1123 W 18th, Los Angeles, California 90015, Los Angeles, 90015 - bed, bath
ACTIVE$920,000
1123 W 18th, Los Angeles, California 90015
0Bed
0Bath
3,680Sqft
8,879Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: As a 4-unit quadruplex, this property offers significant rental income potential, ideal for investors or owner-occupants seeking passive revenue.
Top Cons:
Advanced Age of Property: Built in 1905, the property likely requires significant updates to plumbing, electrical, and other systems, potentially incurring substantial renovation costs.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1905 (120 years old).
Condition: Built in 1905, this property is 119 years old with no indication of major renovations. The property analysis explicitly states it 'likely requires significant updates to plumbing, electrical, and other systems' and that units 'may be dated and require modernization.' The exterior images show peeling paint and a generally worn appearance, consistent with deferred maintenance. While described as having 'comfortable Living Spaces,' this likely refers to basic functionality rather than modern condition. The property requires substantial repairs and rehabilitation to address its advanced age and bring systems and interiors up to current standards, fitting the 'poor' condition criteria.
Year Built
1905
Close
-
List price
$920K
Original List price
$945K
Price/Sqft
$250
HOA
-
Days on market
-
Sold On
-
MLS number
SB25266447
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
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!
Price History
Date
Event
Price
02/27/02
Sold
$190,500
Condition Rating
Poor
Built in 1905, this property is 119 years old with no indication of major renovations. The property analysis explicitly states it 'likely requires significant updates to plumbing, electrical, and other systems' and that units 'may be dated and require modernization.' The exterior images show peeling paint and a generally worn appearance, consistent with deferred maintenance. While described as having 'comfortable Living Spaces,' this likely refers to basic functionality rather than modern condition. The property requires substantial repairs and rehabilitation to address its advanced age and bring systems and interiors up to current standards, fitting the 'poor' condition criteria.
Pros & Cons
Pros
Income-Generating Asset: As a 4-unit quadruplex, this property offers significant rental income potential, ideal for investors or owner-occupants seeking passive revenue.
Strategic Central Location: Situated in the 'Heart of Los Angeles,' with excellent proximity to Downtown LA, USC, major freeways, shops, and dining, ensuring high tenant demand.
Ample Off-Street Parking: A private, extended driveway on a generous 8,879 sqft lot provides valuable off-street parking, a premium amenity in a dense urban environment.
Strong Investment Potential: Located in a desirable Los Angeles neighborhood with 'strong growth potential,' indicating favorable long-term appreciation prospects.
Versatile Ownership Model: Appeals to a broad buyer pool, including pure investors seeking passive income and owner-occupants looking to live on-site while generating rental revenue.
Cons
Advanced Age of Property: Built in 1905, the property likely requires significant updates to plumbing, electrical, and other systems, potentially incurring substantial renovation costs.
Unspecified Unit Condition: The description lacks details on recent renovations or upgrades to individual units, suggesting they may be dated and require modernization to maximize rental income.
Recent Price Reduction: A recent price drop from $945,000 to $920,000 could indicate challenges in market valuation or suggest underlying issues affecting buyer interest.