1123 W 18th, Los Angeles, California 90015, Los Angeles, 90015 - 0 bed, 0 bath
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Los Angeles, California 90015
This Value-Add Quadruplex Asset is listed at $697,200, representing a stable entry point at its $697,200 Fair Market Value. With a Condition Rating of 5, this 1905-built property requires significant infrastructure updates, presenting a major value-add opportunity for investors to capture market-leading rents. The substantial 8,879 sqft lot features a City Skyline View and is situated minutes from USC and Downtown Los Angeles, ensuring consistent tenant demand. This is a strategic acquisition for Buy-and-Hold Investors or Contractors looking to capitalize on a high-growth urban location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1123 W 18th Subject | $697,200* List Price | 0 | 0 | 3,680 | $189 | - |
A 1415 S Union Active | $900,000 List Price | 0 | 0 | 3,694 | $244 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1905, placing it well over 50 years old. The exterior images show signs of age and potential deferred maintenance, with peeling paint and an overall dated appearance. While the listing mentions it's a 4-unit property with income potential, there are no interior images provided to assess the condition of the kitchens, bathrooms, flooring, or systems. The significant price reduction history also suggests underlying issues. Given the age and lack of visual evidence of updates, it's highly probable that substantial repairs and rehabilitation are needed, especially in the kitchen and bathroom areas, to meet modern standards. Therefore, it falls into the 'Poor' category, requiring significant updates and rehabilitation.
Situated in the heart of Los Angeles, offering excellent proximity to Downtown LA, USC, and major freeways, enhancing rental appeal and potential for appreciation.
A 4-unit property ideal for investors seeking passive income or owner-occupants looking to offset mortgage costs with rental revenue.
Set on a substantial lot (8879 sqft) with a private, extended driveway, providing ample off-street parking, a significant advantage in this urban area.
Built in 1905, the property may require significant updates and maintenance to meet modern standards and buyer expectations.
The listing price has been reduced multiple times from an initial $945,000 to $712,400, suggesting potential market resistance or a need for substantial renovation.
The provided description lacks specific details about the condition of individual units, amenities, or recent upgrades, making a full assessment challenging.
Prime Real Estate opportunity in the Heart of Los Angeles! This 4 Unit Property is ideally situated near Downtown Los Angeles, USC, with easy access to shops, dining, and major freeways. Set on a generous sized lot, this Property features a Private, Extended Driveway providing ample off street Parking.Each Unit offers comfortable Living Spaces, making this Home perfect for Investors seeking Passive Income or Owner Occupants looking to live on site while generating Rental Revenue. With strong growth Potential and a Central Location, this is a rare opportunity in one of Los Angeles' most Desirable Neighborhoods!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1905 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 25, 2026
$697,200
$703,600
-1% Price Drop
Initial Listing
Mar 4, 2026
$703,600
$712,400
-1% Price Drop
Initial Listing
Feb 10, 2026
$712,400
$759,000
-6% Price Drop
Initial Listing
Jan 22, 2026
$759,000
$849,400
-11% Price Drop
Initial Listing
Jan 6, 2026
$849,400
$920,000
-8% Price Drop
Initial Listing
Dec 17, 2025
$920,000
$945,000
-3% Price Drop
Initial Listing
Nov 26, 2025
$945,000
Initial Listing
Feb 27, 2002
$190,500
Public Record