90018 Homes with Apartment Subtype

Located in the heart of Los Angeles, California, the zip code 90018 offers a vibrant and diverse community for residents to call home. Situated within Los Angeles County, this area is a part of the bustling city of Los Angeles.

One of the notable features of the real estate market in 90018 is the abundance of homes with the apartment subtype. If you're looking for a property that provides both a comfortable living space and the potential for rental income, this area has plenty to offer. Whether you're an investor looking to expand your portfolio or a homeowner seeking additional income, homes with the apartment subtype in 90018 are worth considering.

These homes typically feature separate living spaces, allowing for privacy and convenience. You can choose to live in one unit while renting out the others, providing a steady stream of income. Additionally, having multiple units in one property can be highly advantageous for multigenerational families or those looking to accommodate guests or extended family members.

In terms of amenities and attractions, 90018 is conveniently located near various shopping centers, restaurants, and entertainment options. The area also offers easy access to major highways and public transportation, making commuting a breeze.

If you're in search of a vibrant community with homes featuring the apartment subtype, 90018 in Los Angeles, California, is an excellent choice. With its prime location, diverse culture, and potential for rental income, this area presents a promising opportunity for both investors and homeowners alike.

Newest 90018 Homes with Apartment Subtype

$1,340,000

SB26158992 MLS ⋅ Active Status

3204 W 27th St presents an excellent opportunity to acquire a fully renovated turnkey triplex in the rapidly growing West Adams neighborhood of Los Angeles. The property features an attractive unit mix of (2) 2 Bed/2 Bath Units and (1) 3 Bed/2 Bath Unit, with units averaging over 1,000 square feet. All units have been upgraded with renovated kitchens and bathrooms, stainless steel appliances, modern finishes, and in-unit washer and dryers. The property is projected to operate at a 6.51% cap rate and 11.28 GRM, offering investors a low-maintenance asset with strong rental income and long-term upside in one of Los Angeles' most sought-after rental markets. Located in West Adams, the property benefits from close proximity to Culver City, USC, Downtown Los Angeles, and major transportation corridors including the I-10 Free way and Metro Expo Line.

3204 W 27th, Los Angeles

$1,750,000

SB26114027 MLS ⋅ Active Status

2806 Norton Ave is a rare, high-yield 5-unit apartment located in a prime pocket of West Adams, offering strong in-place cash flow supported by highly desirable unit layouts. The property benefits from special financing available at 80% LTV with 30-year interest-only terms, creating an attractive leverage opportunity for investors. The asset delivers a 7.76% going-in cap rate and a 10.86% cash-on-cash return while trading at under $380 per square foot, a compelling basis for the submarket. Four of the five units are large, townhome-style residences, a layout that is extremely desirable to tenants and consistently drives strong rents with lower turnover. The property’s total average monthly rent exceeds $3,000 per unit, highlighting the durability of the in-place income. Additionally, three of the five units are leased under HACLA, providing government-guaranteed rents and long-term income stability. This is a turn-key opportunity to acquire stable cash flow, favorable long-term debt, and well-positioned multifamily housing in one of Los Angeles’ most active neighborhoods.

2806 S Norton Avenue, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.