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4559 W 18Th St, Los Angeles, CA 90019
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4559 W 18Th St Los Angeles, CA 90019

$2,875,000 Sold Price as of 05/03/2024
  • 14 Beds
  • 14.5 Baths
  • 5,860 Sq.Ft.
Sold
$2,875,000 Sold Price as of 05/03/2024 Refinance Your Mortgage
Map preview of 4559 W 18Th St, Los Angeles, CA 90019

Property Overview: 4559 W 18Th St Los Angeles, CA has 14 bedrooms, 14.5 bathrooms, 5,860 living square feet and 5,602 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 4559 W 18th St is a 75% LEASED luxury NON-RENT CONTROLLED fourplex (triplex + ADU) in prime Mid-City! This property boasts a 5.54% cap rate, NO RENT CONTROL, all separate meters, premium luxury finishes, and a 1-year builder's warranty! Step into a top of the line, easy to manage investment that furnishes a high return on day one of ownership. 4559 W 18th St is made up of one 4 bedroom, 4.5 bathroom unit with a massive back deck (rented at $4,676), two 4 bedroom, 4 bathroom townhomes with huge balconies (rented at $4,999 and $4,800), and one spacious 2 bedroom, 2 bathroom ADU (pro forma rent of $2,850). Finding 4 units for less than 3 million is nearly impossible, so you’ll want to move fast on this one! Not to mention- finding 4 units that are fully leased prior to sale is even more rare! Now is the time to place your money in hiqh quality, tangible real estate as opposed to letting your money sit in the bank! This property is situated in the ultra-trendy Mid-City market, 10 minutes from Downtown Culver City and the countless hotspots in the area, including the trendy Helms Bakery District, the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the Cumulus District (Whole Foods). With the large quantity of entertainment, tech, and creative jobs in the area, this area attracts outstanding professional tenants!

Listed by Elizabeth Maddox | BRE #01921425 | Myunits.com Inc.
Co-listed by Ian Maddox | BRE #02030205 | Myunits.com Inc.
Last checked: 2 minutes ago | Last updated: May 5th, 2024 | Source CRMLS | DOM: 57

Home details

Lot Sq. Ft
5,602
HOA Dues
$0/mo
Year built
2023
Garage
3 Car
Property Type:
Fourplex
Status
Sold
MLS#
BB24026501
City
Los Angeles
County
Los Angeles
Time on Site
92 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 5
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,676
  • Total Rent: $4,676
  • Pro Forma/Market Rent: $4,999
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,800
  • Total Rent: $4,800
  • Pro Forma/Market Rent: $4,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,999
  • Total Rent: $4,999
  • Pro Forma/Market Rent: $4,999
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.54%
  • Gross Rent Multiplier: 13.83
  • Gross Scheduled Income: $207,906
  • Net Operating Income: $159,363
  • Gross Operating Income: $199,590
Annual Expense Breakdown
  • Total Operating Expense: $40,227
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $34,483
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $2,344
  • Maintenance: $1,600
  • Water/Sewer: $0

Virtual Tour

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Property Details for 4559 W 18Th St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, Gas Dryer Hookup, Inside, Washer Hookup, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Vinyl
  • Kitchen, Living Room, Main Floor Bedroom
Kitchen Information
  • Has Appliances
  • Dishwasher, Electric Oven, Freezer, Disposal, Refrigerator
Interior Features
  • Balcony, Living Room Balcony, Living Room Deck Attached, Open Floorplan, Unfurnished
  • Levels: Three Or More
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Back Yard, Landscaped
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights, Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5071021047
  • Year Built Source: Assessor
  • Architectural Style: Modern
  • Entry Level: 1
  • Property is not Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Heading North onVineyard Ave, make a right onto 18th St, property will be on your left.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 4559 W 18Th St

Last sold for $2,875,000 on May 3rd, 2024

  • May, 2024

  • May 3, 2024

    Date

    Sold

    CRMLS: BB24026501

    $2,875,000

    Price

  • Feb 7, 2024

    Date

    Active

    CRMLS: BB24026501

    $2,995,000

    Price

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: PW23176115

    $3,050,000

    Price

  • Sep 20, 2023

    Date

    Active

    CRMLS: PW23176115

    $3,100,000

    Price

  • Listing provided courtesy of CRMLS

    This 2023 construction has a 3-story front and back massive duplex, a 3 story single-family unit + ADU, with a lot size of 5,600 square feet. The front duplex features 4 bedrooms and 4 bathroom units with a dedicated “studio” bedroom with wet bar on the 1st floor of each side. The back units consists of 4 bedrooms and 4½ bathrooms on the 2nd and 3rd floors and a 1st floor ADU with 2 bedrooms and 2 bathrooms with comfortable living areas, dining rooms, and kitchens. The home also features hardwood floors throughout and elevated living experience with high-quality European design cabinets, catering to discerning tenants in search of contemporary aesthetics and functionality. The property is located in a highly desirable neighborhood in Los Angeles, known for its accessibility to various amenities and attractions. The property is near major highways, making it easy to commute to work and other destinations. Additionally, the neighborhood is home to a wide range of shops, restaurants, and entertainment options. The property has significant potential to increase in value over time, given the growing demand for homes in this area. Invest with peace of mind thanks to a 1-year builder's warranty, ensuring a smooth transition for both investors and tenants. Besides, enjoy the advantage of exemption from rent control regulations, enabling market-driven rent adjustments that align with the dynamic rental landscape of Los Angeles.

  • October, 2023

  • Oct 30, 2023

    Date

    Leased

    CRMLS: PW23168942

    $5,200

    Price

  • Sep 8, 2023

    Date

    Active

    CRMLS: PW23168942

    $5,200

    Price

  • Listing provided courtesy of CRMLS

    4 Bedrooms for Rent in in the heart of the West Adams neighborhood! 4 Bedrooms | 4.5 Bathrooms | 1,717 sqft | 4559 W 18th St, Los Angeles Don't Miss the MOVE-IN SPECIAL! 1 MONTH FREE!! The advertised price is based on the NET EFFECTIVE RENT. The net effective rent is calculated by taking the concession of 4 weeks free and dividing it up over the lease term. Tenant will receive a one-time credit of 4 WEEKS FREE. The net effective rent is only to show you the savings over the lease term. The market rent is $5,200 This brand new four-bedroom, four-and-a-half-bathroom townhouse is a stunning example of modern luxury living in Los Angeles. Boasting 1,717 square feet of living space, this townhouse is perfect for working millennials, flatmates, coworkers, seeking a spacious and stylish home in a prime location. The townhouse comes complete with all appliances, including a refrigerator, stove, dishwasher, and in-unit washer and dryer. The European style kitchen cabinets are a sleek addition to the contemporary design. One bedroom has access to the massive back balcony as well as access through the living space. This townhouse comes with a 1 car garage, ensuring your vehicle is always safe and secure. The community is pet-friendly, allowing you to bring along your furry friends with an additional deposit. *Tenant responsible for all utilities (water/sewer, trash, gas, electricity). *No smoking allowed. *Pets permitted ($500 security deposit, no monthly fee). *Key fee ($25). *No smoking allowed. *Pets permitted.

  • September, 2023

  • Sep 9, 2023

    Date

    Canceled

    CRMLS: PW23078973

    $5,200

    Price

  • May 8, 2023

    Date

    Active

    CRMLS: PW23078973

    $5,400

    Price

  • Listing provided courtesy of CRMLS

    Welcome to your new home in the heart of the West Adams neighborhood! This brand new four-bedroom, four bath townhouse is a stunning example of modern luxury living in Los Angeles. Boasting 1,638 square feet of living space, this townhouse is perfect for working millennials, flatmates, coworkers, seeking a spacious and stylish home in a prime location. The townhouse comes complete with all appliances, including a refrigerator, stove, dishwasher, and in-unit washer and dryer. It also has a highly coveted 2 car tandem garage with storage space. The European style kitchen cabinets are a sleek addition to the contemporary design, and the 2 large balconies off the 2nd story and 3rd story bedrooms offer great views of the surrounding area. First floor bedroom features a small wet bar and en-suite making it almost it's own studio! The community is also pet-friendly, allowing you to bring along your furry friends with an additional deposit. The location is unbeatable, with easy access to major highways, public transportation, and all of the vibrant culture that West Adams has to offer. Vee's Cafe, Vicky's Mizlala, Alta, Tartine are all within easy walking distance. Whether you're looking for a night out on the town or a quiet night in, this townhouse has everything you need to live your best life in Los Angeles.

  • September, 2023

  • Sep 9, 2023

    Date

    Canceled

    CRMLS: PW23077692

    $5,200

    Price

  • May 5, 2023

    Date

    Active

    CRMLS: PW23077692

    $5,200

    Price

  • Listing provided courtesy of CRMLS

    Welcome to your new home in the heart of the West Adams neighborhood! This brand new four-bedroom, four-and-a-half-bathroom townhouse is a stunning example of modern luxury living in Los Angeles. Boasting 1,717 square feet of living space, this townhouse is perfect for working millennials, flatmates, coworkers, seeking a spacious and stylish home in a prime location. The townhouse comes complete with all appliances, including a refrigerator, stove, dishwasher, and in-unit washer and dryer. The European style kitchen cabinets are a sleek addition to the contemporary design, and the large balconies offer great views of the surrounding area. One bedroom has access to the massive back balcony as well as access through the living space. Perfect for SoCal living. With a one-car garage, you'll never have to worry about parking on the street, and the community is pet-friendly, allowing you to bring along your furry friends with an additional deposit. The location is unbeatable, with easy access to major highways, public transportation, and all of the vibrant culture that West Adams has to offer. Whether you're looking for a night out on the town or a quiet night in, this townhouse has everything you need to live your best life in Los Angeles.

  • August, 2023

  • Aug 1, 2023

    Date

    Canceled

    CRMLS: PW23113728

    $3,100,000

    Price

  • Jun 27, 2023

    Date

    Active

    CRMLS: PW23113728

    $3,100,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 4559 W 18th Street. The property consists of a Duplex + SFR + ADU. This remarkable new construction income-generating property offers the perfect blend of modern finishes, prime location, and strong cash flow potential with a cap rate of over 5%. Situated in the vibrant and sought-after Mid City neighborhood, this newly built quadplex is ideally positioned to take advantage of all that Los Angeles has to offer. With easy access to major transportation routes, bustling commercial areas, and renowned entertainment destinations, this location caters to both tenants seeking a convenient urban lifestyle and investors looking for long-term profitability. Each unit has been meticulously designed with contemporary finishes and thoughtful layouts to ensure maximum comfort and appeal. The property comprises four spacious units, featuring a total of 14 bedrooms and 14 bathrooms. These units boast open-concept living areas, allowing for seamless interaction between the kitchen, dining, and living spaces. The well-appointed kitchens are equipped with modern appliances, sleek quartz countertops, and ample storage. Investors will be thrilled with the impressive cap rate of over 5%, which highlights the excellent income potential this new construction quadplex holds. With a strong rental market and increasing demand for housing in Los Angeles, this property presents an outstanding opportunity to maximize your investment returns.

  • July, 2023

  • Jul 16, 2023

    Date

    Leased

    CRMLS: PW23079039

    $3,000

    Price

  • May 8, 2023

    Date

    Active

    CRMLS: PW23079039

    $3,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to your new home in the heart of the West Adams neighborhood! This brand new 2 bedroom, 1 bathroom first floor unit is a stunning example of modern luxury living in Los Angeles. Boasting 767 square feet of efficient living space, this unit is perfect for working millennials, flatmates, coworkers, seeking a stylish home in a prime location. The unit comes complete with all appliances, including a refrigerator, stove, dishwasher, and in-unit washer and dryer. The European style kitchen cabinets are a sleek addition to the contemporary design. The community is also pet-friendly, allowing you to bring along your furry friends with an additional deposit. Plenty of street parking on this rapidly transitioning street. The location is unbeatable, with easy access to major highways, public transportation, and all of the vibrant culture that West Adams has to offer. Vee's Cafe, Vicky's, Mizlala, Alta, Tartine are all within easy walking distance. Whether you're looking for a night out on the town or a quiet night in, this unit has everything you need to live your best life in Los Angeles.

  • March, 2021

  • Mar 3, 2021

    Date

    Sold

    CRMLS: 21677662

    $800,000

    Price

  • Jan 8, 2021

    Date

    Active Under Contract

    CRMLS: 21677662

    $900,000

    Price

  • Listing provided courtesy of CRMLS

    Heavy Fixer with large lot

  • March, 2021

  • Mar 2, 2021

    Date

    Sold (Public Records)

    Public Records

    $800,000

    Price

Show More

Tax History for 4559 W 18Th St

Assessed Value (2020): $161,988
Year Land Value Improved Value Assessed Value
2020 $145,838 $16,150 $161,988

Home Value Compared to the Market

This property vs the competition

4559 W 18Th St sold on May 3, 2024 for 141.6% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $490.61 per/sqft which puts the price per square foot 35.02% lower than the current median sale per square foot for the city of Los Angeles.

About 4559 W 18Th St

Detailed summary of property

4559 W 18Th St is a fourplex that recently sold in Los Angeles, CA 90019. This fourplex offered 14 bedrooms, 14.5 bathrooms, roughly 5,860 living square feet, and sits on an approximately 5,602 square foot lot. 4559 W 18Th St was first listed on ArdentRealEstateGroup.com on February 7, 2024. The homeowner sold the property for $2,875,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 141.6% higher than the current median priced home. Local homes that are currently for sale include 3837 Montclair St, 2203 4th Ave and 1366 S Burnside Ave. While the average home in Los Angeles, CA is selling in 93 days, 4559 W 18Th St has a days on market of 57 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 4559 W 18Th St Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4559 W 18Th St

Public county record property details
Beds
3
Baths
1
Year built
1922
Sq. Ft.
821
Lot Size
5,600
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
27
APN
5071-021-047

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,675,000
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
67
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

Thinking of Selling?

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Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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