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House Los Angeles (United States)by sotheby's international realty - brentwood brokerage
House purchase in Los Angeles (United States) - White building facade, access ramp, garden
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HouseLos Angeles (United States)
Price :
$2,750,000
bedrooms15 land1,078 m²

Why this property will seduce you

  • Prime Location: Heart of Mid-City/West Adams, near major employment centers.
  • Classic Architecture: Original charm with period moldings and hardwood floors.
  • Development Potential: Large lot offers expansion possibilities and ADU opportunities.
Pleased to Present this great Income-Producing Multifamily Opportunity in the heart of Mid-City/West Adams adjacent to Arlington Heights in Los Angeles. Featuring two separate buildings of approx. 8431 SF on a large 11,600 SF, LAR3-Zoned lot. With Two addresses: 1805 S. Gramercy Place & 2442 W. 18th Street with one APN, this well-maintained 7-unit property offers strong in-place income with additional value-add & Development Potential. Built in 1937, Subject Property consists of a fourplex featuring four spacious 2+1 units and a separate triplex comprised of three attached townhome-style residences. The buildings showcase classic architectural character with period crown moldings, hardwood flooring throughout, abundant natural light, and updated windows throughout the property. Ownership has completed renovations to 2 of the 7 units while preserving the property's original charm. The most recent updates are the staircase on the side of the building & installation of individual Gas shut-off Valves. Six residences are equipped with in-unit washer and dryers. Individually metered for gas and electricity. Contact the listing agent for additional details. 7 Assigned parking spaces on site on a rebuilt Parking Area. The expansive lot allows the rear portion a potential for additional development, including possible ADU construction (buyer to independently verify all development possibilities, zoning requirements, and approvals with the City of Los Angeles). Ideally situated within approximately 2.5 miles of USC, Downtown Los Angeles, LA Live, Crypto.com Arena, and numerous employment, entertainment, and transportation hubs. This property presents an outstanding opportunity for investors seeking stable cash flow. One unit Vacant (currently on the Market for lease at $ 2850.00...). This is a Straight Sale with No 1031 Exchange as long time Sellers are retiring!
Advertiser reference : QTK8YZLe Figaro Properties reference : 104434767

Its assets

Assets detected by AI

  • Garage & Parking
  • Washing machine
  • Tumble dryer

In detail

* : Information not provided by the advertiser

House Los Angeles (United States)

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House purchase in Los Angeles (United States) - White building facade, access ramp, garden
White house with garden and palm trees in this luxury house for sale in Los Angeles ($2,750,000)
White house with garden and car - Prestige house for sale in Los Angeles, 15 bedrooms
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Ask for more information to:

Mathew Bahri

sotheby's international realty - brentwood brokerage
11911 San Vicente Blvd Ste 20090049 Los Angeles (United States) All the listings of this agency

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Do you have a property to sell?

By confirming this form, I agree to the General Usage Terms & Conditions of Figaro Properties.
The data entered into this form is required to allow our partner Sotheby’s International Realty to respond to your contact request by email/SMS concerning this real estate advertisement and, if necessary, to allow Figaro Classifieds and the companies belonging to its parent Group to provide you with the services to which you have subscribed, e.g. creating and managing your account, sending you similar real estate advertisements by email, proposing services and advice related to your real estate project.

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