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2405 18th Street, Los Angeles, CA 90019
Priced at Only: $4,100,000
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Address: 2405 18th Street, Los Angeles, CA 90019
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  • MLS#: 25630389 ( )
  • Street Address: 2405 18th Street
  • Viewed: 2
  • Price: $4,100,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 48
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90019
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: William William
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    2405 W. 18th Street is a compelling multifamily investment opportunity characterized by large units, an excellent unit mix, and strong in place cash flow. The property is located in a high demand Los Angeles rental pocket benefiting from consistent tenant demand and limited competing supply. The property features a desirable unit mix of ten (10) two bedroom units and nine (9) one bedroom units, offering larger than average floor plans that appeal to long term renters. The balanced mix and generous unit sizes provide durability across market cycles and position the asset favorably for sustained occupancy and rent growth. From an investment standpoint, the property is offered at an exceptionally low price per square foot of approximately $238 with strong in place cash flow metrics, including a 10.25 GRM and a 5.92% capitalization rate. Additionally, the property offers approximately 29% upside in rents and potential to add accessory dwelling units (ADUs) pursuant to Senate Bill 1211, subject to buyer verification. The attractive going in yield supports favorable purchase financing and provides investors with immediate income alongside meaningful long term upside.
Features
Appliances
  1. Refrigerator
Architectural Style
  1. Mid Century Modern
Building Area Total
  1. 17241.00
Common Walls
  1. 1 Common Wall
Construction Materials
  1. Stucco
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Direction Faces
  1. East
Entry Location
  1. Ground Level w/steps
Fireplace Features
  1. None
Heating
  1. Wall Furnace
Laundry Features
  1. Washer Included
  2. Dryer Included
  3. Community
Levels
  1. Multi/Split
Netoperatingincome
  1. 238599.00
Parcel Number
  1. 5073015011
Parking Features
  1. Carport
  2. Covered
  3. Private
  4. Assigned
Pool Features
  1. None
Property Condition
  1. Updated/Remodeled
Security Features
  1. Smoke Detector(s)
  2. Carbon Monoxide Detector(s)
  3. Card/Code Access
Sewer
  1. Other
Sourcesystemkey
  1. 25630389:CLAW
Spa Features
  1. None
Tenant Pays
  1. Gas
  2. Electricity
Totalexpenses
  1. 150230.00
Vacancyallowance
  1. 12026
View
  1. City Lights
Year Built
  1. 1963
Year Built Source
  1. Assessor
Zoning
  1. LAR3
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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