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4507 W 18th St

Mid-City 6-Unit (Fourplex + 2 ADU's)

Rare non rent-controlled new construction 6-unit (fourplex + 2 huge ADU's) in the hottest rental market in LA, Mid-City. Comes fully loaded with washers and dryers, stainless steel appliances, and so much more! Already 66% pre-leased at market rents prior to CofO. Huge rental demand due to incredible design, A+ location, and curb appeal!

List Price:
Cap Rate:
GRM:
Bldg. Size:
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Highlights:

$4,850,000
4.77% (pro forma)
15.79 (pro forma)
8,156 sqft
2x 4b/3b
2x 3b/3b
2x 2b/2b
66% leased at market rents
Huge rental demand
Separately metered utilities
No rent control
Sky-high cap rate
Washers/dryers provided
Stainless steel appliances
Huge balconies everywhere
Prime Mid-City location
Unbeatable curb appeal
Super low maintenance
High demand rental market
Back yard for ADU

Click to View Photos

The Neighborhood

< 15-Minute Walk

Midtown Shopping Center, Hollywood Night Market, Planet Fitness, Five Guys, Pacific French Bakery, Spaccio Salumeria, Menchitas, Washington Irving Branch Library, Starbucks, , Roscoe's Chicken and Waffles, Olive Garden, Wingstop, Subway, Jamba Juice

< 10-Minute Drive

Sprouts, Starbucks, Target, Westside Boxing Club, Johnny's Pastrami, Pips on La Brea, L.A. Grind Coffee And Tea Bar, Pacific French Bakery, Tartine West Adams, Alta, Mizlala, Delicious Pizza, The Underground Museum, Vees Cafe, Infinity Room, Farmhouse Kitchen

< $10 Uber Ride

Downtown Culver City, Ivy Station, The Culver Steps, Trader Joes, Equinox, Amazon Studios, The Culver Hotel, Sony Pictures, Midtown Shopping Center, The Grove, LACMA, The Farmer’s Market, El Rey Theatre, Pasta Sisters,The Mint, Akasha, Public School, The Mandrake

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Submit your offers now!

  • 66% leased prior to CofO even coming in! Massive demand! Can be delivered fully leased!

  • No rent control!

  • Outstanding cap rate of 4.77%!

  • Rare opportunity to acquire 6 units in premium Mid-City location!

  • Massive property- 8,156 livable square feet (not including garage)!

  • Majorly elevated units with high ceilings, expansive balconies, and premium finishes.

  • Property comes FULLY LOADED with premium stainless steel kitchen appliances, washers and dryers. Totally turnkey!

  • Premium new construction in the hottest rental market in LA, Mid-City.

  • All units separately metered for gas, electric AND water! Microscopic expenses!

  • Boasts extraordinary curb appeal.

  • New construction fourplexes are in impossibly short supply right now, especially ones of this superior quality.

  • Dream 1031 exchange opportunity. Ready to close ASAP!

  • Large windows everywhere you look, making each room extremely light and bright!

  • With SB-8 in effect, we expect less fourplexes will be built, making properties like these an even more rare and hot commodity.

  • Moments from countless mixed-use developments such as Ivy Station (HBO headquarters), the Cumulus Development (Whole Foods), and the Culver Steps (Amazon Studios).