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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
Listing Status Sold
Purchase Type For Sale
Square Footage 7,250 sqft
Price per Sqft $451
MLS Listing ID 24388309
Sold Date 08/12/24
Bedrooms 16
HOA Y/N No
Year Built 2024
Lot Size 6,499 Sqft
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 C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Interior Features Walk-In Closet(s)
Heating Central
Cooling Central Air
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer
Laundry Laundry Closet
Exterior
Parking Features Attached Carport, Covered, Door-Multi, Driveway, Garage, Private
Garage Spaces 2.0
Carport Spaces 2
Garage Description 2.0
Pool None
Community Features Gated
View Y/N Yes
View City Lights, Park/Greenbelt
Attached Garage Yes
Total Parking Spaces 8
Private Pool No
Building
Story 3
Entry Level Multi/Split
Architectural Style Contemporary
Level or Stories Multi/Split
New Construction Yes
Others
Senior Community No
Tax ID 5071022010
Security Features Carbon Monoxide Detector(s),Security Gate,Gated Community
Special Listing Condition Standard
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Bought with Barbara Isabel • Keller Williams Beverly Hills