3215 W 18Th Street

Los Angeles, CA 90019

$1,050,000

List Price

12

bed Beds

7

shower Baths

5,133 sqft

straighten / sqft

1961

calendar_month Built

Property Description

$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 Information

List Price $1,050,000
Status Pending
MLS 24427897
Type Residential Income
Year Built 1961
Lot Size 6,631
Structure Size 5,133
DOM 12
Courtesy Of REMAX COMMERCIAL & INVESTMENT REALTY
Listing Agent Robert Renshaw DRE#01332831
Co-Listing Agent Jonathan Taksa DRE#01366169

Interior Features

Total Bedroom
Bedrooms 12
Total Bathroom
Bathrooms 7

Exterior Information

Maps

Listing information courtesy of: Robert Renshaw, Jonathan Taksa, REMAX COMMERCIAL & INVESTMENT REALTY . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:14 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.