3215 W 18th Street, Los Angeles, CA 90019
Property
Sold October 2024
Listing Agent: Robert Renshaw (DRE #01332831) · Listing Office: REMAX COMMERCIAL & INVESTMENT REALTY · Contact: 310-802-2500 · Bought with: Daniel Shieh · Lyon Stahl Investment Real Estate, Inc. · MLS #24427897 · Source: CRMLS
About this property
$150,000 PER UNIT FOR ALMOST ALL 2-BEDROOM UNITS! We are pleased to present the exclusive opportunity to purchase a 7-unit income property in the burgeoning Mid-City / Arlington Heights neighborhood of Los Angeles. 3215 W 18th St was built in 1961 and added on to the original single family home that was built on the property in 1908. The legal 7-unit building is comprised of (6) 2-bedroom, 1-bathroom units and (1) studio* unit. There is carport and surface parking for 6 vehicles and the required soft story retrofit work was completed in 2020. The property is fully gated including the parking area. There is also a large shared outdoor space that can be used by tenants. Arlington Heights and its neighbors, West Adams and Jefferson Park, have seen a dramatic resurgence over the past several years. Many new businesses, restaurants, coffee shops, and even art galleries have entered the market to serve residents. The area is densely populated with about 20,000 people living in roughly 1 square mile. Public schools score above average, for the most part. 3215 W 18th offers the savvy investor a unique opportunity to purchase a quality multifamily asset at an attractive cost basis with significant remaining upside potential.
Listing description from the October 2024 sale, as reported to CRMLS.
Sale history