Property Back to Market Report Property

214 S Avenue 18, Los Angeles, CA 90031

$994,000
6
BD
4
BA
2,066
SqFt
Property Back to Market Report Property
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Sold Price
$994,000
List Price
$1,100,000
Closing Date
Apr 01, 2026
MLS#
26641345
Year Built
1923
Bedrooms
6
Bathrooms
4
Living Sq. Ft
2,066
Lot Size
4,113
Days on Market
14
Property Type
Multifamily
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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.

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Additional Information

Other Buildings
None
Heat
Other
Cooling
Other
Number of Cars in Garage
Other
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Courtesy of Marcus & Millichap, Jason Tuvia - CA DRE#01772495 Selling Office: .

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