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1918 Grace Ave, Los Angeles, CA 90068
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1918 Grace Ave Los Angeles, CA 90068

$3,100,000 Sold Price as of 10/21/2022
  • 18 Beds
  • 18 Baths
  • 10,588 Sq.Ft.
Sold
$3,100,000 Sold Price as of 10/21/2022 Refinance Your Mortgage
Map preview of 1918 Grace Ave, Los Angeles, CA 90068

Property Overview: 1918 Grace Ave Los Angeles, CA has 18 bedrooms, 18 bathrooms, 10,588 living square feet and 10,399 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 1918 Grace Avenue, an 18 unit apartment building located in the heart of Hollywood. The subject property is conveniently located near major dining and entertainment destinations such as the Hollywood Farmer's Market, Mama Shelter, Trejo's Cantina, The Dolby Theater and The Hollywood Bowl.The 10,588 sf two-story building sits on a 10,399 sf lot and is comprised of (18) one bedroom and one bathroom units. The subject property is ready for a new investor to take full advantage of its upside potential.

Listed by Mark Konopaske | BRE #00960857 | Mark Konopaske
Co-listed by Michael Fiorina | BRE #00996764 | Total Commercial Real Estate, Inc.
Last checked: 15 minutes ago | Last updated: October 1st, 2023 | Source CRMLS | DOM: 33

Home details

Lot Sq. Ft
10,399
HOA Dues
$0/mo
Year built
1910
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22175881
City
Los Angeles
County
Los Angeles
Time on Site
652 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 18
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,233
  • Total Rent: $22,199
  • Pro Forma/Market Rent: $34,110
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.61%
  • Gross Rent Multiplier: 14.75
  • Gross Scheduled Income: --
  • Net Operating Income: $144,342
  • Gross Operating Income: $271,149
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1918 Grace Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Interior Features
  • Levels: Three Or More
  • Security Features: Gated Community, Resident Manager, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Uncovered, Assigned, Gated
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights, Panoramic
  • Total # of Units: 18
  • Parcel Number: 5575002013
  • Year Built Source: Assessor
  • Entry Level: 3
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: From 101 FWY, Turn West on Franklin Ave, Turn North on Grace Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 1918 Grace Ave

Last sold for $3,100,000 on October 21st, 2022

  • October, 2023

  • Oct 1, 2023

    Date

    Expired

    CRMLS: 23282523

    $1,913

    Price

  • Jun 30, 2023

    Date

    Active

    CRMLS: 23282523

    $2,200

    Price

  • Listing provided courtesy of CRMLS

    ** Rent is $2,295 with 2 months of free rent with a 10/1 move-in date** A beautifully updated mid-century building with available remodeled units in Hollywood, California. This unit has great views, oak flooring, recessed lighting, new cabinets, Caesar stone countertops, stainless steel appliances like a Whirlpool refrigerator and Samsung oven (using wifi), also included is hall closet with stackable laundry, shower/tub combo, electric mirror with light, wall AC units, and parking space in this street facing unit. Nearby attractions include The Bowl, Capitol Records, Sunset & Vine, Dolby, TCL Chinese and Pantages theaters, as well as Hollywood Boulevard's Walk of Fame. The Hollywood Sign, Runyon Canyon, and Universal Studios. The (101), (170), and (134) freeways are nearby. Water, Trash, Sewage are covered by the Landlord. Tenant covers Electricity, Gas, WiFi & Cable. Renter's insurance is also required. Please inquire about the pet policy.

  • September, 2023

  • Sep 28, 2023

    Date

    Expired

    CRMLS: 23282524

    $2,120

    Price

  • Jun 27, 2023

    Date

    Active

    CRMLS: 23282524

    $2,475

    Price

  • Listing provided courtesy of CRMLS

    ** Rent is $2,545 with 2 months of free rent with a 10/1 move-in date** A beautifully updated mid-century building with available remodeled units in Hollywood, California. This unit has 9' ceilings, oak flooring, recessed lighting, new cabinets, Caesar stone countertops, stainless steel appliances like a Whirlpool refrigerator and Samsung oven (using wifi), also included is hall closet with stackable laundry, shower/tub combo, electric mirror with light, wall AC units, and parking space in this street facing unit. Nearby attractions include The Bowl, Capitol Records, Sunset & Vine, Dolby, TCL Chinese and Pantages theaters, as well as Hollywood Boulevard's Walk of Fame. The Hollywood Sign, Runyon Canyon, and Universal Studios. The (101), (170), and (134) freeways are nearby. Water, Trash, Sewage are covered by the Landlord. Tenant covers Electricity, Gas, WiFi & Cable. Renter's insurance is also required. Please inquire about the pet policy.

  • September, 2023

  • Sep 28, 2023

    Date

    Expired

    CRMLS: 23282521

    $1,746

    Price

  • Jun 27, 2023

    Date

    Active

    CRMLS: 23282521

    $2,017

    Price

  • Listing provided courtesy of CRMLS

    ** Rent is $2,095 with 2 months of free rent with a 10/1 move-in date** A beautifully updated mid-century building with available remodeled units in Hollywood, California. This lower level unit has new oak flooring, recessed lighting, new cabinets, Caesar stone countertops, stainless steel appliances like a Whirlpool refrigerator and Samsung oven (using wifi), also included is hall closet with stackable laundry, shower/tub combo, electric mirror with light, wall AC units, and parking space in this street facing unit. Nearby attractions include The Bowl, Capitol Records, Sunset & Vine, Dolby, TCL Chinese and Pantages theaters, as well as Hollywood Boulevard's Walk of Fame. The Hollywood Sign, Runyon Canyon, and Universal Studios. The (101), (170), and (134) freeways are nearby. Water, Trash, Sewage are covered by the Landlord. Tenant covers Electricity, Gas, WiFi & Cable. Renter's insurance is also required. Please inquire about the pet policy.

  • October, 2022

  • Oct 21, 2022

    Date

    Sold

    CRMLS: 22175881

    $3,100,000

    Price

  • Jul 6, 2022

    Date

    Active

    CRMLS: 22175881

    $4,000,000

    Price

  • August, 2019

  • Aug 29, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1918 Grace Ave

Assessed Value (2020): $241,094
Year Land Value Improved Value Assessed Value
2020 $110,046 $131,048 $241,094

Home Value Compared to the Market

This property vs the competition

1918 Grace Ave sold on October 21, 2022 for 236.13% higher 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 $377.79 per/sqft which puts the price per square foot 49.96% lower than the current median sale per square foot for the city of Los Angeles.

About 1918 Grace Ave

Detailed summary of property

1918 Grace Ave is a multi family that recently sold in Los Angeles, CA 90068. This multi family property offered 18 bedrooms, 18 bathrooms, roughly 10,588 living square feet, and sits on an approximately 10,399 square foot lot. 1918 Grace Ave was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $3,100,000. 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 236.13% higher than the current median priced home. Local homes that are currently for sale include 444 N Lucerne Blvd, 5345 La Mirada Ave and 5380 Romaine St. While the average home in Los Angeles, CA is selling in 94 days, 1918 Grace Ave has a days on market of 33 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1918 Grace Ave Los Angeles, CA 90068 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1918 Grace Ave

Public county record property details
Beds
18
Baths
18
Year built
1910
Sq. Ft.
10,588
Lot Size
10,399
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
5575-002-013

The source for these homes facts are from public records.

90068 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,095,000
Median List Price/Sq.Ft.
$874
Median Sold Price
$2,100,000
Median Sold Price/Sq.Ft.
$897
Total Inventory
158
Median Sale to List Price %
112%
Avg Days on Market
31
Loan Type
Conventional (9.68%), FHA (3.23%), VA (0%), Cash (9.68%), Other (0%)

Thinking of Selling?

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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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