1822 Bridge, Los Angeles, CA 90033
Local realty services provided by:ERA North Orange County Real Estate
1822 Bridge,Los Angeles, CA 90033
$2,230,000
- - Beds
- - Baths
- 6,863 sq. ft.
- Multi-family
- Active
Listed by: matthew guerra
Office: kw executive
MLS#:AR26001511
Source:CRMLS
Price summary
- Price:$2,230,000
- Price per sq. ft.:$324.93
About this home
Discover a rare value-add opportunity in the heart of Los Angeles at 1822 Bridge Street, a well-located 10-unit multifamily asset offering immediate upside and long-term potential. Built in 1965, this 6,863 SF building sits on a 7,566 SF LARD1.5-zoned lot, giving buyers room to explore ADU expansion or future redevelopment (buyer to verify). Priced at just $2,230,000, the property pencils with a compelling 7.00% cap rate and 9.75x GRM, making it an attractive option for both seasoned operators and new investors looking for cash flow and growth. Major capital improvements have already been made such as new roof, new copper plumbing lines, new retrofit for tuck-under parking, as well as two(2) of the three vacant units having already been completely renovated.
The unit mix delivers strong fundamentals: 5 two-bedroom units, 4 one-bedroom units, and 1 studio, with several units to be delivered vacant at close of escrow. This setup is ideal for repositioning, renovation, or capturing market rents right away. Utilities are separately metered for gas and electricity, helping streamline expenses. At $223,000 per unit and $325 per square foot, this property stands out as one of the more efficient multifamily plays in the area.
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Home facts
- Year built:1965
- Listing ID #:AR26001511
- Added:46 day(s) ago
- Updated:February 21, 2026 at 02:34 PM
Rooms and interior
- Living area:6,863 sq. ft.
Structure and exterior
- Year built:1965
- Building area:6,863 sq. ft.
- Lot area:0.17 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,230,000
- Price per sq. ft.:$324.93
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