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 a projected market rental potential of up to $13,800 per month 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.
Property Details
Price:
$1,749,000
MLS #:
25562927
Status:
Active
Baths:
0
Address:
1818 Ripple Street
Type:
Residential Income
Neighborhood:
606atwater
City:
Los Angeles
Listed Date:
Aug 6, 2025
State:
CA
ZIP:
90039
Lot Size:
6,043 sqft / 0.14 acres (approx)
Year Built:
1982
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Schools
Interior
Flooring
Laminate
Heating
Wall Furnace
Exterior
Parking Features
Private, Gated, Carport, Assigned
Parking Spots
7.00
Pool Features
None
Roof
Composition
Security Features
Gated Community
Sewer
Sewer Paid
Spa Features
None
Stories Total
2
Financial
Tenant Pays
Gas, Electricity
Map
Community
- Address1818 Ripple Street Los Angeles CA
- Area606 – Atwater
- CityLos Angeles
- CountyLos Angeles
- Zip Code90039
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1818 Ripple Street
Los Angeles, CA
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