New

$4,095,000

For Sale

11 hours ago

1918 Grace Avenue, Los Angeles, CA

Name: 1918 Grace Avenue, For Sale in Los Angeles - eXp Realty
Brand: Mark Konopaske
SKU: 26862371
Price: 4095000 USD

House

MLS® 26862371

18 Bed

18 Bath

10588 sqft

10 Parking

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 10588 sqft

Garage

Taxes

Days Active 7

Lot Size 0.2388 Acres

Approx. Age 1910

Avg. Price Per Sqft $386

MLS® Number 26862371

Property Address: 1918 Grace Avenue, Los Angeles, CA, 90068

Average square foot calculated using Size range provided by listing agent.

Description

The Grace Apartments is an outstanding investment with huge upside potential. 1918 N Grace Ave sits in an A+ north-of-Hollywood Boulevard enclave, where premier lifestyle amenities and consistent rental demand converge. The gated property comprises 18 one-bedroom units, offered at $227, 500 per unit, with an in-place 5.6% cap rate and upside to approximately 10.5%. The building features an authentic Hollywood-cool architectural presence, abundant natural light, and curated exterior artwork by Keene Visions, reinforcing its creative appeal and neighborhood character.Positioned moments from the Hollywood Bowl, Franklin Village, major film and television studios, and a deep roster of dining and entertainment destinations, the asset consistently attracts young professionals and creative-industry tenants. Additional highlights include 10 gated on-site parking spaces and a Walk Score of 96, placing the property among the most walkable residential locations in Los Angeles.From an operational standpoint, the property offers immediate income growth. Eight of the 18 units have been renovated, with select units featuring in-unit laundry, supporting meaningful rent premiums. For investors evaluating subsidized rental strategies, HACLA payment standards in the desirable 90068 zip code reach up to$2, 805 for a one-bedroom. Even at a conservative $2, 595 pro forma rent, the property reflects approximately 50% rental upside. Long-term residents further enhance stability while providing a predictable path to incremental rent growth as units naturally turn. The expansive 10, 399 sq. ft. R4 lot, combined with open yard areas and elevated topography, creates the potential to add up to eight detached ADUs with panoramic city views. This unlocks multiple value-add strategies, from yield enhancement through additional rental units to longer-term redevelopment potential. 1918 N Grace Ave delivers a rare combination of character, cash flow, rental upside, and expansion potential in one of Hollywood's most coveted sub-markets. Few multifamily opportunities offer this level of existing income, built-in growth, and long-term flexibility making it an exceptional acquisition for both yield-focused buyers and strategic investors seeking a flagship asset in core Hollywood's premier 90068 pocket. This 18-unit Hollywood apartment building in an A+ north-of-the-Boulevard location (96 walk score) on a 10, 399 SF lot, featuring spacious one-bedroom units with city views. Strong in-place valuation at $227k/unit and a 5.6% Cap Rate and 11.2 GRM, with upside to a 10.5% Cap Rate Significant value-add potential with room for eight detached ADUs to further boost long-term revenue and overall return

MLS® Number26862371

Laundry Level

Central VacNo

FireplaceYes

Acreage

Exterior

Garage

Approx. Age1910

Basement

DrivewayOne Space

Garage Spaces

HeatWall Furnace

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 22, 2026List Date

$4,095,000List Price

Commute

Commute

Starting Address

Destination Address

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