4559 West 18th Street
4559 West 18th Street
Pending
Pending
Description
4559 W 18th St is made up of one 4 bedroom, 4.5 bathroom unit with a massive back deck (rented at $4,676), two 4 bedroom, 4 bathroom townhomes with huge balconies...4559 W 18th St is a 75% LEASED luxury NON-RENT CONTROLLED fourplex (triplex + ADU) in prime Mid-City! This property boasts a 5.54% cap rate, NO RENT CONTROL, all separate meters, premium luxury finishes, and a 1-year builder's warranty! Step into a top of the line, easy to manage investment that furnishes a high return on day one of ownership.
4559 W 18th St is made up of one 4 bedroom, 4.5 bathroom unit with a massive back deck (rented at $4,676), two 4 bedroom, 4 bathroom townhomes with huge balconies (rented at $4,999 and $4,800), and one spacious 2 bedroom, 2 bathroom ADU (pro forma rent of $2,850). Finding 4 units for less than 3 million is nearly impossible, so you’ll want to move fast on this one! Not to mention- finding 4 units that are fully leased prior to sale is even more rare! 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 (Whole Foods). With the large quantity of entertainment, tech, and creative jobs in the area, this area attracts outstanding professional tenants!
- Listed by Elizabeth Maddox • DRE #01921425 • Brokerage DRE #01921425 • Myunits.com Inc. • 818-850-8485
- Listed by Ian Maddox • DRE #02030205 • Brokerage DRE #01921425 • Myunits.com Inc.
Property Details for 4559 West 18th Street
Location
Property Details for 4559 West 18th Street
| Status | Pending |
|---|---|
| MLS # | BB24026501 |
| Days on Market | 57 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2023 |
| Lot Size | 0.13 AC / 5,602 SF |
| County | Los Angeles County |
Location
Building Information for 4559 West 18th Street
Payment Calculator
$16,561 per month
30 year fixed, 7.25% Interest
$15,690
$871
$0
Property Information for 4559 West 18th Street
- Tenant Pays: All Utilities
- Gross Income: $206,106
- Gross Scheduled Income: $207,906
- Vacancy Allowance Rate: 4
- Gross Operating Income: $199,590
- Net Operating Income: $159,363
- Gross Multiplier: 13.83
- Cap Rate: 5.54
- Operating Expense: $40,227
- New Taxes Expense: $34,483
- Gardener Expense: $1,200
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $2,344
- Maintenance Expense: $1,600
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $40,227
- Tax Rate: 1.19
- Tax Annual Amount: $34,483
- Tax Block: C
- Tax Tract Number: 666
- Tax Census Tract: 2182.20
- CFD/Mello-Roos Fee: $251
- Tax Lot: 27
- Community Features: Sidewalks
- Appliances: Dishwasher, Electric Oven, Freezer, Disposal, Refrigerator
- Equipment: Dishwasher, Dryer, Dryer Included, Freezer, Gas Dryer Hookup, Inside, Refrigerator, Washer, Washer Hookup, Washer Included
- Interior Features: Balcony, Living Room Balcony, Living Room Deck Attached, Open Floorplan, Unfurnished
- Room Type: Kitchen, Living Room, Main Floor Bedroom
- Bedroom Features: Main Floor Bedroom
- Laundry: Yes
- Laundry Features: Dryer Included, Gas Dryer Hookup, Inside, Washer Hookup, Washer Included
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: Central Air
- Heating Type: Central
- Heating: Central
- Flooring: Vinyl
- Virtual Tour URL Branded: https://www.myunits.com/buy/455918th
- Entry Location: front
- Property Condition: Turnkey
- View Description: City Lights
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Spa Features: None
- Lot Features: Back Yard, Landscaped
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Road Surface Type: Paved
- Road Frontage Type: City Street
- Levels: Three Or More
- Water: Public
- Sewer: Public Sewer
- Electric: Standard
- Water Source: Public
- Garage Spaces: 3
- Parking: Yes
- Parking Garage: Assigned
- Uncovered Spaces: 3
- Open Other Spaces Total: 3
- Parking Garage Spaces: 3
- Carport Spaces: 0
- Parking Features: Assigned
- Unit Type Units Total: 1
- Unit Type Beds Total: 4
- Unit Type Baths Total: 5
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $4,676
- Unit Type Total Rent: $4,676
- Unit Type Pro Forma: 4999
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 4
- Unit Type Baths Total: 4
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $4,800
- Unit Type Total Rent: $4,800
- Unit Type Pro Forma: 4800
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 4
- Unit Type Baths Total: 4
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $4,999
- Unit Type Total Rent: $4,999
- Unit Type Pro Forma: 4999
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 2850
- Unit Type Type: 4
- Rent Controlled: No
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 4
- Number With Dishwasher: 4
- Number With Range: 4
- Number With Refrigerator: 4
- Number With Patio: 2
Property History for 4559 West 18th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4559 West 18th Street
Schools near 4559 West 18th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Alta Loma Elementary School PublicK to 5 | ||
Johnnie Cochran, Jr., Middle School Public6 to 8 | ||
Los Angeles Senior High School Public9 to 12 | ||
South Shores/Csudh Visual And Performing Arts PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Myunits.com Inc., Elizabeth Maddox, DRE #01921425; Myunits.com Inc., Ian Maddox, DRE #02030205
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.