1425 W 18Th St, Los Angeles, CA 90006
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1425 W 18Th St Los Angeles, CA 90006

$1,075,000 Sold Price as of 12/16/2022
  • 4 Beds
  • 4 Baths
  • 3,192 Sq.Ft.
Sold
$1,075,000 Sold Price as of 12/16/2022 Refinance Your Mortgage

Map preview of 1425 W 18Th St, Los Angeles, CA 90006

Property Overview: 1425 W 18Th St Los Angeles, CA has 4 bedrooms, 4 bathrooms, 3,192 living square feet and 3,980 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer this four unit investment opportunity, located in the City of Los Angeles. The unit mix consists of four 1+1 units. The investment consists of approximately 3,192 of rentable square feet and is situated on an approximately 3,980 square foot parcel. Recent property upgrades include new interior paint, new kitchen cabinets with new quartz counter tops, new kitchen sink, new hardwood laminate flooring, new ceiling fans, new bathroom vanities, new bathtubs and new shower tile, new kitchen & bathroom hardware, new washer and dryer hookups, new exterior lighting, new exterior paint, and new exterior building and unit numbers. The building amenities include a large parking area and the property is separately metered for both gas & electricity. The property is subject to City of Los Angeles Rent Stabilization Ordinance and the property is not subject to the Los Angeles Soft-Story Retrofit Program.

Listed by Griffin White | BRE #02031785 | BRC Advisors- BH
Last checked: 13 minutes ago | Last updated: December 20th, 2022 | Source CRMLS | DOM: 155

Home details

Lot Sq. Ft
3,980
HOA Dues
$0/mo
Year built
1914
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22165693
City
Los Angeles
County
Los Angeles
Time on Site
755 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,924
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,924
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,844
  • Total Rent: $1,844
  • Pro Forma/Market Rent: $1,924
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $18,990
  • Total Rent: $1,890
  • Pro Forma/Market Rent: $1,924
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.28%
  • Gross Rent Multiplier: 11.82
  • Gross Scheduled Income: --
  • Net Operating Income: $67,492
  • Gross Operating Income: $89,164
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1425 W 18Th St

Interior Features
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 4
  • Parcel Number: 5056010019
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The subject property is located in the City of Los Angeles. The property is situated south of Venice Boulevard, North of Washington Boulevard, West of Hoover Street and East of Vermont Avenue.
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Sale History for 1425 W 18Th St

Last sold for $1,075,000 on December 16th, 2022
  • December, 2022

  • Dec 16, 2022

    Date

    Sold

    CRMLS: 22165693

    $1,075,000

    Price

  • Jun 8, 2022

    Date

    Active

    CRMLS: 22165693

    $1,195,000

    Price

  • September, 2020

  • Sep 9, 2020

    Date

    Sold (Public Records)

    Public Records

    $285,000

    Price

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Tax History for 1425 W 18Th St

Assessed Value (2020): $39,614
Year Land Value Improved Value Assessed Value
2020 $16,561 $23,053 $39,614

Home Value Compared to the Market

This property vs the competition

1425 W 18Th St sold on December 16, 2022 for 15.62% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $336.78 per/sqft which puts the price per square foot 57.42% lower than the current median sale per square foot for the city of Los Angeles.

About 1425 W 18Th St

Detailed summary of property

1425 W 18Th St is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 3,192 living square feet, and sits on an approximately 3,980 square foot lot. 1425 W 18Th St was first listed on ArdentRealEstateGroup.com on June 8, 2022. The homeowner sold the property for $1,075,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 15.62% lower than the current median priced home. Local homes that are currently for sale include 1020 S Westlake Ave, 2104 Park Grove Ave and 1232 S Kenmore Ave. While the average home in Los Angeles, CA is selling in 100 days, 1425 W 18Th St has a days on market of 155 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 1425 W 18Th St Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1425 W 18Th St

Public county record property details
Beds
4
Baths
4
Year built
1914
Sq. Ft.
3,192
Lot Size
3,979
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
35
APN
5056-010-019

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$604
Median Sold Price
$299,000
Median Sold Price/Sq.Ft.
$650
Total Inventory
45
Median Sale to List Price %
100%
Avg Days on Market
13
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Related Resources to 1425 W 18Th St

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.