Los Angeles, CA 90019 4536 W 18th Street
$4,195,000
35 more
Presented By: Christopher Kenmore with Kenmore Realty Group; 714-299-2755
Home Details
LUXURY FOURPLEX with AMAZING PANORAMIC VIEWS Mid-City, Los Angeles Exciting newly constructed luxury fourplex presents an outstanding investment opportunity! Located in an Opportunity Zone and not subject to rent control. All units have 4 bedrooms, 4 bathrooms, and private roof decks. Two are 1,893 SF, each with 819 SF roof decks Two are 1,539 SF, each with 672 SF roof decks. STRUCTURAL: The widely renowned firm of Gouvis Engineering was brought in to ensure a finished project that is second to none. Higher standards of construction and uncommon upgrades elevate this property to a higher level that will inspire confidence and pride of ownership with any investor. From the top down: ROOF: Each unit includes a large private roof deck with expansive views of Hollywood hills, downtown skyline, mountains, coastline, city lights, and night sky. The added living space available on each deck make them a key feature for residents. THIRD LEVEL: 3 spacious bedrooms with large closets, en suite bathrooms beautifully adorned with quartz (Carrera) countertops and custom tilework, and 1 of 2 laundries. SECOND LEVEL: Another large bedroom and guest bathroom (with similar attributes as above). The gorgeous kitchen features stainless steel appliances, a large island (with slide-in range, hood, and space for counter seating), quartz counters, tile backsplash, and handsome white shaker cabinetry (providing plenty of storage). The kitchen is open to the adjoining living room and dining area. This is a perfect place for gatherings and entertaining! FIRST LEVEL: Outdoor patios, oversized tandem garage featuring an additional laundry, two 220V outlets for electric vehicle charging, bike and storage space, plus extra floor space for work out equipment. SOME ADDITIONAL FEATURES: Private backyard patios, 100% permeable paver driveway (gated), tankless water heaters with circulating hot water, luxury vinyl plank flooring throughout, ceiling fans, Milgard windows (more than typical), lots of recessed lighting, fire sprinkler system, PEX supply lines, cast-iron waste lines, and separate meters for electricity, gas, and water. (see supplements for more information). Less than 5 miles to USC, close to Arts and Entertainment, dining, shopping, downtown, and transportation. These units will be attractive to a discerning rental market looking for higher end properties. A must-see investment opportunity!
Presented By: Christopher Kenmore with Kenmore Realty Group; 714-299-2755
Interior Features for 4536 W 18th Street
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringSeeRemarks, Vinyl
Heating Y/NYes
Laundry FeaturesWasherHookup, GasDryerHookup, LaundryCloset, InGarage, SeeRemarks
Total Stories3
Window FeaturesDoublePaneWindows, Screens
Other Rooms
Entry Level1
General for 4536 W 18th Street
Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, GasRange, GasWaterHeater, HighEfficiencyWaterHeater, HotWaterCirculator, RangeHood, TanklessWaterHeater, VentedExhaustFan, WaterToRefrigerator
Architectural StyleContemporary, Modern
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.78
Carport Y/NNo
CityLos Angeles
Community FeaturesCurbs, Gutters, StreetLights, Sidewalks
CoolingCentralAir, Electric, HighEfficiency
CountyLos Angeles
Days on Market56
DirectionsFrom La Brea and Washington: east on Washington, left at West Blvd, left at 18th
ElectricVolts220InGarage
Electric On Property Y/NNo
Entry LocationFront doors
Garage Spaces8.0
Garage Y/NYes
Gross Income300000.0
HOA0.0
HeatingCentral, ForcedAir, HighEfficiency, NaturalGas, SeeRemarks
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense6000.0
Interior FeaturesCeilingFans, HighCeilings, Pantry, QuartzCounters, RecessedLighting, Tandem, Unfurnished, BedroomOnMainLevel
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Lot Size Square Feet7001.0
Lot Size UnitsSquareFeet
MLS AreaC16 - Mid Los Angeles
MaintenanceExpense1200.0
MobileHomeRemainsYNNo
Net Operating Income242496.0
New ConstructionYes
NumberOfUnitsTotal4
Operating Expense57504.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property ConditionTurnkey, UnderConstruction
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofFlat
Security FeaturesCarbonMonoxideDetectors, FireDetectionSystem, FireSprinklerSystem, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot7
Taxes$50,304
Tenant PaysAllUtilities
TermsCash, Conventional, Exchange1031, Submit
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, UndergroundUtilities, WaterConnected
ViewCityLights, Coastline, Hills, Neighborhood, Panoramic
View Y/NYes
Waterfront Y/NNo
Year Built2024
Year Built SourceSeeRemarks
ZoningLARD1.5
Exterior for 4536 W 18th Street
Building Area Total6864.0
Crops Included Y/NNo
FencingWood
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel, RectangularLot
Lot Size Acres0.1607
Lot Size Area7001.0
Lot Size SourcePlans
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Open Parking Y/NNo
Parking FeaturesDirectAccess, Garage
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking8.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480