$1,950,000
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1818 N Broadway Los Angeles, CA 90031
15 Beds
15 Baths
4,142 SqFt
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,142 sqft
Price per Sqft $325
MLS Listing ID 24364065
Bedrooms 15
Year Built 1897
Lot Size 7,413 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area 677 - Lincoln Hts
Zoning LAUV(CA)
Interior
Cooling Wall/Window Unit(s)
Exterior
Parking Features Assigned, Uncovered
Building
Story 2
New Construction No
Others
Special Listing Condition Standard
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Bought with Hugh Gehrke • Keller Williams Beverly Hills