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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 3,749,000

Est. payment | -/mo

14 Beds

12 Baths

7,000 Sqft Lot

Save Virtual Tour

$ 3,749,000

Est. payment | -/mo

Save Virtual Tour

14 Beds

12 Baths

7,000 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26177778

Bedrooms 14

Lot Size 7,000 Sqft

Property Sub-Type Res Income 2-4 Units

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 increasingly scarce, 4505 W 18th Street presents an exceptional long-term hold and 1031 exchange opportunity in one of LA's most sought-after investment corridors.

Location

State CA

County Los Angeles

Zoning Builder

Direction From the I-10 Freeway, exit La Brea Avenue and head north. Turn right on W 18th Street. The property will be on the left at 4505

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Senior Community No

Tax ID 5071021036

Virtual Tour https://www.myunits.com/buy/450518th

Listed by Lauren Cearley, DRE#02146823 Myunits.com Inc.

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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4505 W 18 Street Los Angeles, CA 90019