1818 Ripple Street, Los Angeles, CA 90039
Local realty services provided by:ERA Excel Realty
1818 Ripple Street,Los Angeles, CA 90039
$1,595,000
- 6 Beds
- 8 Baths
- 4,640 sq. ft.
- Multi-family
- Active
Listed by: david robles
Office: real broker
MLS#:25562927
Source:CRMLS
Price summary
- Price:$1,595,000
- Price per sq. ft.:$343.75
About this home
Located in the heart of vibrant and fast-growing Elysian Valley, this custom-built six-unit property offers strong current income and significant upside potential. Built in 1982 and measuring a spacious 4,640 SF, the property is exempt from Los Angeles' rent stabilization ordinance and has been professionally managed and well maintained. The front two-story townhouse-style unit features 2 bedrooms and 2.5 baths and is ideal for an owner-user. Behind it are five additional units: four 1 bedroom apartments (one currently vacant) and one single. Several units have been updated with modern kitchens, bathrooms, and flooring, while others have been partially improved, offering the opportunity for further value-add. The front unit and one of the rear one-bedrooms feature vaulted ceilings, enhancing natural light and creating a more spacious, open feel. Ideally situated next to the LA River bike path, the property offers tenants convenient access to cafes, restaurants, and green spaces. The Elysian Valley Recreation Center is just steps away, adding further neighborhood appeal. The property currently generates approximately $10,508 per month with current rents: 2br townhouse $2,111 1BR $2,054 1BR $1,849 1BR $1,373 Single $800 and a vacant 1 bedroom projected $2400 Projected market rental potential of up to $13,800 per month: All 1 Bedroom units market value of $2400. The 2BR townhouse market rent is $2700 The Single market rent is $1500. Plenty of upside when all units are at market rent. This is a rare opportunity to acquire a stabilized asset in one of Los Angeles' most desirable and trend-forward rental submarkets.
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Home facts
- Year built:1982
- Listing ID #:25562927
- Added:164 day(s) ago
- Updated:January 07, 2026 at 10:24 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:8
- Living area:4,640 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Roof:Composition
- Year built:1982
- Building area:4,640 sq. ft.
- Lot area:0.14 Acres
Utilities
- Sewer:Sewer Tap Paid
Finances and disclosures
- Price:$1,595,000
- Price per sq. ft.:$343.75
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