4647 W 18th St, Los Angeles, CA 90019

$3,349,000
16
BD
17
BA
7,250
SqFt
List Price
$3,349,000
MLS#
24-388309
Year Built
2024
Bedrooms
16
Bathrooms
17
Living Sq. Ft
7,250
Lot Size
6,500
Days on Market
16
Property Type
Multifamily
Style
Contemporary
Stories
3

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, fully vacant and NO RENT CONTROL comprising of 2 4 bed, 4 bath and 2 4 bed and 4.5 bath. 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.

Additional Information

Lot Description
2-4 Lots, Fenced
Other Buildings
None
Kitchen Features
Counter Top, Granite Counters
Pool Description
None
Heat
Central
Cooling
Central
View
City, Green Belt
Number of Cars in Garage
Attached, Carport Attached, Driveway, Garage - 2 Car, Private, Covered Parking
Garage Spaces Total
2
Water
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of Keller Williams Beverly Hills, Barbara Isabel - CA DRE#02057627

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