4647 West 18th Street

Los Angeles, CA 90019

$3,275,000
Last Sold Price
8
Beds
16
Baths
7,250 Sq. Ft.
$452 / Sq. Ft.
7,250
Sq. Ft.
$452
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 and NO RENT CONTROL comprising of 2 4 bed, 4 bath and 2 4 bed and 4.5 bath. One unit is currently rented for $5,150/month and we can deliver all other units rented as well! 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...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 and NO RENT CONTROL comprising of 2 4 bed, 4 bath and 2 4 bed and 4.5 bath. One unit is currently rented for $5,150/month and we can deliver all other units rented as well! 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 #01428775 • Keller Williams Beverly Hills

Property Details for 4647 West 18th Street

Architectural Style
Contemporary
View
City Lights, Park/Greenbelt
Parking Spaces Total
8
Private Pool
No
Cooling Type
Central
Total Units
4.0
Lot Size Dimensions
50x130
Living Area
7250
LISTING UPDATED: 08/13/2024 10:02 AM

Property Details for 4647 West 18th Street

StatusClosed
MLS #24388309
Days on Market41
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

Building Information for 4647 West 18th Street

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

Property Information for 4647 West 18th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $240,000
  • Vacancy Allowance Rate: 100
  • Gross Operating Income: $240,000
  • Net Operating Income: $189,713
  • Gross Multiplier: 13.95
Expense Details
  • New Taxes Expense: $41,863
  • Insurance Expense: $3,625
  • Total Expenses: $50,288
Community / Development
Community / Development
  • Assessments YN: No
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Microwave, Refrigerator
  • Equipment: Dishwasher, Microwave, Washer, Refrigerator, Range/Oven, Dryer
  • Interior Features: Common Walls
  • Room Type: Living Room, Walk-In Closet
  • Rooms: Breakfast Bar, Living Room, Walk-In Closet
  • Room Bathroom Features: Shower in Tub
  • Bathroom Features: Shower and Tub
  • Room Kitchen Features: Granite Counters
  • Kitchen Features: Counter Top, Granite Counters
  • Water Heater Features: Tankless
  • Laundry: Yes
  • Laundry Features: Washer Included, Dryer Included, In Closet
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Laminate
Exterior Features
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Gated Community
  • Entry Location: Ground Level - no steps
  • Other Structures: None
  • Property Condition: New Construction
  • View Description: City, Green Belt
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
  • Tennis Court: None
  • Tennis: No
Land/Lot Info
  • Number Of Units: 4
  • Levels: Multi/Split
  • Water: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Attached, Carport Attached, Driveway, Garage - 2 Car, Private, Covered Parking
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 2
  • Carport Spaces: 2
  • Covered Parking: 2
  • Attached Garage: Yes
  • Parking Features: Attached Carport, Driveway, Garage - Two Door, Private, Covered
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4850
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 5150
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2

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$938,400Additions$234,600Total$1,173,000
Tax Record2024$27,668 ($2,306 / 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 - 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

Global Education Academy 2
CharterK 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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. Offers of compensation are subject to change at the discretion of the seller. 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.