6-Unit Apartment
New
For Sale
$2,050,000
218 Thorne, Los Angeles, CA 90042
Los Angeles apartment property with varied unit layouts and a city-approved condo use requiring completion of the California DRE process.
Property Size7,400 SF
Days on Market7
Property Features for 218 Thorne
General Information
Standard status
Active
Size
7,400 SF
Property subtype
Apartment
Occupancy
50%
Units
Unit Mix
4 x 2BR/1.5BA, 2 x 3BR/2BA
Multifamily Units
6
Building Details
Building Size
7,400 SF
Year Built
1978
Listing Agency:
eXp Realty of Greater Los Angeles, Inc.
(310) 541-8000
Listed By:
Julian Mangine · License #02103168
Source:
Hopewayrealtygroup
Added: Aug 24
Changed: Aug 29
Last Checked: Aug 29 at 1:49PM
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 eXp Realty of Greater Los Angeles, Inc.
Investment Insights
Based on property information with market context.
Located at 218 Thorne in Los Angeles, this 1978 apartment property contains six units with a mix of two- and three-bedroom layouts. Four units have 2 bedrooms and 1.5 baths, while two units offer 3 bedrooms and 2 baths. Three units are vacant, including a recently renovated 2-bedroom unit, providing flexibility for continued rental operations or future repositioning.
The City has approved condo use for the property, although the California DRE condo-conversion process remains to be completed. The asset can continue as an apartment property while that process is evaluated and pursued. Its existing configuration supports a residential income strategy with multiple unit types and current vacancy across three units.
The City has approved condo use for the property, although the California DRE condo-conversion process remains to be completed. The asset can continue as an apartment property while that process is evaluated and pursued. Its existing configuration supports a residential income strategy with multiple unit types and current vacancy across three units.
Key Highlights
- Six‑unit apartment property built in 1978
- Unit mix includes four 2‑bedroom, 1.5‑bath units and two 3‑bedroom, 2‑bath units
- Three units are currently vacant
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,058
Businesses Nearby
Explore this area
Business Placement
Demographics for 90042, CA
58,295
Population
22,630
Households
2.6
Avg Household Size
37
Median Age
40%
College-Educated
81%
High-School Grad
4.5 sq mi
ZIP Area
12,954
Density / Sq Mi
$94,401
Median Household Income
$49,804
Median Earnings
$1,853
Median Rent
$940,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Los Angeles apartment property with varied unit layouts and a city-approved condo use requiring completion of the California DRE process.
Where is this apartment building located?
The property is located at 218 Thorne Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Six‑unit apartment property built in 1978; Unit mix includes four 2‑bedroom, 1.5‑bath units and two 3‑bedroom, 2‑bath units; Three units are currently vacant
