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1818 N Broadway Los Angeles, CA 90031
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Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,142 sqft
Price per Sqft $325
MLS Listing ID 24-364065
Sold Date 07/01/24
Style Unknown
Bedrooms 15
Year Built 1897
Lot Size 7,414 Sqft
Acres 0.1702
Property Description
1818 N Broadway presents an exceptional opportunity for investors in Lincoln Heights. This two-story apartment building, steeped in history with its construction dating back to 1897, spans 4,142 square feet and comprises residential units alongside a retail space, all set on a generous 7,412-square-foot lot. 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. 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.
Location
State CA
County Los Angeles
Area Lincoln Heights
Zoning LAUV(CA)
Rooms
Other Rooms Other
Dining Room 0
Interior
Heating Other
Cooling Wall/Window
Equipment Other
Exterior
Garage Assigned, Uncovered
Garage Spaces 14.0
Building
Lot Description Street Paved, Sidewalks
Story 2
Architectural Style Unknown
Level or Stories Two
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Keller Williams Beverly Hills