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Jeffrey Bullock
[email protected]$ 1,100,000
Est. payment /mo
New
214 S Avenue 18 Los Angeles, CA 90031
6 Beds
4 Baths
2,066 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,066 sqft
Price per Sqft $532
MLS Listing ID 26641345
Bedrooms 6
HOA Y/N No
Year Built 1923
Lot Size 4,112 Sqft
Property Description
We are pleased to present both a 4-unit apartment building and vacant land located at 214-218 S Avenue 18 in Los Angeles, California. It is located in a good Lincoln Heights location, north of Main St and west of Griffin Ave. This well-located Lincoln Heights property offers a rare development and value-add opportunity on a large 12,119 SF double lot with two separate APNs, zoned LARD1.5. The site includes an existing 2,066 SF fourplex comprised of two one-bedroom and two two-bedroom bungalow-style units. Two units are currently vacant, while one additional unit is occupied by the seller's family and will be delivered vacant upon sale, providing near-term upside. Buyers can renovate the vacant units and explore redevelopment options on the vacant land, including potential ED1 or market-rate housing, subject to LADBS verification. Priced at approximately $90 per total land SF, the property benefits from excellent access to major commercial corridors including North Broadway, Spring Street, and Main Street, supporting long-term investment appeal. Overall, the vacant units and land provide a clear value-add pathway, offering immediate upside through renovation and the potential to further maximize density and returns through redevelopment of the vacant lot.
Location
State CA
County Los Angeles
Area 677 - Lincoln Hts
Zoning LARD1.5
Interior
Fireplace No
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5447025012
Special Listing Condition Standard

Listed by Jason Tuvia Marcus & Millichap
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