4536 W 18th St
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4536 W 18th St
4 Unit Block of Flats £2,965,550 (£741,388/Unit) 5.24% Net Initial Yield Los Angeles, CA 90019
Investment Highlights
- Each unit has a huge private roof deck with panoramic views
Executive Summary
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!
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Pro forma - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £2,965,550 | Property Subtype | Apartment |
Price Per Unit | £741,388 | Apartment Style | Townhome |
Sale Type | Investment | Building Class | B |
Net Initial Yield | 5.24% | Lot Size | 0.17 AC |
Gross Rent Multiplier | 15.18 | Building Size | 6,864 SF |
No. Units | 4 | Number of Floors | 3 |
Property Type | Residential | Year Built | 2024 |
Price | £2,965,550 |
Price Per Unit | £741,388 |
Sale Type | Investment |
Net Initial Yield | 5.24% |
Gross Rent Multiplier | 15.18 |
No. Units | 4 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Townhome |
Building Class | B |
Lot Size | 0.17 AC |
Building Size | 6,864 SF |
Number of Floors | 3 |
Year Built | 2024 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Double Vanities
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Deck
- Family Room
- Island Kitchen
- Pantry
- Vinyl Flooring
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
4+4 | 4 | £4,068 | 1,539 - 1,893 |
Walk Score ®
Very Walkable (85)
PROPERTY TAXES
Parcel Number | 5071-024-026 | Total Assessment | £876,556 |
Land Assessment | £876,556 | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5071-024-026
Land Assessment
£876,556
Improvements Assessment
£0
Total Assessment
£876,556
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
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Kenmore Realty Group
4536 W 18th St
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