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Sold for $2,875,000 on 05/03/24
  • Listing Provided by: 

    Elizabeth Maddox DRE #01921425 818-850-8485,

    Myunits.com Inc.,

    Ian Maddox DRE #02030205,

    Myunits.com Inc.

    Bought with: NONMEMBER MRML
    $2,875,000

    4559 W 18th St, Los Angeles, CA 90019

    14beds
    15baths
    5,860sqft
    Quadruplex
    Built in 2023
    -- sqft lot
    $2,832,800 Zestimate®
    $491/sqft
    $-- Estimated rent

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    $17,902/mo

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    $17,902/mo

    Est. payment

    What's special

    4559 W 18th St is a 75% LEASED luxury NON-RENT CONTROLLED fourplex (triplex + ADU) in prime Mid-City! This property boasts a 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 on day one of ownership. 4559 W 18th St is made up of one 4 bedroom, 4.5 bathroom unit with a massive back deck (rented at $4,676), two 4 bedroom, 4 bathroom townhomes with huge balconies (rented at $4,999 and $4,800), and one spacious 2 bedroom, 2 bathroom ADU (pro forma rent of $2,850). Finding 4 units for less than 3 million is nearly impossible, so you’ll want to move fast on this one! Not to mention- finding 4 units that are fully leased prior to sale is even more rare! Now is the time to place your money in hiqh quality, tangible real estate as opposed to letting your money sit in the bank! This property is situated in the ultra-trendy Mid-City market, 10 minutes from Downtown Culver City and the countless hotspots in the area, including the trendy Helms Bakery District, the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the Cumulus District (Whole Foods). With the large quantity of entertainment, tech, and creative jobs in the area, this area attracts outstanding professional tenants!

    Zillow last checked: 8 hours ago

    Listing updated: May 04, 2024 at 07:49pm

    Listing Provided by:

    Elizabeth Maddox DRE #01921425 818-850-8485,

    Myunits.com Inc.,

    Ian Maddox DRE #02030205,

    Myunits.com Inc.

    Bought with:

    Zoey Granott, DRE #01916786

    NONMEMBER MRML

    Source: CRMLS,MLS#: BB24026501MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 14
    • Bathrooms: 15
    Bedroom
    • Features: Bedroom on Main Level
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Electric Oven, Freezer, Disposal, Refrigerator, Dryer, Washer
    • Laundry: Washer Hookup, Gas Dryer Hookup, Inside
    Features
    • Balcony, Living Room Deck Attached, Open Floorplan, Unfurnished, Bedroom on Main Level
    • Flooring: Vinyl
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 5,860
    • Total interior livable area: 5,860 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Assigned
    • Garage spaces: 3
    • Uncovered spaces: 3
    Features
    • Levels: Three Or More
    • Stories: 3
    • Entry location: front
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: City Lights, Neighborhood
    Lot
    • Size: 5,602 sqft
    • Features: Back Yard, Landscaped
    Details
    • Parcel number: 5071021047
    • Zoning: LARD1.5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Modern
    • Property subtype: Quadruplex
    Condition
    • Turnkey
    • New construction: Yes
    • Year built: 2023

    Utilities & green energy

    • Electric: Standard
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Sidewalks
    Location
    • Region: Los Angeles

    Other

    Other facts
    • Listing terms: Submit
    • Road surface type: Paved
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    Estimated market value
    $2,832,800