1918 Grace Ave, Los Angeles, CA 90068
1918 Grace Ave, Los Angeles, CA 90068
1918 Grace Ave, Los Angeles, CA 90068
1918 Grace Ave, Los Angeles, CA 90068
1918 Grace Ave, Los Angeles, CA 90068
1918 Grace Ave, Los Angeles, CA 90068
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$ 4,095,000
Est. payment | /mo

18 Beds

18 Baths

10,588 SqFt

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$ 4,095,000
Est. payment | /mo
Save

18 Beds

18 Baths

10,588 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,588 sqft

Price per Sqft $386

MLS Listing ID 26862371

Bedrooms 18

Construction Status Updated/Remodeled

Year Built 1910

Lot Size 10,402 Sqft

Acres 0.2388

Property Sub-Type Multi-Family

Property 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

Location

State CA

County Los Angeles

Area Sunset Strip - Hollywood Hills West

Zoning LAR4

Rooms

Other Rooms None

Kitchen Quartz Counters, Ceramic Counters

Interior

Heating Wall

Cooling Wall Unit(s)

Flooring Hardwood

Fireplaces Type Bath, Kitchen, Living Room, Gas

Equipment Range/Oven, Refrigerator

Laundry In Unit

Exterior

Parking Features Parking Space

Garage Spaces 10.0

Pool None

Waterfront Description None

View Y/N Yes

View City

Roof Type Flat

Handicap Access None

Building

Story 3

Foundation Concrete Perimeter, Slab

Sewer In Connected and Paid

Water District

Level or Stories Multi/Split

Structure Type Frame, Stucco

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

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 ©2026 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.

Listed by Mark Konopaske

NEARBY SCHOOLS & PROPERTIES

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1918 Grace Ave