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$ 2,500,000
Est. payment /mo
New
2367 W 18th ST Los Angeles, CA 90019
8,916 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25166663
HOA Y/N No
Year Built 1946
Lot Size 8,916 Sqft
Property Sub-Type Apartment
Property Description
Presenting this 9-Unit Multifamily Opportunity in Prime Mid-City Los Angeles, a rare investment opportunity located at the high-visibility corner of St. Andrews Place and 18th Street in the heart of Mid-City Los Angeles — one of the city's most sought-after rental submarkets. This two-story, gated apartment building consists of 9 units with a favorable mix of studio, one-bedroom, and two-bedroom layouts, totaling approximately 7,562 square feet of rentable space on an 8,917 square foot corner lot. The property includes garage parking in the rear, with extra parking spaces for rent for tenants. Tenants are responsible for their own electric and gas utilities, offering investors lower operating costs. The asset benefits from close proximity to major freeway access points, retail corridors, public transit, and employment hubs, enhancing both tenant retention and future rental upside. Whether you're looking to stabilize for cash flow or reposition for long-term growth, this Mid-City asset checks all the boxes for savvy multifamily investors.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR3
Interior
Fireplace No
Laundry None
Exterior
Parking Features Garage
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Sidewalks
Total Parking Spaces 5
Private Pool No
Building
Lot Description Corner Lot
Story 2
Sewer Public Sewer
Water Public, See Remarks
New Construction No
Others
Senior Community No
Tax ID 5073012026
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Virtual Tour https://www.youtube.com/watch?v=_tpyymSwIo8
Listed by Steve Kim Best Realty & Investment, Inc. 818-439-5449