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218 S Avenue 18
Los Angeles, CA 90031
Land For Sale
·
0.18 AC
Executive Summary
Marcus and Millichap is 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.
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.
Property Facts
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.18 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | LARD1.5 - Residential | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Commercial |
| Total Lot Size | 0.18 AC |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 - Residential |
1 Lot Available
Lot
| Lot Size | 0.18 AC |
| Lot Size | 0.18 AC |
Property Taxes
| Parcel Number | 5447-025-014 | Improvements Assessment | $0 |
| Land Assessment | $275,914 | Total Assessment | $275,914 |
Property Taxes
Parcel Number
5447-025-014
Land Assessment
$275,914
Improvements Assessment
$0
Total Assessment
$275,914
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