Six-Unit Apartment
4505 W 18 Street, Los Angeles, CA 90019
For Sale
$3,749,000
Recently constructed multifamily property with upgraded interiors, private outdoor areas, and individually metered utilities.
Property Size8,156 SF
Price / SF$459.66
Days on Market98
Property Features for 4505 W 18 Street
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Amenities
high ceilings
oversized windows
expansive balconies or patios
modern kitchens and bathrooms
stainless steel appliances
central HVAC
in-unit washers and dryers
Building Details
Building Size
Year Built
Listing Agency:
Myunits.com Inc.
Listed By:
Lauren Cearley · License CA #02146823
(209) 298-6020
Source:
Velocityrealtysd
Added: Aug 9
Changed: Nov 10
Last Checked: Nov 12 at 2:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Myunits.com Inc.
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Investment Insights
Based on property information with market context.
Completed in 2022, this six-unit apartment property contains approximately 8,156 square feet and is fully leased. The unit mix includes two four-bedroom residences, two three-bedroom residences, and two two-bedroom residences. Each home includes high ceilings, oversized windows, a balcony or patio, a contemporary kitchen and bathroom, stainless steel appliances, central HVAC, and an in-unit washer and dryer. Gas, electricity, and water are separately metered for each unit.
Four leases continue into mid-to-late 2027. The property is non-rent-controlled and reports 100% occupancy, with a 5.93% current cap rate and a 6.22% pro forma cap rate. Located in Los Angeles, the asset is near Culver City, Miracle Mile, and employment centers associated with Amazon, Apple, HBO, and Sony. Zoning is LARD1.5.
Four leases continue into mid-to-late 2027. The property is non-rent-controlled and reports 100% occupancy, with a 5.93% current cap rate and a 6.22% pro forma cap rate. Located in Los Angeles, the asset is near Culver City, Miracle Mile, and employment centers associated with Amazon, Apple, HBO, and Sony. Zoning is LARD1.5.
Key Highlights
- Six‑unit apartment property completed in 2022
- Approximately 8,156 square feet with two 4‑bedroom, two 3‑bedroom, and two 2‑bedroom residences
- 100% leased and non‑rent‑controlled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,237
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,624,740
$2.6M
Cap Rate 7%
$1,874,814
$1.9M
Cap Rate 9%
$1,458,189
$1.5M
Market Conditions
NOI Build-Up for 8,156 SF
Gross rent
$259.4K $31.80/SF
− Vacancy
−$20.7K −$2.54/SF
EGI
$238.6K $29.26/SF
− OpEx
−$107.4K −$13.17/SF
NOI
$131.2K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,624,740
Cap Rate 7%
$1,874,814
Cap Rate 9%
$1,458,189
Alternative Uses
Best Use
Apartment 5plus
$1.87M
$1.64M – $2.19M
NOI $131,237 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.41M
$2.98M – $3.97M
NOI $238,366 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,573
Businesses Nearby
Explore this area
Business Placement
Demographics for 90019, CA
62,002
Population
26,203
Households
2.4
Avg Household Size
38
Median Age
39%
College-Educated
80%
High-School Grad
3.9 sq mi
ZIP Area
15,898
Density / Sq Mi
$71,395
Median Household Income
$40,316
Median Earnings
$1,782
Median Rent
$1,178,100
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Recently constructed multifamily property with upgraded interiors, private outdoor areas, and individually metered utilities.
Where is this apartment building located?
The property is located at 4505 W 18 Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,749,000.
What are key features of this property?
This property features: Six‑unit apartment property completed in 2022; Approximately 8,156 square feet with two 4‑bedroom, two 3‑bedroom, and two 2‑bedroom residences; 100% leased and non‑rent‑controlled
