2405 W 18th St - Apartments FOR SALE


Los Angeles, CA 90019- Harvard Heights
$4,100,000 USD
310-467-7581
2405 W 18th St, Los Angeles, CA for Sale
$4,100,000 USD
Apartments - FOR SALE
1/12
null | 5.82% Cap Rate

2405 W 18th St
Los Angeles, CA 90019
Harvard Heights


HIGHLIGHTS

  • 19 Units totaling approximately 17,241 sf, resulting in average unit size of roughly 907 sf offering spacious floor plans
  • Great unit mix consisting of (9) 1 bed, 1 bath and (10) 2 bed, 1 bath units.
  • In-place net operating income supports approx. 70% LTV
  • Approximately 29% upside in rents
  • Great location adjacent to Koreatown
  • Ample parking for 19 vehicles

OVERVIEW

The James Group is proud to present 2405 W. 18th Street, a compelling multifamily investment opportunity characterized by large units, an excellent unit mix, and strong in-place cash flow. The property is located in a high-demand Los Angeles rental pocket benefiting from consistent tenant demand and limited competing supply. The property features a desirable unit mix of ten (10) two-bedroom units and nine (9) one-bedroom units, offering larger-than-average floor plans that appeal to long-term renters. The balanced mix and generous unit sizes provide durability across market cycles and position the asset favorably for sustained occupancy and rent growth. From an investment standpoint, the property is offered at an exceptionally low price per square foot of approximately $238 with strong in-place cash flow metrics, including a 10.25 GRM and a 5.82% capitalization rate. Additionally, the property offers approximately 29% upside in rents and potential to add accessory dwelling units (ADUs) pursuant to Senate Bill 1211, subject to buyer verification. The attractive going-in yield supports favorable purchase financing and provides investors with immediate income alongside meaningful long-term upside.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

19

PRICE/UNIT

$215,789

CAP RATE

5.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,608 SF

ZONING

R3

APN/PARCEL ID

5073-015-011

ASK ABOUT THIS PROPERTY

Peter JamesLyon Stahl Investment Real EstateMore Info
310-467-7581

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Peter JamesLyon Stahl Investment Real EstateMore Info
310-467-7581

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.