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Brandie Jones

bjones@kingdomrealtyteam.com +1(310) 930-5495

$ 2,750,000

Est. payment | -/mo

15 Beds

8 Baths

8,431 SqFt

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$ 2,750,000

Est. payment | -/mo

Save

15 Beds

8 Baths

8,431 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,431 sqft

Price per Sqft $326

MLS Listing ID 26840475

Bedrooms 15

HOA Y/N No

Year Built 1937

Lot Size 0.266 Acres

Property Description

Pleased to Present this great Income-Producing Multifamily Opportunity in the heart of Mid-City/West Adams adjacent to Arlington Heights in Los Angeles. Featuring two separate buildings of approx. 8431 SF on a large 11,600 SF, LAR3-Zoned lot. With Two addresses: 1805 S. Gramercy Place & 2442 W. 18th Street with one APN, this well-maintained 7-unit property offers strong in-place income with additional value-add & Development Potential. Built in 1937, Subject Property consists of a fourplex featuring four spacious 2+1 units and a separate triplex comprised of three attached townhome-style residences. The buildings showcase classic architectural character with period crown moldings, hardwood flooring throughout, abundant natural light, and updated windows throughout the property. Ownership has completed renovations to 2 of the 7 units while preserving the property's original charm. The most recent updates are the staircase on the side of the building & installation of individual Gas shut-off Valves. Six residences are equipped with in-unit washer and dryers. Individually metered for gas and electricity. Contact the listing agent for additional details. 7 Assigned parking spaces on site on a rebuilt Parking Area. The expansive lot allows the rear portion a potential for additional development, including possible ADU construction (buyer to independently verify all development possibilities, zoning requirements, and approvals with the City of Los Angeles). Ideally situated within approximately 2.5 miles of USC, Downtown Los Angeles, LA Live, Crypto.com Arena, and numerous employment, entertainment, and transportation hubs. This property presents an outstanding opportunity for investors seeking stable cash flow. One unit Vacant (currently on the Market for lease at $2850.00). This is a Straight Sale with No 1031 Exchange as long time Sellers are retiring!

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR3

Interior

Heating Central

Flooring Wood

Fireplaces Type None

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Assigned, Uncovered

Pool None

Total Parking Spaces 7

Private Pool No

Building

Story 2

Entry Level Two

Sewer Other

Architectural Style Traditional

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5073018019

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Mathew Bahri Sotheby's International Realty #01035809

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(310) 930-5495

bjones@kingdomrealtyteam.com

20103 Pricetown Ave, Carson, CA, 90746, USA

2442 W 18th ST Los Angeles, CA 90019

Brandie Jones

Key Details

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Interior

Exterior

Building

Others

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2442 W 18th ST