2405 W. 18th Street is 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… Read More 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 5.92% 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., William James 310-259-7556
Listing Snapshot
Days Online
37
Last Updated
Beds
29
Square Ft.
17,241
Lot Size
0.29 Acres
Year Built
1963
MLS Number
25630389
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1963, Living area: 17241.0, 1 building, Building faces East, 3 stories, Levels: MultiSplit, Entry level: 1, Entry location: Ground Level w/steps, Construction Materials: Stucco
Cooling
WallWindowUnits
Fireplaces
None
Heating
WallFurnace
Income
Gross Income: $400,854, Net Operating Income: $238,599
Laundry
CommonArea
Lot
0.2895 acres
Parking
19 total parking spaces, Assigned, Covered, Carport, Private
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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