1425 W 18th St. 4, Los Angeles, California 90006, Los Angeles, 90006 - 0 bed, 0 bath
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Los Angeles, California 90006
This Turnkey Multi-Family Asset is listed at $1,350,000, providing a stabilized income stream in a high-demand Los Angeles rental corridor. While positioned near its $1,275,603 Fair Market Value, the property’s Excellent Condition Rating reflects a comprehensive 2022 permitted renovation and 2024 electrical upgrades. Each unit features Quartz Countertops and Ductless Mini-Splits, ensuring minimal near-term maintenance. Located minutes from USC and DTLA and served by Top-Rated Schools like Hoover Street Elementary, the asset offers immediate positive cash flow. This is a low-risk, high-utility acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1425 W 18th St. 4 Subject | $1,350,000* List Price | 0 | 0 | 3,192 | $400 | - |
A 1807 S Bonnie Brae Street Active | $1,150,000 List Price | 0 | 0 | 3,648 | $315 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1914, the property meets the 'excellent' criteria due to an extensive permitted renovation completed in 2022 and further electrical upgrades in 2024. The units feature modern kitchens with quartz countertops, updated bathrooms with new vanities and tubs, new laminate flooring, and contemporary ductless mini-split HVAC systems, ensuring all major components are virtually new.
The property underwent a comprehensive remodel in 2022 with permits, including updated kitchens with quartz countertops, new flooring, ductless mini-split HVAC systems, and a professional electrical meter upgrade in 2024.
Ideally situated near USC, Downtown Los Angeles, and Koreatown, this asset benefits from high rental demand and proximity to major employment hubs, entertainment venues, and transit corridors.
The building is fully leased with immediate positive cash flow and features separate meters for gas and electricity, effectively shifting utility costs to tenants and reducing owner expenses.
Originally constructed in 1914, the property may present long-term maintenance challenges associated with century-old structural elements that fall outside the scope of the recent interior cosmetic renovations.
The property consists exclusively of 1-bedroom, 1-bathroom units, which limits its appeal to a specific tenant demographic and lacks the floor plan diversity that can hedge against shifts in market demand.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,192 | 1,900 | 80% |
| Lot Size | 3,980 | 4,759 | 40% |
| Price | $1.35M | $840.0K | 80% |
| Price per sq ft | $423 | $429 | 40% |
| Built year | 1914 | 1922 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 92 | 203 | 20% |
Apr 9, 2026
$1,350,000
$1,380,000
-2% Price Drop
Initial Listing
Jan 20, 2026
$1,380,000
Initial Listing
Dec 16, 2022
$1,075,000
Public Record