Recently Listed New Construction 4505 W 18 Street
Los Angeles, CA, 90019 $ 3,749,000
Baths3.0 Sq 8,156 Monthly Estimate*
$ 23,672
Listed by Myunits.com Inc.
Studio for $3,749,000 with 3 full baths. This 8,156 square foot home was built in 2022 on a lot size of 0.1607.
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.
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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air
Appliances Dryer Washer
HOA Fee 0
Garage Spaces 1
Pool Features None
Year Built 2022
Electric Standard
Tenant Pays All Utilities
Levels Three Or More
Property Subtype Apartment
Gross Income 295200
Community Features Sidewalks
County Los Angeles
Net Operating Income 222161
Operating Expense 53008
Insurance Expense 4894
New Construction true
Property Type Residential Income
HOA false
MaintenanceExpense 2400
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions From the I-10 Freeway exit La Brea Avenue and head north. Turn right on W 18th Street. The property will be on the left at 4505 W 18th Street.
City Los Angeles
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 6
Number Of Units Total 6
MLS Area C17 - Mid-Wilshire
Lot Size Units Square Feet
Lot Size Square Feet 7000
Number of Units Leased 6
Listing Terms Submit
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Builder
Tax Lot 16
Virtual Tour https://www.myunits.com/buy/450518th
Total Actual Rent 295200
Property Sub Type Additional Apartment
Taxes 44515
Cap Rate 5.93
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InteriorTotal Stories 3
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Washer Hookup Electric Dryer Hookup Inside
Entry Level 1
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ExteriorLot Features Landscaped
Water Source Public
Total Parking 7
Lot Size Area 7000
Number of Buildings 2
Spa false
Building Area Total 8156
Lot Size Acres 0.1607
Private Pool false
Lot Size Source Appraiser
Number of Separate Water Meters 6
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $23,672
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,844,592
Percent of Sale Price 51%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/14/2026 | $3,749,000 | | Listed Price |