside po

Location

State CA

County Los Angeles

Zoning Assessor

Direction West of Hoover St, between Venice Blvd and Washington Blvd

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5056010019

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

MLS Router / San Diego MLS
Listed by Annie Xiao Zhang, DRE#02021748 Universal Elite Inc. 

NEARBY SCHOOL & BUSINESS

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Lisa Johnson

Lisa Johnson

Agent | License ID: 01951113

+1(619) 417-6764

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1425 W 18th St.

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