$4,250,000 Price Analysis   ♡   Los Angeles, CA 90019 18 bed 16 bath 8,156 SqFt ($521/SqFt) 7,002SqFt lot. Built 2022 Listed 2024-06-27, Taxes $11,677 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
4507 W 18th St is a rare FULLY LEASED newer construction 6 unit (4 townhomes + 2 large
Attached ADUs) in prime Mid-City! All six units are rented at phenomenal rents, basting a 5.40% CAP RATE!! This premium new construction property is comprised of two massive buildings (a whopping 8, 156 square feet!) containing two expansive 4 bedroom, 3 bathroom tri-level units, two 3 bedroom, 3 bathroom tri-level units and two large 2 bedroom, 2 bathroom units. In addition to its incredible design and curb appeal, 4507 W 18th St boasts NO RENT CONTROL, high return and separate meters for all utilities! This totally turnkey 6-unit features washers and dryers in all units, stainless steel appliances, high ceilings, massive balconies off the living rooms and bedrooms, ample windows letting in tons of natural light, gorgeous modern kitchens and bathrooms and beautifully designed landscaping. Now is the time to place your money in hiqh quality, tangible real estate as opposed to letting your money sit in the bank!
This property is situated in the ultra-trendy Mid-City market, 10 minutes from Downtown Culver City and the countless hotspots in the area, including the trendy Helms Bakery District, the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters) and the Cumulus District (Whol e Foods). With the large quantity of entertainment, tech and creative jobs in the area, this area attracts outstanding professional tenants!
Presented by Elizabeth Maddox at
Myunits.com Inc.
Property MLS #BB24127656 from CRMLS
Appliances YN: Yes
Laundry Features: Dryer Included, Gas Dryer Hookup, Inside, Washer Hookup, Washer Included
Heating Features: Central
Heating: Yes
Lot Size Acres: 0.1607438
Lot Size Source: Assessor
Lot Size Square Feet: 7002
Road Surface Type: Paved
Parking Features: Parking YN: Yes, Parking Features: Assigned
Parking Total: 5
Bedrooms in Unit-1: 4
Bedrooms in Unit-2: 4
Bedrooms in Unit-3: 3
Bedrooms in Unit-4: 3
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 2
Total Bathrooms in Unit-1: 3
Total Bathrooms in Unit-2: 3
Total Bathrooms in Unit-3: 3
Total Bathrooms in Unit-4: 3
Total Bathrooms in Unit-5: 2
Total Bathrooms in Unit-6: 2
Unit-1 Garage Spaces: 1
Gardener Expense: 1200.00
Maintenance Expense: 2400.00
Tenant Pays: All Utilities
Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.40
Source Property Type: Residential Income
Insurance Expense: 3262.00
Area: C16 - Mid Los Angeles
Source Neighborhood: C16 - Mid Los Angeles
New Taxes Expense: 50975.00
Number of Separate Electric Meters: 6
Number of Separate Gas Meters: 6
Number of Separate Water Meters: 6
Parcel Number: 5071021036
Postal Code Plus 4: 5843
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $192,996 + $771,876 $964,872 | $11,677 |
| 2021 | $189,212 + $756,742 $945,954 | $11,528 |
| 2020 | $187,272 + $748,983 $936,255 | $11,644 |
| 2019 | $183,600 + $734,298 $917,898 | $11,187 |
| 2018 | $180,000 + $719,900 $899,900 | $11,037 |
| 2017 | $101,675 + $406,717 $508,392 | $6,256 |
| 2016 | $99,682 + $398,743 $498,425 | $6,097 |
| 2015 | $98,185 + $392,754 $490,939 | $6,008 |
| 2014 | $96,262 + $385,061 $481,323 | $6,034 |
| 2013 | $77,000 + $306,000 $383,000 | $4,851 |
| 2012 | $77,000 + $306,000 $383,000 | $5,009 |
| 2010 | $77,000 + $306,000 $383,000 | $5,043 |
| 2009 | $91,637 + $366,553 $458,190 | $5,762 |
| 2009 | $77,000 + $306,000 $383,000 | $5,762 |
| 2008 | $89,841 + $359,366 $449,207 | $5,517 |
| 2007 | $88,080 + $352,320 $440,400 | $5,332 |
$4,150
TheMLSCLAW
Listing removed 2024-08-01
$0
TheMLSCLAW
Listed for rent 2024-07-21
$4,150
TheMLSCLAW
Listed 2024-06-27
$4,250,000
CRMLS
Listing removed 2024-06-27
$4,500
TheMLSCLAW
Relisted 2024-06-03
$4,500
TheMLSCLAW
Listing removed 2024-06-02
$0
TheMLSCLAW
Listing removed 2024-05-16
$0
CRMLS
Listed for rent 2024-05-16
$4,500
TheMLSCLAW
Price Changed for rent 2024-02-28
$4,243
CRMLS
Price Changed for rent 2024-02-20
$4,400
CRMLS
Listing removed 2023-12-29
$0
TheMLSCLAW
Listed for rent 2023-11-08
$4,550
CRMLS
Listed 2023-10-05
$4,400,000
TheMLSCLAW
Listing removed 2022-11-10
$0
Zumper
Price Changed for rent 2022-10-22
$4,400
Zumper
Listed for rent 2022-10-12
$4,033
Zumper
Sold 2017-10-31
$899,900
CRISNET
Sold 2017-10-06
$899,900
SanDiegoMLS
Listed 2017-09-21
$899,900
SanDiegoMLS
Listed 2017-09-21
$899,900
CRISNET
Sold 2003-11-04
$415,000
Public Record
Sold 2003-11-03
$415,000
Public Record
Sold 1969-01-28
$24,500
Public Record
Year Built: 2022
Building Features: 2
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: 1
Property Age: 2
Property Attached: Yes
Property Condition: Turnkey
Levels or Stories: Three Or More
Building Total Stories: 3
Structure Type: Apartment
House Style: Modern
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Water Source: Public
Map directions Map directions Map directions Map directions
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  | ||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.