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4647 W 18th St Los Angeles, CA 90019
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Key Details
Sold Price $3,275,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,250 sqft
Price per Sqft $451
MLS Listing ID 24-388309
Sold Date 08/12/24
Style Contemporary
Bedrooms 16
Construction Status New Construction
Year Built 2024
Lot Size 6,500 Sqft
Acres 0.1492
Property 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 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.
Location
State CA
County Los Angeles
Area Mid Los Angeles
Zoning LARD1.5
Rooms
Other Rooms None
Dining Room 0
Kitchen Counter Top, Granite Counters
Interior
Interior Features Common Walls
Heating Central
Cooling Central
Flooring Laminate
Fireplaces Type None
Equipment Dishwasher, Microwave, Washer, Refrigerator, Range/Oven, Dryer
Laundry In Closet, In Unit
Exterior
Parking Features Attached, Carport Attached, Driveway, Garage - 2 Car, Private, Covered Parking
Garage Spaces 8.0
Pool None
View Y/N Yes
View City, Green Belt
Building
Lot Description 2-4 Lots, Fenced
Story 3
Water Public
Architectural Style Contemporary
Level or Stories Multi/Split
Construction Status New Construction
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Keller Williams Beverly Hills