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$ 4,250,000
Est. payment | /mo
8 Beds
6,534 Sqft Lot
$ 4,250,000
Est. payment | /mo
8 Beds
6,534 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV25220483
Bedrooms 8
Lot Size 6,534 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
HIGHLIGHTS: Strong yield with a current in-place CAP Rate of 5.31% & a ProForma CAP Rate of 5.51% / Comparable sales within 0.5 radius are trading at an average of mid 5 CAP rate range, with 86% of those sales delivered vacant / Rental Demand & Growth Located in a high-demand rental corridor with +6% to +24% rent growth potential based on comparable properties & unit size / 6082 W 18th (Front) Townhome-Style Unit 3 Bed / 2 Bath, 1,246 sq. ft. (1st & 2nd levels) & Flat 2 Bed / 1 Bath, 960 sq. ft. (3rd level) / 6084 W 18th (Middle) Flat 1 Bed / 1 Bath, 564 sq. ft. (ground level) & Townhome-Style Unit 4 Bed / 2.5 Bath, 1,366 sq. ft. (2nd & 3rd levels) / 6086 W 18th (Rear) Townhome-Style Unit 3 Bed / 2 Bath, 1,089 sq. ft. (1st & 2nd levels) & Flat 2 Bed / 2 Bath, 1,001 sq. ft. (3rd level) 60826086 W 18th St. Los Angeles, a stunning collection of three newly constructed (2023) modern buildings totaling six (6) high quality rental units. The property totals 6,226 square feet on a 0.15 acre lot. Each residence has been thoughtfully designed with open layouts, premium finishes, excellent lighting, and generous floor plans, ideal for todays urban lifestyle. 3 Townhome-Style Units Spacious two-level residences averaging 1,234 sq. ft., ideal for families and professionals seeking larger layouts. 3 Flats Efficient single-level residences averaging 842 sq. ft., well-suited for students, singles, and couples.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Located on West 18th Street.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 5066005004
Listed by ALBERT LE LE INVESTMENT GROUP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "