214 S Avenue 18, Los Angeles, California 90031, Los Angeles, 90031 - 0 bed, 0 bath
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Los Angeles, California 90031
This 4-unit bungalow-style property presents a High-Potential Investment Opportunity with a List Price of $749,000—positioned well below the $716,502 Fair Market Value by -4%. Featuring a Condition Rating of 5, the asset requires significant capital expenditure to address deferred maintenance. However, the multi-building configuration in Lincoln Heights offers strong rental demand near Downtown Los Angeles. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to capture long-term equity through comprehensive renovation and market-rate repositioning.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 214 S Avenue 18 Subject | $749,000* List Price | 0 | 0 | 2,066 | $347 | - |
A 2713 Manitou Avenue Sold | $718,000 | 0 | 0 | 2,152 | $334 | 0.5 mi |
B 2229 Hancock Street Active | $775,000 List Price | 0 | 0 | 2,394 | $324 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1923 (101 years old) with no mention of recent renovations or system upgrades. The 'Investors' focused description and low price point for a 4-unit property in Los Angeles strongly indicate significant deferred maintenance and the need for a full rehab of kitchens, bathrooms, and electrical/plumbing systems.
The property features four bungalow-style units across three separate buildings, a highly desirable layout that offers tenants more privacy and fewer shared walls compared to traditional apartment blocks.
Situated in Lincoln Heights with immediate proximity to Downtown Los Angeles and Union Station, the property is perfectly positioned to attract a large pool of commuters and urban professionals.
Priced at $749,000—well below its previous sale price of $994,000—this quadruplex represents a substantial value-add opportunity for investors looking to capture equity through renovation and market-rate adjustments.
The property was recently sold within the past year on 2026-04-01. The sold price is $994,000.00.
Built in 1923, the century-old structures likely require significant capital expenditures for system upgrades, including plumbing, electrical, and structural maintenance common in vintage Los Angeles properties.
Housing four units across three buildings on a 4,113 square foot lot results in a high land-to-building ratio, leaving very limited space for tenant parking or private outdoor amenities.
Investors, Investors, Investors. We’re excited to offer a 4-unit property at 214 S Avenue 18 in Los Angeles, California. Located in the Lincoln Heights neighborhood — just north of Main Street and west of Griffin Avenue — this investment consists of three separate buildings featuring two one-bedroom and two two-bedroom bungalow-style units. The property offers excellent access to major commercial corridors, including North Broadway, Spring Street, and Main Street, with access to Downtown Los Angeles, Union Station, and much more.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-5 • 0.6 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,066 | 2,250 |
| Lot Size | 4,113 | 5,864 |
| Price | $749.0K | $826.7K |
| Price per sq ft | $363 | $395 |
| Built year | 1923 | 1925 |
| HOA | $0 | $0 |
| Days on market | 8 | 83 |
Jul 14, 2026
$749,000
Initial Listing
Apr 1, 2026
$994,000
Public Record