4507 18Th St Los Angeles, CA 90019

This exceptional 2022-built, fully leased six-unit apartment building presents a rare investment opportunity in Los Angeles's desirable Mid-City neighborhood. The property encompasses 8,156 square feet across two three-story buildings, featuring a mix of spacious units: four three-bedroom, three-bathroom townhomes and two two-bedroom, two-bathroom units. All units are currently occupied at market rates, generating a strong net operating income (NOI) of $229,587, resulting in a compelling 5.40% capitalization rate. Each unit boasts premium finishes, including stainless steel appliances, in-unit washers and dryers, high ceilings, and expansive balconies. The property also benefits from separate utility meters for gas, electric, and water, minimizing operating expenses. Situated on a 7,000 square foot lot, the property includes four parking spaces and is zoned LARD1.5. Its prime location offers convenient access to major employment centers, including the Helms Bakery District, Culver City Steps (Amazon Studios), Ivy Station (HBO headquarters), and the Cumulus District (Whole Foods), ensuring consistent high demand for rental units. The absence of rent control further enhances the investment potential. This turnkey property is priced at $4,250,000, or $708,333.33 per unit, and represents a significant opportunity for investors seeking a high-yield, low-maintenance asset in a thriving Los Angeles market. The property is ready for immediate closing, making it an ideal 1031 exchange opportunity.