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$ 3,890,000
Est. payment | /mo
14 Beds
12 Baths
$ 3,890,000
Est. payment | /mo
14 Beds
12 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB25017862
Bedrooms 14
Property Sub-Type Res Income 2-4 Units
Property Description
4505 W 18th St is a rare newer construction 6 unit (4 townhomes + 2 large, attached ADUs) 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
Zoning Builder
Direction Just 5 minutes north of the I-10 via La Brea (exit, head north, right on 18th St), 4507 W 18th St is a newly built, no-rent-cont
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Tax ID 5071021036
Virtual Tour https://www.myunits.com/buy/450518th
Listed by Lauren Cearley Myunits.com Inc.
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Reyna Perea Lopez
Agent | License ID: 02118739