Thank you
David Weinberger
Keller Williams Studio City
818-432-1500
6 Units and commercial retail unit Delivered Vacant! 1818 N Broadway presents an exceptional opportunity for investors in Lincoln Heights. This well-maintained two-story apartment building, steeped in history with its construction dating back to 1897, spans 4,142 square feet and comprises 18 residential units alongside a retail space, all set on a generous 7,412-square-foot lot, complete with 14 parking spaces. Designed to cater to a diverse range of tenants, the unit mix includes (15) Bachelors ( 2) 1-bedroom + 1-bathroom units, (1) Studio, and a commercial unit, ensuring broad appeal to prospective tenants. With 6 vacancies currently available, you can seize the opportunity to implement a value-add strategy and elevate the property to its full potential. By undertaking targeted renovations of individual units and common areas, you can position the asset to command premium market rental rates, offering flexibility for short-term and long-term tenancy arrangements. Participation in programs like the Section 8 Housing initiative through entities such as HACLA or PATH further enhances the property's appeal. Strategically located in vibrant Lincoln Heights, a historic neighborhood known for its diverse community, rich cultural heritage, and architectural landmarks. Situated northeast of Downtown LA, Lincoln Heights offers a blend of residential charm, bustling commercial areas, and easy access to transportation hubs. Residents have convenient access to several nearby employment centers in Los Angeles. These include Downtown LA, which is just a short distance away and offers diverse employment opportunities in finance, technology, hospitality, and more. The nearby Arts District is known for its creative industries, including art galleries, studios, and tech startups. * 323 N. Soto St. can be purchased with 2221 Michigan Ave. & 1818 N. Broadway as a portfolio.
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Total Bedrooms : 15
Total Baths: 15
Full Baths: 0
Half Baths: 0
Wall/Window Unit(s)
Air Conditioning
Year Built: 1897
Building Area Total: 4,142
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1702
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7414
Original List Price: 1,950,000
Listing Contract Date: 2024-03-01
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5447025006
Garage Description: Assigned,Uncovered
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 677 - Lincoln Hts
Postal Code Plus 4: 2525
Directions: Cross Streets: N Broadway & S Ave 19
Zoning: LAUV(CA)
Source Property Type: Residential Income
Area: 677 - Lincoln Hts
Property Age: 127
Year Built Source: Vendor Enhanced
Total Square Feet Living: 4142
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
3938 Latrobe Street, Los Angeles, CA,90031 | $699,000 | -- | -- | -- | 34350 Sqft |
1390 Abrigo Avenue, Los Angeles, CA,90031 | $380,000 | -- | -- | -- | 9657 Sqft |
2856 Eva Terrace, Los Angeles, CA,90031 | $99,000 | -- | -- | -- | 14907 Sqft |
1311 Abrigo Ave, Los Angeles, CA,90031 | $380,000 | -- | -- | -- | 11803 Sqft |
2152 Duvall Street, Los Angeles, CA,90031 | $880,000 | 3 | 3 | 1,207 | 5107 Sqft |
Clifton Street, Los Angeles, CA,90031 | $180,000 | -- | -- | -- | 7210 Sqft |
4000 N Elderbank Drive, Los Angeles, CA,90031 | $95,000 | -- | -- | -- | 4456 Sqft |
2415 Gates Street, Los Angeles, CA,90031 | $848,888 | 5 | -- | 2,161 | 7200 Sqft |
2713 Darwin Avenue, Los Angeles, CA,90031 | $799,000 | 4 | 4 | 2,697 | 7407 Sqft |
1927 Johnston Street, Los Angeles, CA,90031 | $1,749,000 | 9 | 6 | 3,394 | 7045 Sqft |
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ByOwner last updated this listing 05/19/2024 @ 14:10
MLS: 24364065
LISTED BY: David Weinberger, Keller Williams Studio City
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.