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1918 Grace Avenue

Los Angeles, CA 90068
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Bed 18

Bed

Bath 18

Bath

SqFt10,588

Sqft

SqFt10,402

Sqft(Lot)

The Grace Apartments is an outstanding investment with huge upside potential. 1918 N Grace Ave sits in an A+ north-of-Hollywood Boulevard enclave, where premier lifestyle amenities and consistent rental demand converge. The gated property comprises 18 one-bedroom units, offered at $227,500 per unit, with an in-place 5.6% cap rate and upside to approximately 10.5%. The building features an authentic Hollywood-cool architectural presence, abundant natural light, and curated exterior artwork by Keene Visions, reinforcing its creative appeal and neighborhood character.Positioned moments from the Hollywood Bowl, Franklin Village, major film and television studios, and a deep roster of dining and entertainment destinations, the asset consistently attracts young professionals and creative-industr y tenants. Additional highlights include 10 gated on-site parking spaces and a Walk Score of 96,placing the property among the most walkable residential locations in Los Angeles.From an operational standpoint, the property offers immediate income growth. Eight of the 18 units have been renovated, with select units featuring in-unit laundry,supporting meaningful rent premiums. For investors evaluating subsidized rental strategies, HACLA payment standards in the desirable 90068 zip code reach up to$2,805 for a one-bedroom. Even at a conservative $2,595 pro forma rent, the property reflects approximately 50% rental upside. Long-term residents further enhance stability while providing a predictable path to incremental rent growth as units naturally turn. The expansive 10,399 sq. ft. R4 lot, combined with open yard areas and elevated topography, creates the potential to add up to eight detached ADUs with panoramic city views. This unlocks multiple value-add strategies, from yield enhancement through additional rental units to longer-term redevelopment potential. 1918 N Grace Ave delivers a rare combination of character, cash flow, rental upside, and expansion potential in one of Hollywood's most coveted sub-markets. Few multifamily opportunities offer this level of existing income, built-in growth, and long-term flexibility making it an exceptional acquisition for both yield-focused buyers and strategic investors seeking a flagship asset in core Hollywood's premier 90068 pocket. This 18-unit Hollywood apartment building in an A+ north-of-the-Boulevard location (96 walk score) on a 10,399 SF lot, featuring spacious one-bedroom units with city views. Strong in-place valuation at $227k/unit and a 5.6% Cap Rate and 11.2 GRM, with upside to a 10.5% Cap Rate Significant value-add potential with room for eight detached ADUs to further boost long-term revenue and overall return

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $4,095,000

AD Id : 88297370

MLS Id : 26862371

Beds : 18

Lot Size : 10,402 Sqft

Living Area Size : 10,588

Year Built : 1910

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 18

    Bathroom Information

    Total Baths: 18

    Flooring Information

    Wood
  • Interior Features

    Appliances: Refrigerator
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace

  • Building Information

    Year Built: 1910
    Building Area Total: 10588
    Construction Materials: Frame, Stucco
    Patio And Porch Features: None
    Pool Features: None
    Private Pool: No
    View: CityLights

  • Lot Information

    Main Square Feet: 10402 Lot Size Acres: 0.2388 Lot Size Square Feet: 10,402

  • Listing Price Information

    Listing Price: $4095000
    Cash

  • Tax Information

    Parcel Number: 5575002013

  • Location Information

    Direction: The Subject Property is located in the Whitley Heights area of the Hollywood Hills just a couple of minutes off both the North & South bound exits of the 101 Freeway. WaterSource: Public Security Features: GatedCommunity
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2177 Fern Dell Place, Los Angeles, CA, 90068 $4,850,000 4 5 4,064 4,064 SqFt
2216 E Live Oak Drive, Los Angeles, CA, 90068 $3,895,000 4 5 4,130 4,130 SqFt
5631 Park Oak Place, Los Angeles, CA, 90068 $2,430,000 3 3 2,283 2,283 SqFt
3147 Hollyridge Drive, Los Angeles, CA, 90068 $2,149,999 3 3 2,500 2,500 SqFt
3072 Hollyridge Drive, Los Angeles, CA, 90068 $3,699,000 4 6 3,708 3,708 SqFt
2426 Cazaux Place, Los Angeles, CA, 90068 $1,900,000 4 4 3,314 3,314 SqFt
5800 Spring Oak Terrace, Los Angeles, CA, 90068 $2,695,000 5 3 2,284 2,284 SqFt
2549 Canyon Oak Drive, Los Angeles, CA, 90068 $3,995,000 4 4 3,882 3,882 SqFt
5860 Carolus Drive, Los Angeles, CA, 90068 $2,800,000 3 4 2,185 2,185 SqFt
6105 Mulholland Highway, Los Angeles, CA, 90068 $2,250,000 3 3 2,515 2,515 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/24/2026 @ 23:58

MLS: 26862371 LISTED BY: Mark Konopaske, Mark Konopaske 213-220-9800 SOURCE: CRMLS

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