CA > Los Angeles
Los Angeles, CA 90039,1818 Ripple St
Los Angeles, CA 90039,1818 Ripple St
Los Angeles, CA 90039,1818 Ripple St
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$1,749,000
Est. payment /mo
6 Beds
8 Baths
4,640 SqFt
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UPDATED:

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

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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Kirshner Elkin Properties

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