4647 West 18th Street

Los Angeles, CA 90019

$3,349,000
Price
16
Beds
17
Baths
7,250 Sq. Ft.
$462 / Sq. Ft.
7,250
Sq. Ft.
$462
per Sq. Ft.

Description

Bartierra Group is pleased to present the exclusive opportunity to acquire 4647 W 18th St , a MASSIVE BRAND NEW 4 units multi-family building with rooftop decks, fully vacant and NO RENT CONTROL comprising of 2 4 bed, 4 bath and 2 4 bed and 4.5 bath. This trophy investment opportunity is not only ideally located in the heart of Mid City but also is eligible for DEPRECIATION benefits, which can help reduce your taxable income while increasing your cash flow. With excellent proximity to one of the...Bartierra Group is pleased to present the exclusive opportunity to acquire 4647 W 18th St , a MASSIVE BRAND NEW 4 units multi-family building with rooftop decks, fully vacant and NO RENT CONTROL comprising of 2 4 bed, 4 bath and 2 4 bed and 4.5 bath. This trophy investment opportunity is not only ideally located in the heart of Mid City but also is eligible for DEPRECIATION benefits, which can help reduce your taxable income while increasing your cash flow. With excellent proximity to one of the hottest areas in LA, entertainment districts and restaurants, this community is an attractive destination for locals, business entrepreneurs, students and urban young professionals making it a unique opportunity for short-and long-term rentals alike. Yes! You read it right. No rent control. All 4 units have legal separate addresses and are separately metered for water, gas and electric so your tenants will pay for all utilities reducing your carrying costs significantly. With top of the line finishes this income producing property will give you the peace of mind and long-term appreciation you are looking for. It comes fully equipped with top of the line appliances and SOLAR PANELS. Dream 1031 exchange opportunity. With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity. Don't miss out! Make this asset your next one or your first one! There is no safer investment than Los Angeles new construction multi-family.
  1. Listed by Barbara Isabel • DRE #02057627 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 4647 West 18th Street

Zoning
LARD1.5
Style
Contemporary
Parcel Number
5071022010
Total Units
4.0
Living Area
7250
Source Living Area
Plans
Area
Mid Los Angeles (C16)
Vacancy Rate
100

Location

Listing Courtesy of Keller Williams Beverly Hills, Barbara Isabel, DRE #02057627
Add your commute
LISTING UPDATED: 05/25/2024 11:17 PM

Property Details for 4647 West 18th Street

StatusActive
MLS #24-388309
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
Lot Size0.15 AC / 6,500 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Barbara Isabel, DRE #02057627
Add your commute

Building Information for 4647 West 18th Street

Stories3Residences-Year Built2024Building Size-Lot Size0.15 AC / 6,500 SF

Payment Calculator

$19,456 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,277

Property Taxes

$1,179

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4647 West 18th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Professional Management: 4800.0
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 3
  • Number Of Buildings: 2
  • Type Of Units: Townhouses
  • View: Yes
  • View Description: City, Green Belt
  • View: City Lights, Park/Greenbelt
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Gated
  • Property Condition: New Construction
  • Water: Public
  • Water Heaters: Yes
  • Water Heater Features: Tankless
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Building Plans Available, Building Permit
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $240,000
  • Net Operating Income: $189,712.50
  • Gross Income: $240,000
  • Gross Rent Multiplier: $13.95
  • Total Annual Expense: 50287.5
  • Tax Expense: $41,863
  • Insurance Expense: $3,625
Land / Lot Info
Land / Lot Info
  • Alley: No
  • Paved: Yes
  • Lot Acreage: 0.1492
  • Lot Size Square Feet: 6500
  • Lot Size Dimensions: 50x130
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Description: 2-4 Lots, Fenced
Parking Details
Parking Details
  • Parking Garage: Attached, Carport Attached, Driveway, Garage - 2 Car, Private, Covered Parking
  • Total Parking: 8
  • Covered Parking: 2
  • Open Other Spaces Total: 6
  • Garage Spaces Total: 2
  • Carport Spaces Total: 2
  • Parking Features: Attached Carport, Driveway, Garage - Two Door, Private, Covered
  • Attached Garage: Yes
  • Garage Structures Total: 2.0
Interior Features
Interior Features
  • Room Type: Living Room, Walk-In Closet
  • Rooms: Breakfast Bar, Living Room, Walk-In Closet
  • Levels: Multi/Split
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Laminate
  • Equipment: Dishwasher, Microwave, Washer, Refrigerator, Range/Oven, Dryer
  • Interior Features: Common Walls
  • Room Kitchen Features: Granite Counters
  • Kitchen Features: Counter Top, Granite Counters
  • Room Bathroom Features: Shower in Tub
  • Bathroom Features: Shower and Tub
  • Common Walls: Attached
  • Laundry: In Closet, In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Entry Location: Ground Level - no steps
  • New Construction: Yes
  • Other Structural Features: Balcony, Two On A Lot
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-11-2024
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,850.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,150.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $230,000.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $920,000.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $1,150,000.00

Property History for 4647 West 18th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4647 West 18th Street

Taxable ValueLand$920,000Additions$230,000Total$1,150,000
Tax Record2023$14,148 ($1,179 / month)
Home Facts
Beds2Total Finished SqFt1,215 SqFtAbove Grade Finished SqFt1,215 SqFtLot Size6,500 SqFtStyleSingle Family ResidenceYear Built1908ZoningLARD1.5CountyLOS ANGELESAPN5071-022-010

Schools near 4647 West 18th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - PK 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

Global Education Academy 2
CharterPK 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.

Similar Homes

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4647 West 18th Street is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on May 11, 2024 by Keller Williams Beverly Hills, it's currently listed at $3,349,000. It has been on the market for a total of 22 days and was last sold on July 14, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Alta Loma Elementary School, Johnnie Cochran, Jr., Middle School and Los Angeles Senior High School. 4647 West 18th Street is a 16-bed, 17-bath, 7,250 sqft multi-family home built in 2024.

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 Keller Williams Beverly Hills, Barbara Isabel, DRE #02057627

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.