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1016 W 18Th St, Los Angeles, CA 90015
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1016 W 18Th St Los Angeles, CA 90015

$1,450,000 Sold Price as of 02/15/2022
  • 7 Beds
  • 4 Baths
  • 3,084 Sq.Ft.
Sold
$1,450,000 Sold Price as of 02/15/2022 Refinance Your Mortgage
Map preview of 1016 W 18Th St, Los Angeles, CA 90015

Property Overview: 1016 W 18Th St Los Angeles, CA has 7 bedrooms, 4 bathrooms, 3,084 living square feet and 20,267 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located in OPPORTUNITY ZONE! 4 units is the heart of Pico-Union ON 5,500 SF LOT ZONED RD1.5 and neighboring lot of appx 14,686 SF zoned LAC2. Huge upside in rents. Separate meters for gas and electric. Close to DTLA and freeways. Interior shown with accepted offer. Property is part of HPOZ, but property is classified as a Non-Contributor, an application to demolish the building could be submitted in conjunction with an application to redevelop the property in compliance with the guidelines in the Pico-Union HPOZ Preservation Plan. 14,500 SF C2/RD1.5 lot in rear of property, 1803 Toberman, also available for sale by same seller (MLS#19-487798)

Listed by Shawn S. Kormondy | BRE #01451888 | Keller Williams Beverly Hills
Last checked: 1 minute ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 146

Home details

Lot Sq. Ft
20,267
HOA Dues
$0/mo
Year built
1903
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19487788
City
Los Angeles
County
Los Angeles
Time on Site
1207 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $500
  • Total Rent: $500
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 19.67
  • Gross Scheduled Income: --
  • Net Operating Income: $30,240
  • Gross Operating Income: $43,200
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1016 W 18Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5135026015
  • Has Additional Parcels
  • Property Condition: Fixer
Location / Neighborhood
Location Information
  • Directions: On W 18th St by Toberman St
View more facts & features

Local Los Angeles Agent

Sale History for 1016 W 18Th St

Last sold for $1,450,000 on February 15th, 2022

  • January, 2021

  • Jan 16, 2021

    Date

    Pending

    CRMLS: 19487788

    $750,000

    Price

  • Dec 9, 2019

    Date

    Active Under Contract

    CRMLS: 19487788

    $750,000

    Price

  • Aug 12, 2019

    Date

    Price Change

    CRMLS: 19487788

    $750,000

    Price

  • Jul 12, 2019

    Date

    Active

    CRMLS: 19487788

    $850,000

    Price

  • October, 2019

  • Oct 1, 2019

    Date

    Expired

    CRMLS: 19449560

    $1,895,000

    Price

  • Jun 10, 2019

    Date

    Withdrawn

    CRMLS: 19449560

    $1,895,000

    Price

  • Apr 9, 2019

    Date

    Active

    CRMLS: 19449560

    $1,895,000

    Price

  • Listing provided courtesy of CRMLS

    Located in Opportunity Zone!Develop on TWO separate lots in the heart of Pico Union. Very unique piece of lots as 13,962 Sq Ft of the lots are zoned RD1.5 & in HPOZ & 6,305 Sq Ft of the other lot is zoned C2 & not in HPOZ. There is an existing fourplex at 1016 W 18th St w/ 10' driveway on the side that accesses the rear of the lot where there was a truck sales lot previously. The office structure for the truck sales can be demolished per seller's investigation w/ HPOZ. The fourplex is protected under HPOZ & will be delivered w/ tenants. The neighboring lot (018) is currently used as an auto/truck sales and services. There is a Q condition on the C2 portion & there is access from Toberman St as well. The density for a residential lot increases when abutting commercial use. Therefore, the RD1.5 zoning increases to R3 & the density calculations should be as followed: 6,305 Sq Ft is zoned C2-1 base density 16U. Add 60% for T2. 13,962 Sq Ft is zoned RD1.5 increases to R3 base density 18U.

  • October, 2019

  • Oct 1, 2019

    Date

    Expired

    CRMLS: 19450900

    $1,895,000

    Price

  • Jun 10, 2019

    Date

    Withdrawn

    CRMLS: 19450900

    $1,895,000

    Price

  • Apr 9, 2019

    Date

    Active

    CRMLS: 19450900

    $1,895,000

    Price

  • Listing provided courtesy of CRMLS

    AFFORDABLE DEVELOPMENT ALERT! Located in Opportunity Zone! Develop on TWO separate lots in the heart of Pico Union. Very unique piece of lots as 13,962 Sq Ft of the lots are zoned RD1.5 & in HPOZ & 6,305 Sq Ft of the other lot is zoned C2 & not in HPOZ. There is an existing fourplex at 1016 W 18th St w/ 10' driveway on the side that accesses the rear of the lot where there was a truck sales lot previously. The office structure for the truck sales can be demolished per seller's investigation w/ HPOZ. The fourplex is protected under HPOZ & will be delivered w/ tenants. The neighboring lot (018) is currently used as an auto/truck sales and services. There is a Q condition on the C2 portion & there is access from Toberman St as well. The density for a residential lot increases when abutting commercial use. The density calculations should be as followed: 6,305 Sq Ft is zoned C2-1 and 13,962 Sq Ft is zoned RD1.5.

  • July, 2019

  • Jul 12, 2019

    Date

    Canceled

    CRMLS: 19474568

    $850,000

    Price

  • Jun 10, 2019

    Date

    Active

    CRMLS: 19474568

    $850,000

    Price

  • Listing provided courtesy of CRMLS

    Located in Opportunity Zone! 4 units is the heart of Pico-Union. Huge upside in rents. Separate meters for gas and electric. Close to DTLA and freeways. Interior shown with accepted offer. Property is part of HPOZ. Seller is motivated. Submit all offers. Vacant lot in rear of property also available for sale. (MLS#19-474700)

  • August, 2005

  • Aug 25, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2005

  • Aug 4, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1016 W 18Th St

Assessed Value (2020): $384,236
Year Land Value Improved Value Assessed Value
2020 $264,856 $119,380 $384,236

Home Value Compared to the Market

This property vs the competition

1016 W 18Th St sold on February 15, 2022 for 36.97% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $243.19 per/sqft which puts the price per square foot 67.79% lower than the current median sale per square foot for the city of Los Angeles.

About 1016 W 18Th St

Detailed summary of property

1016 W 18Th St is a multi family that recently sold in Los Angeles, CA 90015. This multi family property offered 7 bedrooms, 4 bathrooms, roughly 3,084 living square feet, and sits on an approximately 20,267 square foot lot. 1016 W 18Th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,450,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 36.97% lower than the current median priced home. Local homes that are currently for sale include 1400 S Westmoreland Ave, 1136 Arapahoe St and 229 W 28th St. While the average home in Los Angeles, CA is selling in 96 days, 1016 W 18Th St has a days on market of 146 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1016 W 18Th St Los Angeles, CA 90015 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1016 W 18Th St

Public county record property details
Beds
4
Baths
3
Year built
1903
Sq. Ft.
3,084
Lot Size
5,580
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5135-026-015

The source for these homes facts are from public records.

90015 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$869,000
Median List Price/Sq.Ft.
$732
Median Sold Price
$625,000
Median Sold Price/Sq.Ft.
$608
Total Inventory
77
Median Sale to List Price %
100%
Avg Days on Market
35
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (27.27%), Other (18.18%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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