7,000 Sqft Lot
7,000 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26177778
HOA Y/N No
Year Built 2022
Lot Size 7,000 Sqft
Property Sub-Type Apartment
Property Description
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
Area C17 - Mid-Wilshire
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dryer, Washer
Laundry Washer Hookup, Electric Dryer Hookup, Inside
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Sidewalks
Total Parking Spaces 7
Private Pool No
Building
Lot Description Landscaped
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction Yes
Others
Senior Community No
Tax ID 5071021036
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
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