1918 Grace Avenue, Los Angeles, CA 90068
Local realty services provided by:CENTURY 21 Valley Properties
1918 Grace Avenue,Los Angeles, CA 90068
$3,859,000
- 18 Beds
- 18 Baths
- 10,588 sq. ft.
- Multi-family
- Active
Listed by: mark konopaske
Office: mark konopaske213-220-9800
MLS#:26862371
Source:CRMLS
Price summary
- Price:$3,859,000
- Price per sq. ft.:$364.47
About this home
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 $214,389 per unit, with an in-place 6.0% cap rate and upside to approximately a 10.5% cap. 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 $214,389/unit and a 6.0% Cap Rate and 10.6 GRM, with upside to a 10.5% Cap Rate & a 7.0 GRM. Additional, significant value-add potential can be obtained by adding eight detached ADUs to further boost long-term revenue and overall return....
Contact an agent
Home facts
- Year built:1910
- Listing ID #:26862371
- Added:95 day(s) ago
- Updated:October 26, 2026 at 11:13 AM
Rooms and interior
- Bedrooms:18
- Total bathrooms:18
- Flooring:Wood
- Kitchen Description:Refrigerator
- Living area:10,588 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1910
- Building area:10,588 sq. ft.
- Lot area:0.24 Acres
- Construction Materials:Frame, Stucco
- Foundation Description:Concrete Perimenter, Slab
Utilities
- Water:Public
- Sewer:Sewer Tap Paid
Finances and disclosures
- Price:$3,859,000
- Price per sq. ft.:$364.47
Parking
- Total parking spaces:10
- Parking description:One Space
New listings near 1918 Grace Avenue
- Coming Soon
$220,000Coming Soon-- beds 1 baths444 sq. ft.20234 Cantara Street #136, Winnetka, CA 91306
MLS# SR26230633Listed by: RE/MAX LUXE - Coming Soon
$2,999,000Coming Soon7 beds 5 baths4,576 sq. ft.2641 N Vermont Avenue, Los Angeles, CA 90027
MLS# P1-29373Listed by: COMPASS - Coming Soon
$975,000Coming Soon2 beds 1 baths856 sq. ft.331 Brooks Ave #4, Venice, CA 90291
MLS# 26104392Listed by: PARDEE PROPERTIES - Coming Soon
$675,000Coming Soon2 beds 1 baths870 sq. ft.Address Withheld By Seller, Gardena, CA 90247
MLS# 260025661SDListed by: ESQUIRE REALTY - Coming Soon
$546,000Coming Soon1 beds 1 baths805 sq. ft.717 W Olympic Boulevard #2501, Los Angeles, CA 90015
MLS# 26104433Listed by: REDEAVOR GROUP - Coming Soon
$524,000Coming Soon2 beds 1 baths964 sq. ft.4200 Zamora, Los Angeles, CA 90011
MLS# CV26230192Listed by: RE/MAX OLYMPIC - Coming Soon
$999,000Coming Soon4 beds 2 baths1,927 sq. ft.6414 Corbin Avenue, Reseda, CA 91335
MLS# BB26229558Listed by: EQUITY UNION - Coming Soon
$677,000Coming Soon3 beds 2 baths1,092 sq. ft.1857 Lansdowne Avenue, Los Angeles, CA 90032
MLS# PW26229449Listed by: DEE ANN TUMBUAN - Coming Soon
$775,000Coming Soon-- beds -- baths1 sq. ft.1217 -1219 W 99th, Los Angeles, CA 90044
MLS# SW26229893Listed by: GOLDEN FEATHER INVESTMENTS INC - Coming Soon
$165,000Coming Soon3 beds 2 baths1,344 sq. ft.8811 Canoga Ave #221, Canoga Park, CA 91304
MLS# SR26228727Listed by: KELLER WILLIAMS VIP PROPERTIES