ATTRACTIVE INTEREST-ONLY SELLER FINANCING AVAILABLE. We are proud to present an exceptional opportunity to acquire a well-maintained, 5-unit property located at 1801 Albion Street in the Lincoln Heights area of Los Angeles. This ±3,556 SF building sits on a ±8,309 SF lot and is situated between S Avenue 18 and S Avenue 19 on Albion Street.
1801 Albion Street provides convenient access to Downtown Los Angeles, L.A. Live, USC Health Sciences Campus, Dodger Stadium, FIGat7th, The Bloc and much more. Locally, tenants benefit from their proximity to major freeways (10, 5, 60, 110 and 101) and the Lincoln/Cypress Metro Rail Station, along with a vibrant mix of shopping centers, schools, restaurants, museums, and retailers.
Los Angeles, the heart of entertainment, boast a constant demand for quality rentals. The property sits amidst a thriving working class with a steady need for well-maintained housing and easy access to major employers. 1801 Albion Street offers a unique living experience with the added convenience of an on-site retail store, individual driveway parking, porches, backyards, and mature landscaping. Units feature wood plank flooring, new cabinets, wall air conditioning and heating, ceiling fans and vertical blinds.*
1801 Albion Street is a secure long-term investment ideal for any investor seeking a solid return. This opportunity caters to a wide range – first-time purchasers, seasoned investors, and those seeking a 1031 exchange – providing a win-win scenario.
*Select Units
Sold for $1,140,000 on 08/23/24
Listing Provided by: 
Eric Chen DRE #01489184 626-757-5717,
CB RICHARD ELLIS
Bought with: Compass
$1,140,000
1801 Albion St, Los Angeles, CA 90031
8beds
4baths
3,556sqft
Multi Family
Built in 1890
-- sqft lot
$1,248,300 Zestimate®
$321/sqft
$2,739 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 04, 2024 at 07:32pm
Listing Provided by:
Eric Chen DRE #01489184 626-757-5717,
CB RICHARD ELLIS
Bought with:
Richard Wilkinson, DRE #01812487
Compass
Source: CRMLS,MLS#: CV24147159
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
 - Bathrooms: 4
 
Heating
- Wall Furnace
 
Cooling
- Wall/Window Unit(s)
 
Appliances
- Laundry: Common Area
 
Features
- Common walls with other units/homes: 2+ Common Walls
 
Interior area
- Total structure area: 3,556
 - Total interior livable area: 3,556 sqft
 
Property
Parking
- Total spaces: 8
 - Uncovered spaces: 8
 
Features
- Levels: One
 - Stories: 1
 - Entry location: 1
 - Pool features: None
 - Spa features: None
 - Has view: Yes
 - View description: City Lights
 
Lot
- Size: 8,309 sqft
 - Features: 2-5 Units/Acre
 
Details
- Parcel number: 5447025031
 - Zoning: LARD1.5
 - Special conditions: Standard
 
Construction
Type & style
- Home type: MultiFamily
 - Property subtype: Multi Family
 - Attached to another structure: Yes
 
Condition
- New construction: No
 - Year built: 1890
 
Utilities & green energy
- Sewer: Public Sewer
 - Water: Public
 
Community & neighborhood
Community
- Community features: Curbs, Sidewalks
 
Location
- Region: Los Angeles
 
HOA & financial
Other financial information
- Total actual rent: 82608
 
Other
Other facts
- Listing terms: Cash,Cash to New Loan
 
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Estimated market value
$1,248,300