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Listed by Lauren Cearley, DRE #02146823 • Myunits.com Inc.
$ 3,749,000
Est. payment | /mo
7,000 Sqft Lot
$ 3,749,000
Est. payment | /mo
7,000 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB26177778
Year Built 2022
Lot Size 7,000 Sqft
Source California Regional MLS
Property Description
4505 W 18th Street is a beautifully designed 2022-built six-unit investment opportunity in the heart of Mid-City. This fully stabilized, non-rent-controlled asset is 100% leased and offers a strong 5.93% current cap rate with additional upside to a 6.22% pro forma cap rate, making it an ideal turnkey investment for both cash flow and long-term appreciation. The property consists of two 4-bedroom, two 3-bedroom, and two 2-bedroom residences totaling approximately 8,156 square feet. Designed with today's renters in mind, each spacious unit features high ceilings, oversized windows, expansive balconies or patios, modern kitchens and bathrooms, stainless steel appliances, central HVAC, and in-unit washers and dryers. All units are separately metered for gas, electricity, and water, helping minimize operating expenses while maximizing net income. Four of the six leases extend into mid-to-late 2027, providing stable, predictable cash flow from day one. Ideally situated in one of Los Angeles' strongest rental markets, the property is just minutes from Culver City, Miracle Mile, and major employment centers including Amazon, Apple, HBO, and Sony. As opportunities to acquire newer, fully stabilized, nonrent- controlled multifamily assets continue to become increasingl
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Interior
Heating Central Forced Air
Cooling Central AC
Laundry 30, Other, Washer, Dryer, 9
Exterior
Garage Spaces 7.0
Pool 31, None
Building
Story Three or More Stories
Water District - Public
Others
Tax ID 5071021036
Special Listing Condition Not Applicable
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