1818 North Broadway, Unit M
1818 North Broadway, Unit M
$1,950,000
15
15
4,142
4,142
$471
Description
6 Units and commercial retail unit Delivered Vacant! 1818 N Broadway presents an exceptional opportunity for investors in Lincoln Heights. This well-maintained two-story apartment building, steeped in history with its construction dating back to 1897, spans 4,142 square feet and comprises 18 residential units alongside a retail space, all set on a generous 7,412-square-foot lot, complete with 14 parking spaces. Designed to cater to a diverse range of tenants, the unit mix includes (15) Bachelors...6 Units and commercial retail unit Delivered Vacant! 1818 N Broadway presents an exceptional opportunity for investors in Lincoln Heights. This well-maintained two-story apartment building, steeped in history with its construction dating back to 1897, spans 4,142 square feet and comprises 18 residential units alongside a retail space, all set on a generous 7,412-square-foot lot, complete with 14 parking spaces. Designed to cater to a diverse range of tenants, the unit mix includes (15) Bachelors ( 2) 1-bedroom + 1-bathroom units, (1) Studio, and a commercial unit, ensuring broad appeal to prospective tenants. With 6 vacancies currently available, you can seize the opportunity to implement a value-add strategy and elevate the property to its full potential. 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. Participation in programs like the Section 8 Housing initiative through entities such as HACLA or PATH further enhances the property's appeal. 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. 323 n. Soto St. can be purchased with 2221 Michigan Ave. & 1818 N. Broadway as a portfolio.
- Listed by David Weinberger • DRE #01349349 • Keller Williams Studio City
- Listed by Megan Husri • DRE #02089901 • Keller Williams Studio City
Property Details for 1818 North Broadway, Unit M
Zoning
LAUV(CA)
StyleUnknown
Parcel Number5447025006
Total Units18.0
Living Area4142
Source Living AreaVendor Enhanced
AreaLincoln Heights (677)
Vacancy Rate6
Location
LISTING UPDATED: 03/09/2024 12:01 AM
Property Details for 1818 North Broadway, Unit M
Status | Active |
---|---|
MLS # | 24-364065 |
Days on Market | 81 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1897 |
Lot Size | 0.17 AC / 7,414 SF |
County | Los Angeles County |
Location
Building Information for 1818 North Broadway, Unit M
Stories2Residences-Year Built1897Building Size-Lot Size0.17 AC / 7,414 SF
Payment Calculator
$10,642 per month
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Property Information for 1818 North Broadway, Unit M
Property History for 1818 North Broadway, Unit M
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1818 North Broadway, Unit M
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Albion Street Elementary School PublicK to 6 | ||
Florence Nightingale Middle School Public6 to 8 | ||
Woodrow Wilson Senior High School Public9 to 12 | ||
Abraham Lincoln Senior High School Public9 to 12 |
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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