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!
DAYS ON MARKET
|
87
|
LAST UPDATED
|
4/26/2024
|
YEAR BUILT
|
2023
|
COMMUNITY
|
Mid Los Angeles
|
GARAGE SPACES
|
3.0
|
COUNTY
|
Los Angeles
|
STATUS
|
Pending
|
PROPERTY TYPE(S)
|
Residential Income
|
Prior to Mar 22, '24
|
$2,995,000
|
Mar 22, '24 - Today |
$2,875,000 |
AIR |
Central Air |
AIR CONDITIONING |
Yes |
APPLIANCES |
Dishwasher, Disposal, Dryer, Electric Oven, Freezer, Refrigerator, Washer |
AREA |
Mid Los Angeles |
BUYER'S BROKERAGE COMPENSATION |
2.000 % |
GARAGE |
Assigned, Yes |
HEAT |
Central |
HOA DUES |
0 |
INTERIOR |
Balcony, Bedroom on Main Level, Living Room Deck Attached, Open Floorplan, Unfurnished |
LOT |
5602 sq ft |
LOT DESCRIPTION |
Back Yard, Landscaped |
PARKING |
Assigned |
POOL DESCRIPTION |
None |
SEWER |
Public Sewer |
STORIES |
3 |
STYLE |
Modern |
TAXES |
34483 |
UTILITIES |
Electric: Standard |
VIEW |
Yes |
VIEW DESCRIPTION |
City Lights,Neighborhood |
WATER |
Public |
ZONING |
LARD1.5 |
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Based on information from California Regional Multiple Listing Service, Inc. as of 5/4/24 12:37 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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