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4507 W 18th Street

Los Angeles (City), CA 90019
  • $4,400,000
  • STATUS: Active
  • ON SITE: 60 Days
  • ID#: 23318341
UPDATED: 43 min ago
$4,400,000
  • 18
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,156
    SQFT
  • $539
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2022
County:

School Ratings & Info

Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (310-909-5500)


Description

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 4507 West 18th Street. The subject property is located north of Washington Boulevard and west of Crenshaw Boulevard in the heart of Mid-City. It is ideally located minutes from the 10 Freeway, allowing tenants convenient access throughout Los Angeles. Situated on a 7,000 square foot lot, the property is comprised of a newly constructed fourplex with two Accessory Dwelling Units (ADU's). All units have been thoroughly upgraded with in-unit washer/dryer, stainless steel kitchen appliances, marble bathroom counters with premium finishes, large windows, high ceilings, spacious balconies & more. Due to its 2022 construction, 4507 W 18th Street is not subject to Los Angeles City Rent Control. There are five surface parking spaces with one garage.4507 W 18th Street provides investors with a rare opportunity to acquire a turn key, newly constructed asset with a healthy income stream in a desirable pocket of the Mid-City submarket.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-05T09:29:09.46. 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 Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/144126976
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4507 W 18th Street Los Angeles (City), CA 90019

  • Price: $4,400,000
  • Status: Active
  • On Site: 60 Days
  • Updated: 43 min ago
  • ID#: 23318341
18
Beds
0
Baths
0
½ Baths
0.16
Acres
8,156
SQFT
$539
$/SQFT
2022
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 4507 West 18th Street. The subject property is located north of Washington Boulevard and west of Crenshaw Boulevard in the heart of Mid-City. It is ideally located minutes from the 10 Freeway, allowing tenants convenient access throughout Los Angeles. Situated on a 7,000 square foot lot, the property is comprised of a newly constructed fourplex with two Accessory Dwelling Units (ADU's). All units have been thoroughly upgraded with in-unit washer/dryer, stainless steel kitchen appliances, marble bathroom counters with premium finishes, large windows, high ceilings, spacious balconies & more. Due to its 2022 construction, 4507 W 18th Street is not subject to Los Angeles City Rent Control. There are five surface parking spaces with one garage.4507 W 18th Street provides investors with a rare opportunity to acquire a turn key, newly constructed asset with a healthy income stream in a desirable pocket of the Mid-City submarket.
Exterior Features

Parking Features None Parking Total 6

Property Features

Association YN No Cap Rate 5.34 Gross Income 303600 Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 234907 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 1 Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-05T09:29:09.46. 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 Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372004031-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372004031-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372004031-2.jpg
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Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (310-909-5500)