4505 W 18th St, Mid-City
4/6th Leased 2022 Construction 6-Unit
4/6th Leased! Massive 2022 6-unit construction (4 townhomes & 2 large attached ADUs) boasting a 5.29% CAP RATE and 8,156 sqft of livable space! Features include no rent control, separately metered utilities, washers/dryers in all units, stainless steel appliances, high ceilings, balconies, and modern amenities. Located in the trendy Mid-City market, this property attracts professional tenants from entertainment, tech, & creative industries, making it an attractive investment with high returns!
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
$/SF:
$/Unit:
Unit Mix:
Opportunity Zone:
Parking:
Rent Control:
$4,199,000
6-Unit
For Sale
6
2022
5.29%
14.22
$295,200/Year
8,156 sqft
7,000 sqft
$514.84
$699,833
2 x 4b/4b, 2 x 3b/3b, 2 x 2b/2b
Yes
1 Garage Spot, 4 Exterior Spots
(3 Permitted/2 Bonus)
No
Other Features:
4 Units LEASED, Massive property- 8,156 livable sqft
The Highlights
4 Units stabilized NOW at 5.29% 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!
Premium new construction in the hottest rental market in LA, Mid-City.
All units separately metered for gas, electric AND water! Microscopic expenses!
New construction small multi-family apartments are in short supply right now, especially ones of this superior quality.
Dream 1031 exchange opportunity. Ready to close ASAP!
Large windows everywhere you look, making each room extremely light and bright!
With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity.
Moments from countless mixed-use developments such as Ivy Station (HBO headquarters), the Cumulus Development (Whole Foods), and the Culver Steps (Amazon Studios).
The Neighborhood
<15-Minute Walk
Midtown Shopping Center, Hollywood Night Market, Planet Fitness, Five Guys, Pacific French Bakery, Spaccio Salumeria, Menchitas, Washington Irving Branch Library, Starbucks, , Roscoe's Chicken and Waffles, Olive Garden, Wingstop, Subway, Jamba Juice
<15-Minute Drive
Sprouts, Starbucks, Target, Westside Boxing Club, Johnny's Pastrami, Pips on La Brea, L.A. Grind Coffee And Tea Bar, Pacific French Bakery, Tartine West Adams, Alta, Mizlala, Delicious Pizza, The Underground Museum, Vees Cafe, Infinity Room, Farmhouse Kitchen
<$15 Uber Ride
Downtown Culver City, Ivy Station, The Culver Steps, Trader Joes, Equinox, Amazon Studios, The Culver Hotel, Sony Pictures, Midtown Shopping Center, The Grove, LACMA, The Farmer’s Market, El Rey Theatre, Pasta Sisters,The Mint, Akasha, Public School, The Mandrake
Contact
Lauren Cearley
213.302.8662
Property Presented By:
