18-Unit Apartment Building with ADU
1918 Grace Ave, Los Angeles, CA 90068
For Sale
$3,859,000
The property combines one-bedroom residences, gated parking, and an R4-zoned lot with room for additional units.
Property Size10,588 SF
Lot Size0.24 Acres
Price / SF$364.47
Days on Market117
Property Features for 1918 Grace Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Financials
Cap Rate
Gross Rent Multiplier
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
gated property
exterior artwork
in-unit laundry
open yard areas
Building Details
Building Size
Year Built
Listing Agency:
Mark Konopaske
Listed By:
Mark Konopaske · License #00960857
(213) 220-9800
Source:
Hartleighhaus
Added: Jul 15
Changed: Nov 7
Last Checked: Nov 7 at 2:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mark Konopaske
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Built in 1910, this 18-unit apartment property is configured with one-bedroom residences. Eight units have been renovated, and select apartments include in-unit laundry. The gated building has 10 on-site parking spaces and open yard areas. Its 10,399-square-foot lot is zoned R4, with stated potential to add up to eight detached ADUs. Existing units are described as having city views; the proposed ADUs are described as offering panoramic views. The property has a 6.0% in-place cap rate, with a stated potential cap rate of 10.5%, and a 10.6 GRM.
Located at 1918 Grace Ave in Los Angeles, the property has a Walk Score of 96. Nearby destinations identified include the Hollywood Bowl, Franklin Village, film and television studios, and dining and entertainment venues.
Located at 1918 Grace Ave in Los Angeles, the property has a Walk Score of 96. Nearby destinations identified include the Hollywood Bowl, Franklin Village, film and television studios, and dining and entertainment venues.
Key Highlights
- 18 one‑bedroom units; 8 have been renovated
- 10,399‑square‑foot R4 lot with potential for up to eight detached ADUs
- 10 gated on‑site parking spaces
Property Analytics
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Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
5,383
Businesses Nearby
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Business Placement
Demographics for 90068, CA
24,361
Population
14,662
Households
1.7
Avg Household Size
41
Median Age
64%
College-Educated
98%
High-School Grad
8.0 sq mi
ZIP Area
3,045
Density / Sq Mi
$101,720
Median Household Income
$71,370
Median Earnings
$2,105
Median Rent
$1,840,200
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
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Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property combines one-bedroom residences, gated parking, and an R4-zoned lot with room for additional units.
Where is this apartment building located?
The property is located at 1918 Grace Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,859,000.
What are key features of this property?
This property features: 18 one‑bedroom units; 8 have been renovated; 10,399‑square‑foot R4 lot with potential for up to eight detached ADUs; 10 gated on‑site parking spaces
