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… Read More 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. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
41
Last Updated
Property Type
Other
Beds
29
Square Ft.
17,241
Lot Size
0.29 Acres
Year Built
1963
MLS Number
25630389
30 Days Snapshot Of 90019
$1.25M
-8%
(avg) sold price
5
0%
homes sold
47
-45%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range/Oven, Washer, Dryer, Refrigerator
Building
17,241 sq ft, Built in 1963, Levels: Multi/Split, Attached, Mid-Century
Cooling
Wall/Window
Disclosures
As Is
Exterior Features
Stucco
Fireplaces
None
Garage
Carport, Covered Parking, Private, Assigned
Water Features
Water: Public
Heating
Wall
Laundry
Community
Lot
LotAcreage: 0.2895, LotSizeArea: 12,612, Single Lot, City
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