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!
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
Owner options
What's special
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#: BB24026501
Originating 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