1818 Ripple St new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90039
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,640 sqft
Price per Sqft $376
MLS Listing ID 25562927
Style Contemporary
Bedrooms 6
Year Built 1982
Lot Size 6,043 Sqft
Acres 0.1387
Property Sub-Type Multi-Family
Property Description
Located in the heart of vibrant and fast-growing Elysian Valley, this custom-built six-unit property offers strong current income and significant upside potential. Built in 1982 and measuring a spacious 4,640 SF, the property is exempt from Los Angeles' rent stabilization ordinance and has been professionally managed and well maintained. The front two-story townhouse-style unit features 2 bedrooms and 2.5 baths and is ideal for an owner-user. Behind it are five additional units: four 1 bedroom apartments (one currently vacant) and one single. Several units have been updated with modern kitchens, bathrooms, and flooring, while others have been partially improved, offering the opportunity for further value-add. The front unit and one of the rear one-bedrooms feature vaulted ceilings, enhancing natural light and creating a more spacious, open feel. Ideally situated next to the LA River bike path, the property offers tenants convenient access to cafes, restaurants, and green spaces. The Elysian Valley Recreation Center is just steps away, adding further neighborhood appeal.The property currently generates approximately $10,508 per month, with a projected market rental potential of up to $13,800 per month when all units are at market rent. This is a rare opportunity to acquire a stabilized asset in one of Los Angeles' most desirable and trend-forward rental submarkets.
Location
State CA
County Los Angeles
Area Atwater
Zoning LAR2
Rooms
Other Rooms None
Kitchen Quartz Counters, Remodeled
Interior
Heating Wall
Cooling Wall Unit(s)
Flooring Mixed, Laminate
Equipment None
Laundry Community
Exterior
Parking Features Private, Gated, Carport, Assigned
Garage Spaces 7.0
Pool None
View Y/N Yes
View Tree Top
Roof Type Composition
Building
Story 2
Sewer In Street Paid
Water Public
Architectural Style Contemporary
Level or Stories Two
Structure Type Stucco
Others
Special Listing Condition Standard