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4559 W 18th St, Mid-City

Fully Stabilized 2023 Fourplex

A FULLY LEASED luxury NON-RENT CONTROLLED fourplex (triplex + ADU) in prime Mid-City! This property boasts a real 5.22% 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 on day one of ownership. Finding 4 units for less than 3 million is nearly impossible, so you’ll want to move fast on this one!

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:

$2,995,000

Fourplex

Pre-Market

4

2023

5.22%

14.53

$206,106/Year (Pro Forma)

5,860 sqft

5,602 sqft

$511.09

$748,750

1 x 4b/4.5b, 2 x 4b/4b, 1 x 2b/2b ADU

No

1 Garage Spot, 5 Exterior Spots
(3 Permitted/2 Bonus)

Massive Decks/Patios

The Highlights

  • FULLY LEASED AT A REAL 5.22% CAP RATE! Step into income on day one!

  • Unbeatable price per door of $748,750!

  • 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!

  • 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

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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