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Listed by Annie Xiao Zhang • Universal Elite Inc.
$1,380,000
Est. payment /mo
3,980 Sqft Lot
New
1425 W 18th St. Los Angeles, CA 90006
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRTR26012696
Year Built 1914
Lot Size 3,980 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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 today's 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
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Rooms
Kitchen Microwave, Other, Oven Range - Gas, Refrigerator, Oven - Gas
Interior
Heating Electric
Flooring Laminate
Laundry Other, Stacked Only
Exterior
Parking Features Common Parking Area, Other
Garage Spaces 4.0
Pool 31, None
Building
Water District - Public
Others
Tax ID 5056010019
Special Listing Condition Not Applicable
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