$2,750,000

2442 W 18th Street, Los Angeles, CA 90019

8,431 sqft

other
Built in 1937
0.27acre lot
—— car garage
$326/sqft
Listed 11 days ago

Property Description

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!

Listing Status:: Active
Date Added:: June 2, 2026
Data Last Updated:: June 14, 2026 at 1:06AM
Listing Office:: Sotheby's International Realty : 310-481-6262
Listing Agent:: Mathew Bahri : 310-259-0506
MLS ID:: CL26840475

Flooring: Wood
Heating: Other

Parking: AssignedOtherUncovered Parking Space

General: Stucco

County: Los Angeles

Zoning: LAR35073018019

Water: Other

This listing courtesy of Mathew Bahri , Sotheby's International Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.