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4559 W 18th Street

Los Angeles (City), CA 90019
  • $2,995,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: BB24026501
UPDATED: 105 min ago
$2,995,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2023
County:

School Ratings & Info

Listing Agent(s): Elizabeth Maddox of Myunits.com Inc. (818-859-7242) and Ian Maddox of Myunits.com Inc.(818-859-7242)


Description

4559 W 18th St is 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.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 (rented at $2,700).Finding 4 units for less than 3 million is nearly impossible, so youll 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!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-02T00:30:35.017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
www.rusnellproperties.com/homes/147357915
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4559 W 18th Street Los Angeles (City), CA 90019

  • Price: $2,995,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 105 min ago
  • ID#: BB24026501
0
Beds
0
Baths
0
½ Baths
0.13
Acres
2023
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
4559 W 18th St is 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.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 (rented at $2,700).Finding 4 units for less than 3 million is nearly impossible, so youll 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!
Exterior Features

Architectural Style Modern Entry Level 1 Entry Location front Lot Features Back YardLandscaped Number Of Separate Electric Meters 4 Open Parking Spaces 3 Parking Features Assigned Parking Total 6 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No View City LightsNeighborhood View YN Yes

Interior Features

Appliances DishwasherElectric OvenFreezerDisposalRefrigeratorDryerWasher Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Vinyl Heating Central Heating YN Yes Interior Features BalconyLiving Room Deck AttachedOpen FloorplanUnfurnishedBedroom on Main Level

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.22 Common Interest None Community Features Sidewalks Electric Standard Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 206106 Gross Scheduled Income 206106 Insurance Expense 2344 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupInside Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Maintenance Expense 1600 Net Operating Income 156195 New Construction YN Yes New Taxes Expense 35922 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Operating Expense 41666 Property Condition Turnkey Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 35922 Tenant Pays All Utilities Trash Expense 0 Vacancy Allowance Rate 4 Water Sewer Expense 0 Water Source Public Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-02T00:30:35.017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
 
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Rusnell Real Estate Group | Vista Sotheby's
16 Malaga Cove Plaza
Palos Verdes Estates CA, 90274
Listing Agent(s): Elizabeth Maddox of Myunits.com Inc. (818-859-7242) and Ian Maddox of Myunits.com Inc.(818-859-7242)