4505 W 18th St, Mid-City
Fully Leased 2022 Construction 6-Unit
100% Leased! Rare opportunity to acquire a fully stabilized, non-rent-controlled 2022-built six-unit asset in the heart of Mid-City offering a REAL 5.93% current CAP rate with upside to a 6.22% pro forma CAP rate. This luxury property features over 8,150 SF with an ideal mix of two 4-bedroom, two 3-bedroom, and two 2-bedroom residences. Amenities include high ceilings, expansive balconies, stainless steel appliances, central HVAC, in-unit washers and dryers, and separately metered utilities for minimal operating expenses. Ideally located minutes from Culver City and major employers including Amazon, Apple, HBO, and Sony, this turnkey investment offers strong in-place cash flow and exceptional long-term upside.
The Important
Details
List Price:
Property Type:
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# Units:
Year Built:
Cap Rate:
GRM:
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$3,749,000
6-Unit
Pre-Market
6
2022
5.93%
13.22
$288,540/Year
8,156 sqft
7,000 sqft
$449.66
$624,833
2 x 4b/4b, 2 x 3b/3b, 2 x 2b/2b
No
1 Garage Spot, 6 Exterior Spots
(3 Permitted/4 Bonus)
No
Other Features:
FULLY LEASED, Massive property- 8,156 livable sqft
The Highlights
100% leased with a strong 5.93% current cap rate and 6.22% pro forma cap rate.
Rare opportunity to acquire a 2022-construction, non-rent-controlled six-unit property in one of Mid-City's most desirable rental locations.
Large 8,156 SF asset featuring an ideal unit mix of two 4-bedroom, two 3-bedroom, and two 2-bedroom residences.
Four of the six leases extend into mid-to-late 2027, providing stable, predictable cash flow from day one.
Beautifully designed units offer high ceilings, oversized windows, expansive balconies or patios, and modern luxury finishes throughout.
Turnkey investment with stainless steel kitchen appliances, in-unit washers and dryers, and central HVAC in every unit.
All units are separately metered for gas, electricity, and water, helping minimize operating expenses and maximize net income.
Prime Mid-City location just minutes from Culver City, Miracle Mile, and major employers including Amazon, Apple, HBO, and Sony, driving long-term rental demand.
Exceptional 1031 exchange opportunity offering stable cash flow, minimal deferred maintenance, and strong long-term appreciation potential.
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:
