4505 18th St - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City
$3,995,000 USD
213-302-8662
4505 18th St, Los Angeles, CA for Sale
$3,995,000 USD
Apartments - FOR SALE
1/45
null | 5.75% Cap Rate

4505 18th St
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • 5 units leased now AT 5.75% CAP RATE! + No rent control!
  • Rare opportunity to acquire 6 units in premium Mid-City location!
  • Massive property- 8,156 livable square feet (not including garage)!
  • Majorly elevated units with high ceilings, expansive balconies, and premium finishes.
  • Property comes FULLY LOADED with premium stainless steel kitchen appliances, washers and dryers. Totally turnkey!
  • All units separately metered for gas, electric AND water! Microscopic expenses!

OVERVIEW

The 5+ Unit Specialists are pleased to present 4505 W 18th St, a rare newer construction 6 unit (4 townhomes + 2 large, attached ADU’s) in prime Mid-City! Five of the units are stabilized at phenomenal rents, boasting a 5.75% CAP RATE!! The one vacant unit 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!

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$490 USD /SF

# OF UNITS

6

PRICE/UNIT

$665,833

CAP RATE

5.75%

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5/6th Leased 2022 Const. 6-Unit | 5.75% Cap!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,974 SF

ZONING

LARD1.5

APN/PARCEL ID

5071-021-036

ASK ABOUT THIS PROPERTY

Lauren CearleyMyunits.com IncMore Info
213-302-8662

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Lauren CearleyMyunits.com IncMore Info
213-302-8662

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.