2460 West 18th Street

Los Angeles, CA 90019

$1,800,000
Price
13
Beds
9
Baths
9,568 Sq. Ft.
$188 / Sq. Ft.
9,568
Sq. Ft.
$188
per Sq. Ft.

Description

The property features 9,568 square feet of rentable area and is situated on an 11,632-square foot lot. The 9 - unit building is composed of 4 two-bedroom/one-bathroom units and 5 one bedroom/one-bathroom units. The building is well-maintained and offers on-site parking for tenants. The property is situated in one of the most promising locations in Los Angeles, sitting North of Washington, sandwiched between Arlington and Western. This location offers a tremendous amount of dining, shopping, and entertainment...The property features 9,568 square feet of rentable area and is situated on an 11,632-square foot lot. The 9 - unit building is composed of 4 two-bedroom/one-bathroom units and 5 one bedroom/one-bathroom units. The building is well-maintained and offers on-site parking for tenants. The property is situated in one of the most promising locations in Los Angeles, sitting North of Washington, sandwiched between Arlington and Western. This location offers a tremendous amount of dining, shopping, and entertainment destinations in walking distance of the property, while being a short commute to major employment centers such as Century City, Beverly Hills, Hollywood, and Downtown Los Angeles.2460 W 18th St offers tenants excellent proximity to some of Los Angeles' finest amenities such as Mid-Town Crossing, Target, Little Ethiopia, the World renowned shopping center, The Grove, LA County Museum of Art (LACMA) and others. Nearby grocers include Ralph's, Whole Foods Market and Sprouts. Local dining options include N/Soto, El Cholo, Roscoe's Chicken and Waffles, Kantana LA and more.

Property Details for 2460 West 18th Street

Zoning
LAR3
Parcel Number
5073018001
Total Units
9.0
Living Area
9568
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
1
Lot Size Area
11635

Location

Listing Courtesy of Fred Leeds Asset Group Inc., Chandler Rockwell, DRE #02080782
Add your commute
LISTING UPDATED: 05/17/2024 03:24 PM

Property Details for 2460 West 18th Street

StatusActive
MLS #24-387249
Days on Market34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.27 AC / 11,635 SF
CountyLos Angeles County

Location

Listing Courtesy of Fred Leeds Asset Group Inc., Chandler Rockwell, DRE #02080782
Add your commute

Building Information for 2460 West 18th Street

Stories2Residences-Year Built1922Building Size-Lot Size0.27 AC / 11,635 SF

Payment Calculator

$10,890 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,823

Property Taxes

$1,067

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2460 West 18th Street

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 4
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $152,437
  • Net Operating Income: $91,506.00
  • Gross Income: $151,237
  • Cap Rate: 4.82%
  • Gross Rent Multiplier: $12.56
  • Owner Pays: Water
  • Total Annual Expense: 57151
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2671
  • Lot Size Square Feet: 11635
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car, Driveway
  • Total Parking: 0
  • Parking Features: Garage - Two Door, Driveway
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Other
  • Flooring: Carpet, Wood Laminate
  • Equipment: Ceiling Fan, Washer, Dryer
  • Interior Features: Ceiling Fan(s)
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Shed(s), Other
Lease Terms
Lease Terms
  • Entry Date: 05-02-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $5,596.40
  • Unit Projected Rent: $11,250.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $6,006.70
  • Unit Projected Rent: $9,800.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $315,620.00
  • Assessed Improvement Percent: 33.77
  • Assessed Land Value: $618,874.00
  • Assessed Land Percent: 66.23
  • Assessed Total Value: $934,494.00

Property History for 2460 West 18th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2460 West 18th Street

Taxable ValueLand$618,874Additions$315,620Total$934,494
Tax Record2023$12,805 ($1,067 / month)
Home Facts
Total Finished SqFt9,568 SqFtAbove Grade Finished SqFt9,568 SqFtLot Size11,632 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningLAR3CountyLOS ANGELESAPN5073-018-001

Schools near 2460 West 18th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - K to 5
Charter - 5 to 8
Public - 6 to 8
Rating
School
Distance
Twenty-Fourth Street Elementary School
PublicK to 4

Crown Preparatory Academy
Charter5 to 8

Pio Pico Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2460 West 18th Street is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on April 26, 2024 by Fred Leeds Asset Group Inc., it's currently listed at $1,800,000. It has been on the market for a total of 34 days and was last sold on May 14, 2009. This listing's school district is Los Angeles Unified School District. Nearby schools include Twenty-Fourth Street Elementary School, Carson-Gore Academy Of Enviornmental Studies and Crown Preparatory Academy. 2460 West 18th Street is a 13-bed, 9-bath, 9,568 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Fred Leeds Asset Group Inc., Chandler Rockwell, DRE #02080782

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.