CA > Los Angeles
Los Angeles, CA 90031,2218 Eastlake Ave
Los Angeles, CA 90031,2218 Eastlake Ave
Los Angeles, CA 90031,2218 Eastlake Ave
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Ron Taibi

Ron Taibi

+1(661) 212-1135
$1,000,000
Est. payment /mo
14 Beds
6 Baths
5,495 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,495 sqft

Price per Sqft $181

MLS Listing ID 25540729

Bedrooms 14

Year Built 1938

Lot Size 9,893 Sqft

Acres 0.2272

Property Sub-Type Multi-Family

Property Description

Marcus & Millichap presents 2218 Eastlake Avenue, a six-unit multifamily investment opportunity located in the heart of Lincoln Heights, one of Los Angeles' most historic and rapidly evolving neighborhoods. With 5,495 square-feet of livable space spanning a 9,893-square-foot lot, the property features an ideal unit mix of four (4) two-bedroom and two (2) three-bedroom units. With current rents offering approximately 41% upside potential, investors have a compelling opportunity to significantly increase cash flow as units turn over. Additionally, a structure located along the alley currently used for storage presents the potential for conversion to one or more Accessory Dwelling Units (ADUs), creating an opportunity for immediate value-add and increased rental income. Situated near the USC Health Sciences Campus, 2218 Eastlake Avenue is strategically positioned between two transformative mixed-use developments, benefiting from the ongoing revitalization of Lincoln Heights. To the south, The Brine at 3016 N. Main Street offers 97 affordable and permanent supportive housing units, along with 28,000 square feet of ground-floor commercial space designed to serve the local community. To the north, Avenue 34 at 141 N. Avenue 34 is a five-acre, transit-oriented development featuring 468 residential units - 66 of which are designated as very low-income and 16,000 square feet of retail space, all within walking distance of the Metro A Line's Heritage Square Station. With its prime location, significant rental upside, and proximity to major developments, 2218 Eastlake Avenue presents a rare opportunity to invest in a neighborhood poised for substantial growth and long-term value appreciation.

Location

State CA

County Los Angeles

Area Lincoln Heights

Zoning LARD3

Rooms

Other Rooms Other

Interior

Heating None

Cooling Window Unit(s)

Equipment Washer, Range/Oven, Refrigerator, Freezer, Garbage Disposal

Exterior

Parking Features Uncovered, Covered Parking, Garage Is Detached

Garage Spaces 10.0

Pool None

Building

Lot Description 5 + Lots

Story 2

Water Public

Level or Stories Two

Others

Special Listing Condition Standard

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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 ©2025 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 Marcus & Millichap

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agent

Ron Taibi

+1(661) 212-1135

Agent | License ID: 01240158

Agent License ID: 01240158

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