REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$3,749,000

Est. payment - /mo

7,000 Sqft Lot

Save Virtual Tour

UPDATED:

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

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

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

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

Read Less Info

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Lauren Cearley Myunits.com Inc. 213-302-8662, DRE #02146823

NEARBY SCHOOL & BUSINESS

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.

Payment

Schedule

Your mortgage payments over 30 years will add up to $0.

Get more info from a local expert!

Serving Southern California

Customized quick search tools to explore nearby zip codes, cities, and neighborhoods in your favorite destinations

There are 30 quick searches

Serving Arizona

Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations

4505 W 18 ST Los Angeles, CA 90019