4559 W 18th St, Mid-City
75% Rented 2023 Fourplex @ Low Price of $2,875,000
A 75% LEASED luxury NON-RENT CONTROLLED fourplex (triplex + ADU) in the highly sought-after prime Mid-City neighborhood! This exceptional property boasts a solid 5.54% cap rate, NO RENT CONTROL, all separate meters, premium luxury finishes, and a 1-year builder's warranty! Step into a top-of-the-line, easy-to-manage investment that furnishes a high return starting on day one of ownership. Finding 4 units for under $3 million is nearly impossible, so you’ll want to act quickly!
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
$/SF:
$/Unit:
Unit Mix:
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Rent Control:
$2,875,000
Fourplex
Sold
4
2023
5.54%
13.83
$207,906/Year
5,860 sqft
5,602 sqft
$490.61
$718,750
1 x 4b/4.5b, 2 x 4b/4b, 1 x 2b/2b ADU
No
3 Garage Spaces, 3 Exterior Spaces
No
Other Features:
Massive Decks/Patios
The Highlights
75% LEASED AT A 5.54% CAP RATE! Step into income on day one!
Unbeatable price per door of $718,750!
No rent control!
Delivered with ultra-premium finishes!
All units boast tons of windows and balconies which renters will love!
High ceilings, ample windows, walk-in closets, and more!
Perfect owner-occupier opportunity! Better financing options!
MASSIVE DECK OFF THE REAR UNIT!
Ideal unit mix of large 4 bedroom units and an easy to rent 2 bedroom unit.
Located in highly popular Mid-City.
Moments from countless mixed-use developments such as Ivy Station (HBO headquarters), the Cumulus Development (Whole Foods), and the Culver Steps (Amazon Studios).
Located half a mile from the Midtown Shopping Center, which offers all the conveniences tenants could ever need (Target, Sprouts & more).
All units separately metered for gas, electric AND water! Microscopic expenses!
Dream 1031 exchange opportunity. Ready to close!
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:
