1425 W 18th St. 4, Los Angeles, California 90006, Los Angeles, 90006 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90006
This Prime Investment Opportunity is a fully leased Quadruplex listed at $1,299,000, positioned well below the $1,493,066 Fair Market Value by 12%. This valuation gap provides $194,066 in Instant Equity. With a Condition Rating of 2, the asset features 2022 permitted renovations, including ductless mini-split HVAC and modernized electrical systems. Located near USC and DTLA, this turnkey property offers immediate positive cash flow. It is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange buyers seeking a stable, low-risk rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1425 W 18th St. 4 Subject | $1,299,000* List Price | 0 | 0 | 3,192 | $468 | - |
A 1147 Fedora Street Sold | $1,430,000 | 8 | 7 | 3,000 | $477 | 0.9 mi |
B 2722 W 15th Sold | $1,200,000 | 0 | 0 | 2,688 | $446 | 1.0 mi |
C 1425 W 18th St. 4 Active | $1,350,000 List Price | 0 | 0 | 3,192 | $423 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1914, the property underwent an extensive permitted remodel in 2022 (less than 5 years ago). Improvements include modern kitchens with quartz countertops, updated bathrooms, and new laminate flooring. Key systems have been modernized with ductless mini-split HVAC units and a professional electrical meter upgrade completed in 2024, making it a turnkey asset in mint condition.
The property underwent extensive permitted remodeling in 2022, including updated kitchens with quartz countertops, new bathrooms, and ductless mini-split HVAC systems, minimizing immediate capital expenditure.
Ideally situated near USC, Downtown LA, and Koreatown, the property benefits from high rental demand and proximity to major employment hubs, entertainment centers, and transit corridors.
With separate meters for gas and electricity and a 2024 electrical upgrade, the owner benefits from reduced operating expenses and improved long-term insurability.
The building consists exclusively of 1-bedroom, 1-bathroom units, which may limit the tenant pool and reduce appeal for families or those seeking larger living spaces.
The majority of the assigned public schools in the immediate area carry low ratings, which could be a drawback for long-term tenants with school-aged children.
Excellent 4-unit investment opportunity in the heart of Los Angeles. This well-maintained multifamily property features a desirable unit mix of four 1 bedroom, 1 bath residences totaling approximately 3,192 rentable square feet on a 3,980 square foot lot. The property has been extensively improved, with all units remodeled in 2022 with permits. Upgrades include updated kitchens with quartz countertops and modern cabinetry, refreshed bathrooms with new vanities and tubs, durable laminate flooring, newer interior paint, updated fixtures and hardware, ceiling fans, ductless mini-split HVAC systems, and stackable washer and dryer units. Electrical meters were professionally upgraded in 2024, enhancing long-term reliability and insurability. Tenants enjoy a large on-site parking area, and the property is separately metered for gas and electricity, helping reduce owner operating expenses. The property is currently fully leased with strong in-place income, which offers immediate positive cash flow from day one, covering debt service even in today’s elevated interest rate environment. Building is situated in a prime location, close proximity to USC and Downtown Los Angeles (DTLA), Korea town, Convention Center, LA Live, Crypto Arena, etc. Easy access to public transportation, metro lines, shopping center and major freeways such as Fwy 10 and Fwy 110, presenting significant advantages for investors looking to tap into the thriving local rental market. An ideal turnkey investment or 1031 exchange, this asset offers stable in-place income, reduced operational risk, and strong upside potential in one of Los Angeles’ most dynamic rental markets.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,192 | 2,250 |
| Lot Size | 3,980 | 5,864 |
| Price | $1.30M | $826.7K |
| Price per sq ft | $407 | $395 |
| Built year | 1914 | 1925 |
| HOA | $0 | $0 |
| Days on market | 23 | 83 |
Jun 29, 2026
$1,299,000
Initial Listing
Dec 16, 2022
$1,075,000
Public Record