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$ 4,150,000
Est. payment /mo
Price Dropped by $49K
4505 W 18th Los Angeles, CA 90019
7,000 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB25017862
HOA Y/N No
Lot Size 7,000 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
4507 W 18th St is a rare newer construction 6 unit (4 townhomes + 2 large, attached ADUs) in prime Mid-City! Four of the units are stabilized at phenomenal rents, boasting a 5.49% CAP RATE!! The two vacant units are listed on the rental market now and can be delivered leased or vacant! This premium new construction property is comprised of two massive buildings (a whopping 8,156 square feet!) containing two expansive 4 bedroom, 3 bathroom tri-level units, two 3 bedroom, 3 bathroom tri-level units, and two large 2 bedroom, 2 bathroom units. In addition to its incredible design and curb appeal, 4507 W 18th St boasts NO RENT CONTROL, high return, and separate meters for all utilities! This totally turnkey 6-unit features washers and dryers in all units, stainless steel appliances, high ceilings, massive balconies off the living rooms and bedrooms, ample windows letting in tons of natural light, gorgeous modern kitchens and bathrooms, and beautifully designed landscaping. Now is the time to place your money in hiqh quality, tangible real estate as opposed to letting your money sit in the bank! This property is situated in the ultra-trendy Mid-City market, 10 minutes from Downtown Culver City and the countless hotspots in the area, including the trendy Helms Bakery District, the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the Cumulus District (Whole Foods). With the large quantity of entertainment, tech, and creative jobs in the area, this area attracts outstanding professional tenants!
4507 W 18th St is a rare newer construction 6 unit (4 townhomes + 2 large, attached ADUs) in prime Mid-City! Four of the units are stabilized at phenomenal rents, boasting a 5.49% CAP RATE!! The two vacant units are listed on the rental market now and can be delivered leased or vacant! This premium new construction property is comprised of two massive buildings (a whopping 8,156 square feet!) containing two expansive 4 bedroom, 3 bathroom tri-level units, two 3 bedroom, 3 bathroom tri-level units, and two large 2 bedroom, 2 bathroom units. In addition to its incredible design and curb appeal, 4507 W 18th St boasts NO RENT CONTROL, high return, and separate meters for all utilities! This totally turnkey 6-unit features washers and dryers in all units, stainless steel appliances, high ceilings, massive balconies off the living rooms and bedrooms, ample windows letting in tons of natural light, gorgeous modern kitchens and bathrooms, and beautifully designed landscaping. Now is the time to place your money in hiqh quality, tangible real estate as opposed to letting your money sit in the bank! This property is situated in the ultra-trendy Mid-City market, 10 minutes from Downtown Culver City and the countless hotspots in the area, including the trendy Helms Bakery District, the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the Cumulus District (Whole Foods). With the large quantity of entertainment, tech, and creative jobs in the area, this area attracts outstanding professional tenants!
4507 W 18th St is a rare newer construction 6 unit (4 townhomes + 2 large, attached ADUs) in prime Mid-City! Four of the units are stabilized at phenomenal rents, boasting a 5.49% CAP RATE!! The two vacant units are listed on the rental market now and can be delivered leased or vacant! This premium new construction property is comprised of two massive buildings (a whopping 8,156 square feet!) containing two expansive 4 bedroom, 3 bathroom tri-level units, two 3 bedroom, 3 bathroom tri-level units, and two large 2 bedroom, 2 bathroom units. In addition to its incredible design and curb appeal, 4507 W 18th St boasts NO RENT CONTROL, high return, and separate meters for all utilities! This totally turnkey 6-unit features washers and dryers in all units, stainless steel appliances, high ceilings, massive balconies off the living rooms and bedrooms, ample windows letting in tons of natural light, gorgeous modern kitchens and bathrooms, and beautifully designed landscaping. Now is the time to place your money in hiqh quality, tangible real estate as opposed to letting your money sit in the bank! This property is situated in the ultra-trendy Mid-City market, 10 minutes from Downtown Culver City and the countless hotspots in the area, including the trendy Helms Bakery District, the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the Cumulus District (Whole Foods). With the large quantity of entertainment, tech, and creative jobs in the area, this area attracts outstanding professional tenants!
Location
State CA
County Los Angeles
Area Los Angeles (90019)
Zoning Builder
Interior
Cooling Central Forced Air
Exterior
Parking Features Unit1:Assigned
Building
Lot Description Sidewalks
Story 3
Lot Size Range 4000-7499 SF
Level or Stories 3 Story
Others
Virtual Tour https://www.myunits.com/buy/450518th
Listed by Elizabeth Maddox • Myunits.com Inc.