1 month on rocket

1818 N Broadway Unit M, Los Angeles, CA, 90031

$1,950,000

Home List Price

$10,000*

Closing Credit

15 Bedrooms
15 Baths
4,142 SqFt
$471/SqFt
House
Schools Nearby

Location

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1818 N Broadway Unit M, Los Angeles$1,950,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingAssigned, Uncovered
Year Built1897
CoolingWall/Window Unit(s)
MLS #24364065
Lot Size0.17 Acres
StatusActive

About 1818 N Broadway Unit M

6 Units and commercial retail unit Delivered Vacant! 1818 N Broadway presents an exceptional opportunity for investors in Lincoln Heights. This well-maintained two-story apartment building, steeped in history with its construction dating back to 1897, spans 4,142 square feet and comprises 18 residential units alongside a retail space, all set on a generous 7,412-square-foot lot, complete with 14 parking spaces. Designed to cater to a diverse range of tenants, the unit mix includes (15) Bachelors ( 2) 1-bedroom + 1-bathroom units, (1) Studio, and a commercial unit, ensuring broad appeal to prospective tenants. With 6 vacancies currently available, you can seize the opportunity to implement a value-add strategy and elevate the property to its full potential. 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. Participation in programs like the Section 8 Housing initiative through entities such as HACLA or PATH further enhances the property's appeal. 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. * 323 N. Soto St. can be purchased with 2221 Michigan Ave. & 1818 N. Broadway as a portfolio.

Property Details

Property Features

Property Information:

  • Year Built: 1897
  • Stories: 2
  • Living Area: 4,142 SqFt

Listing Office:

  • Office Name: Keller Williams Studio City
  • Office Phone: (818) 432-1500
  • Listing Agent: David Weinberger

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 15

Exterior Features

Parking Information:

  • Parking: Assigned, Uncovered

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Abraham Lincoln Senior High School, Public Magnet Grades 9-12
  • Woodrow Wilson Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Florence Nightingale Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Albion Street Elementary School, Public District Grades KG-6
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: Cross Streets: N Broadway & S Ave 19

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,950,000
  • Price Per SqFt: $471/SqFt
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

1818 N Broadway Unit M vs Los Angeles

57 DAYS ON ROCKET

+23 Days

$1,950,000

+$974K More

$471/SqFt

-$157 Less

KEY TAKEAWAY

This property is $974K more than the Median Sold Price and $157/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24364065

Listing Office:

  • Office Name: Keller Williams Studio City
  • Office Phone: (818) 432-1500
  • Listing Agent: David Weinberger

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 10:25:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$9,800

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,913

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1656229
4
/10

  • Albion Street Elementary School

  • 322 S Avenue 18

  • 0.18 miles

  • Public District Grades KG-6

school-card-donut-1656230
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 7.14 miles

  • Public Magnet Grades KG-6

school-card-donut-1656231
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 25.01 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-1656232
4
/10

  • Florence Nightingale Middle School

  • 3311 N Figueroa St

  • 1.12 miles

  • Public District Grades 6-8

school-card-donut-1656233
4
/10

  • Studio

  • 2211 W Avenue 30

  • 2.43 miles

  • Public District Grades 6-8

High School

school-card-donut-1656234
5
/10

  • Abraham Lincoln Senior High School

  • 3501 N Broadway

  • 1.03 miles

  • Public Magnet Grades 9-12

school-card-donut-1656235
4
/10

  • Woodrow Wilson Senior High School

  • 4500 Multnomah St

  • 2.02 miles

  • Public Magnet Grades 9-12

school-card-donut-1656236
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 2.42 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,553. Residents of Los Angeles, CA typically earn less than $35k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1818 N Broadway Unit M

What is the listing price of this property?

The listing price of 1818 N Broadway Unit M property is $1,950,000.

What type of property is this?

The property 1818 N Broadway Unit M is a house located in Los Angeles, California, 90031.

Is this property for sale now?

Active Listing: 1818 N Broadway Unit M is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1818 N Broadway Unit M are:
Albion Street Elementary School: GreatSchools Rating 4/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Point Fermin Elementary School: GreatSchools Rating 6/10
Florence Nightingale Middle School: GreatSchools Rating 4/10
Studio: GreatSchools Rating 4/10
Abraham Lincoln Senior High School: GreatSchools Rating 5/10
Woodrow Wilson Senior High School: GreatSchools Rating 4/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10

How many bedrooms and bathrooms does this property have?

The property at 1818 N Broadway Unit M has 15 bedrooms and 15 bathrooms.

What is the square footage of this property?

The property 1818 N Broadway Unit M is 4,142 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1818 N Broadway Unit M is 1897.

Rocket Homes›California›Los Angeles County›Los Angeles›90031›1818 N Broadway Unit M

This home is located at 1818 N Broadway Unit M in Los Angeles, CA and zip code 90031 in the Lincoln Heights neighborhood. This 4,142 square foot home, which was built in 1897, sits on a 0.17 acre lot. Features: 15 bedrooms, 15 bathrooms. It has been listed on Rocket Homes since March 02, 2024 and is currently priced at $1,950,000.

Over 628 listings were sold over their listed price in March 2024 in Los Angeles, CA. In the same period over 579 listings were sold below the listed price and 196 listings were sold for the listed price. The inventory of homes for sale in Los Angeles, CA between February 2024 and March 2024 increased by 10.8%. The median list price of listings available in March 2024 was $975,970, while the average time on the real estate market was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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