4637 W 18th St, Los Angeles, CA 90019
Los Angeles, CA$1,125,000
Property Description
Lyon Stahl Investment Real Estate is pleased to present 4637 W 18th Street, a 4-unit investment located in the Mid City neighborhood of Los Angeles. Situated on a 6,625 SF lot, 4637 W 18th Street is a massive 5,042 SF apartment building comprised of four (4) two-bedroom/one- bathroom units. Only three units are occupied, offering immediate upside to a new owner. The back of the lot has a detached garage that has four (4) covered parking spots which could be converted to ADU’s.
Property Features
- Sale Price: $1,125,000
- Area Size: 5,042 Sq. Ft.
- Land Area: 6,625 Sq. Ft.
- Year Built: 1928
- Listing Date: 8/3/2023
- Closing Date: 1/19/2024
- Units: 4
- Current GRM: 18.33
- Current Cap Rate: 3.48%
- Price Per Unit: $343,750
- Market GRM: 11.23
- Market Cap Rate: 6.82%
- Current NOI: $47,862
