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1102 W 18Th St, Los Angeles, CA 90015
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1102 W 18Th St Los Angeles, CA 90015

$1,195,000
  • 8 Beds
  • 4 Baths
  • 3,784 Sq.Ft.
For Sale
$1,195,000 Get Pre-Qualified
Map preview of 1102 W 18Th St, Los Angeles, CA 90015

Property Overview: 1102 W 18Th St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,784 living square feet and 5,020 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present the opportunity to acquire 1102 W. 18th Street, a four (4) unit multifamily investment, located in Downtown LA. This two-story building was constructed of wood frame and stucco on a raised foundation, featuring a total square footage of 3,784 SF on a 5,020 SF lot. The unit mix consists of four (4) spacious 2-bedroom + 1-bathroom units, of which two (2) units will be delivered vacant upon the close of escrow. Given the location, attractive local area amenities, and opportunity to increase rental income, this investment presents an excellent opportunity for an investor to acquire a unique premier property in the attractive Downtown LA submarket that will provide exponential returns.

Listed by Davis Saadian | BRE #01921748 | Carolwood Estates
Last checked: 6 minutes ago | Last updated: April 2nd, 2024 | Source CRMLS | DOM: 32
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Home details

Lot Sq. Ft
5,020
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24372485
City
Los Angeles
County
Los Angeles
Time on Site
38 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,341
  • Total Rent: $1,341
  • Pro Forma/Market Rent: $2,575
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,575
  • Total Rent: $2,575
  • Pro Forma/Market Rent: $2,575
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,575
  • Total Rent: $2,575
  • Pro Forma/Market Rent: $2,575
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,575
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6%
  • Gross Rent Multiplier: 12.46
  • Gross Scheduled Income: --
  • Net Operating Income: $71,755
  • Gross Operating Income: $95,892
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1102 W 18Th St

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Property Details for 1102 W 18Th St

Interior Features
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
Property Information
  • Total # of Units: 4
  • Parcel Number: 5135015023
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 1102 W. 18th Street, Los Angeles 90015
View more facts & features

Local Los Angeles Agent

Sale History for 1102 W 18Th St

Last sold for $711,000 on February 5th, 2016

  • March, 2024

  • Mar 25, 2024

    Date

    Active

    CRMLS: 24372485

    $1,195,000

    Price

  • February, 2024

  • Feb 29, 2024

    Date

    Canceled

    CRMLS: WS23202538

    $1,300,000

    Price

  • Nov 21, 2023

    Date

    Active

    CRMLS: WS23202538

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    Great Investment Opportunity in Pico-Union Los Angeles. You don't want to miss this rate opportunity. MOTIVATED SELLER! This 4-unit - Quadruplex is located walking distance to LA Convention Center, Cryto Arena, LA Live and minutes away from koreatown, Midwilshire, Downtown, USC and more. Easy access to major Fwy 10 & 110. Each unit features 2 bedrooms and 1 bathroom well equipped with stove, fridge, microwave. 2 units located upstairs and 2 units located downstairs. Total of 8 parking spaces. Situated on a 3,784 sqft building and 5,020 sqft lot, each unit is well maintained by the owner. It has 4 electric meters and 4 gas meters. Live in one and rent the other 3 units or rent all the units. All units can be delivered VACANT for a Cap Rate of 8%+ based on projected income.

  • February, 2024

  • Feb 28, 2024

    Date

    Canceled

    CRMLS: WS23202879

    $1,300,000

    Price

  • Nov 21, 2023

    Date

    Active

    CRMLS: WS23202879

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    Great Investment Opportunity in Pico-Union Los Angeles. You don't want to miss this rate opportunity. MOTIVATED SELLER! This 4-unit - Quadruplex is located walking distance to LA Convention Center, Cryto Arena, LA Live and minutes away from koreatown, Midwilshire, Downtown, USC and more. Easy access to major Fwy 10 & 110. Each unit features 2 bedrooms and 1 bathroom well equipped with stove, fridge, microwave. 2 units located upstairs and 2 units located downstairs. Total of 8 parking spaces. Situated on a 3,784 sqft building and 5,020 sqft lot, each unit is well maintained by the owner. It has 4 electric meters and 4 gas meters. Live in one and rent the other 3 units or rent all the units. All units can be delivered VACANT for a Cap Rate of 8%+ based on projected income.

  • January, 2023

  • Jan 7, 2023

    Date

    Expired

    CRMLS: 22175372

    $1,250,000

    Price

  • Jul 5, 2022

    Date

    Active

    CRMLS: 22175372

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    Sitting on a tree-lined residential street minutes from Downtown Los Angeles, 1102 W. 18th Street is a value-add property with all large two-bedroom units. Contact Agent to discuss Sellers other similar property on the market. Can be purchased together or separately.

  • February, 2016

  • Feb 5, 2016

    Date

    Sold (Public Records)

    Public Records

    $711,000

    Price

  • August, 2000

  • Aug 22, 2000

    Date

    Sold (Public Records)

    Public Records

    $230,000

    Price

Show More

Tax History for 1102 W 18Th St

Assessed Value (2020): $769,606
Year Land Value Improved Value Assessed Value
2020 $462,197 $307,409 $769,606

Home Value Compared to the Market

This property vs the competition

1102 W 18Th St is listed 2.45% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $315.8 per/sqft which puts the price per square foot 59.2% lower than the median price per square foot for the city of Los Angeles.

About 1102 W 18Th St

Detailed summary of property

1102 W 18Th St is a multi family located in Los Angeles, CA 90015 and is currently for sale. This multi family property offers 8 bedrooms, 4 bathrooms, roughly 3,784 living square feet, and sits on an approximately 5,020 square foot lot. 1102 W 18Th St was first listed on ArdentRealEstateGroup.com on March 25, 2024. The homeowner is currently asking $1,195,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 2.45% lower than the median priced home. Local competing homes currently for sale include 2104 Park Grove Ave, 1718 S New England St and 1731 S New England St. While the average home in Los Angeles, CA is selling in 96 days, 1102 W 18Th St has a days on market of 32 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 1102 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 1102 W 18Th St

Public county record property details
Beds
8
Baths
4
Year built
1920
Sq. Ft.
3,784
Lot Size
5,019
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5135-015-023

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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