NOT LISTED FOR SALE

1818 N Broadway Los Angeles, CA 90031

Lincoln Heights Neighborhood
15 Beds
15 Baths
4,142 Sq Ft
7,414 Sq Ft Lot

Last Sold July 01, 2024

Last sale price $1,350,000 $326 Per Sq Ft

84 Days on Market

About This Home

As of July 2024

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.

Last Agent to Sell the Property

David Weinberger

Keller Williams Studio City License #01349349 Listed on: 03/01/2024

Keller Williams Studio City

Co-Listed By

Megan Husri

Keller Williams Studio City License #02089901

Last Buyer's Agent

Hugh Gehrke

Keller Williams Beverly Hills License #01711642

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1897

Lot Details

  • 7,414

Interior Spaces

  • 4,142 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 15 Bathrooms

Parking

  • 14 Parking Spaces
  • Uncovered Parking
  • Assigned Parking

Additional Features

  • 7,414 Sq Ft Lot
  • City Lot
  • Cooling System Mounted To A Wall/Window

Community Details

  • 2 Buildings
  • 18 Units

Listing and Financial Details

  • Assessor Parcel Number 5447-025-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Unknown
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4142
  • Lot Acreage: 0.1702
  • Stories: 2
  • Year Built: 1897
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 15.00
  • Den: 0
  • Price Per S Q F T: 470.79

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Assigned, Uncovered
  • Total Parking: 14

Utilities

  • Cooling: Wall/Window

Lot Info

  • Assessed Improvement Percent: 48.24
  • Assessed Improvement Value: 274647
  • Assessed Land Percent: 51.76
  • Assessed Land Value: 294745
  • Total Assessed Value: 569392
  • Assessor Parcel Number: 5447-025-006
  • Lot Description: Street Paved, Sidewalks
  • Lot Location: City
  • Lot Size Area: 7414

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 8.90
  • Number Of Units: 18
  • Total Annual Expense: 85833
  • Type Of Units: 2
  • Vacancy Rate: 6

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2024 07/01/24 Sold $1,350,000 -30.8% $326 / Sq Ft
05/24/2024 05/24/24 Pending -- -- --
03/01/2024 03/01/24 For Sale $1,950,000 -- $471 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Weinberger

    Seller's Agent in 2024

    David Weinberger

    Keller Williams Studio City

    (818) 970-0915

    1 in this area

    70 Total Sales

    Section Image
  • Megan Husri

    Seller Co-Listing Agent in 2024

    Megan Husri

    Keller Williams Studio City

    (310) 775-7529

    1 in this area

    85 Total Sales

    Section Image
  • Hugh Gehrke

    Buyer's Agent in 2024

    Hugh Gehrke

    Keller Williams Beverly Hills

    (310) 770-1713

    1 in this area

    10 Total Sales

    Section Image

  • S

    Buyer Co-Listing Agent in 2024

    Sydney Nicole

    The Agency

    (818) 669-8195

    1 in this area

    2 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 24-364065

The MLS

California Los Angeles County Los Angeles 90031 Lincoln Heights

1818 N Broadway, Los Angeles, CA

This home is located at 1818 N Broadway, Los Angeles, CA 90031 since 01 March 2024. This property was built in 1897. 1818 N Broadway is a home located in Los Angeles County with nearby schools including Albion Street Elementary School, Florence Nightingale Middle, and Abraham Lincoln High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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