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4559 W 18th Street, Los Angeles, CA 90019
$2,875,000
4559 W 18th Street, Los Angeles, CA 90019View this property at 4559 W 18th Street, Los Angeles, CA 90019
4559 W 18th StreetLos AngelesCA90019
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Property Description
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!
Full Property Details
Full Property Details for 4559 W 18th St
General
- Sold For: $2,875,000
- Status: Closed
- Type: Multi-Family
- MLS ID: BB24026501
- Added to Site: 112 day(s) ago
Interior
- Rooms/Areas: Kitchen, Living Room, Main Floor Bedroom
- Interior Features: Balcony, Living Room Balcony, Living Room Deck Attached, Open Floorplan, Unfurnished
- Fireplace(s): None
- Appliances: Dishwasher, Electric Oven, Freezer, Disposal, Refrigerator
- Flooring: Vinyl
Rooms
Other Rooms
- Laundry: Dryer Included, Gas Dryer Hookup, Inside, Washer Hookup, Washer Included
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Garage Spaces: 3
- Parking Features: Assigned
- Parking: Assigned
Location
- Area: C16 - Mid Los Angeles
- County: Los Angeles
- Development Name: C16 - Mid Los Angeles
- Driving Directions: Heading North onVineyard Ave, make a right onto 18th St, property will be on your left.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 4
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Architectural Style: Modern
- Entry Location: front
- Stories/Levels: Three Or More
- Stories Description: Three Or More
- Square Feet: 5,860
- Year Built: 2023
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 5
- Bedrooms: 4
Unit 2
- Number of Units: 1
- Total Bathrooms: 4
- Bedrooms: 4
Unit 3
- Number of Units: 1
- Total Bathrooms: 4
- Bedrooms: 4
Unit 4
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Lot Features
- Property View: City Lights, Neighborhood
- Lot Size (Acres): 0.1286
- Lot Size Source: Assessor
- Zoning: LARD1.5
- Lot Description: Back Yard, Landscaped
Financial Considerations
- Price Per Sq. Ft.: $490.61
- Price Per Unit: 718750
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Myunits.com Inc., Elizabeth Maddox and Myunits.com Inc., Ian Maddox
Sold by Urbanlime Real Estate, Zoey Granott
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Schools
Schools serving 4559 W 18th St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1745 Vineyard Ave, Los Angeles, CA 90019 | K-5 | 0.1 mi | |
4066 W Johnnie Cochran Vista, Los Angeles, CA 90019 | 6-8 | 0.7 mi | |
4650 W Olympic Blvd, Los Angeles, CA 90019 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4559 W 18th St
Date
Details
Price
Change
Source
5/03/2024
Sold
$2,875,000
—
MLS
3/18/2024
Price Reduced
$2,875,000
-4.01%
MLS
2/07/2024
Listed
$2,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4559 W 18th Street, Los Angeles, CA 90019 (MLS# BB24026501) is a Multi-Family property that was sold at $2,875,000 on May 03, 2024. Want to learn more about 4559 W 18th Street? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.