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Listed by Lauren Cearley • Myunits.com Inc.
$ 3,890,000
Est. payment /mo
Price Dropped by $105K
4505 West 18th Los Angeles, CA 90019
8,152 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 8,152 sqft
Price per Sqft $477
MLS Listing ID BB-25017862
Style Modern
Year Built 2022
Lot Size 7,000 Sqft
Property Sub-Type Apartment
Property Description
4505 W 18th St is a rare newer construction 6 unit (4 townhomes + 2 large, attached ADU's) in prime MidCity! This is fully stabilized at phenomenal rents, boasting a real 5.76% CAP RATE!! 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 trilevel 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 high 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 C16 - Mid Los Angeles
Interior
Heating Central
Fireplaces Type None
Laundry Dryer Included, Electric Dryer Hookup, Inside, Washer Hookup, Washer Included
Exterior
Parking Features Assigned
Garage Spaces 1.0
Pool None
Community Features Sidewalks
View Y/N Yes
View City Lights
Building
Lot Description Landscaped
Sewer Public Sewer
Others
Virtual Tour https://www.youtube.com/watch?v=Gab1SrkY7zg