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4507 W 18th St, Mid-City

5/6th Leased 2022 Construction 6-Unit

5/6TH'S LEASED! Massive 2022 6-unit (4 townhomes & 2 large attached ADUs) boasting a 5.31% CAP RATE & 8,156 of livable sqft! Features include no rent control, separate utility meters, washers/dryers in all units, stainless steel appliances, high ceilings, balconies, and modern amenities. Located in the trendy Mid-City market, it appeals to 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:

Other Features:

$4,250,000

6-Unit

Pre-Market

6

2022

5.31%

14.40

$294,000/Year

8,156 sqft

7,000 sqft

$521.09

$708,333

2 x 4b/4b, 2 x 3b/3b, 2 x 2b/2b

Yes

4 Garage Spaces, 4 Exterior Spaces

5/6th LEASED, Massive property- 8,156 livable sqft

The Highlights

  • 5/6TH's STABILIZED AT 5.31% 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

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

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Contact

Elizabeth Maddox

818.850.8485

Lauren Cearley

213.302.8662

Property Presented By:

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