4536 W 18th Street, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath

4536 W 18th Street, Los Angeles, California 90019 home-pic-0
ACTIVE$3,599,000
4536 W 18th Street, Los Angeles, California 90019
0Bed
0Bath
6,864Sqft
7,001Lot
Year Built
2024
Close
-
List price
$3.6M
Original List price
$3.7M
Price/Sqft
$524
HOA
-
Days on market
-
Sold On
-
MLS number
OC25002442
Home ConditionExcellent
Features
Excellent View: City Lights, Coastline, Hills, Neighborhood, Panoramic
Deck
Patio
ViewCity Lights,Coastline,Hills,Neighborhood,Panoramic

About this home

We found 3 Cons,5 Pros. Rank: price - $3.60M(92th), sqft - 6864(92th), beds - undefined(50th), baths - undefined(50th).

FULLY LEASED LUXURY FOURPLEX with AMAZING PANORAMIC VIEWS Mid-City, Los Angeles Exciting newly constructed luxury fourplex presents an outstanding investment opportunity! Not subject to rent control. All units have 4 bedrooms, 4 bathrooms, and private roof decks. Two are 1,893 SF, each with 819 SF roof decks Two are 1,539 SF, each with 672 SF roof decks. STRUCTURAL: The widely renowned firm of Gouvis Engineering was brought in to ensure a finished project that is second to none. Higher standards of construction and uncommon upgrades elevate this property to a higher level that will inspire confidence and pride of ownership with any investor. From the top down: ROOF: Each unit includes a large private roof deck with expansive views of Hollywood hills, downtown skyline, mountains, coastline, city lights, and night sky. The added living space available on each deck make them a key feature for residents. THIRD LEVEL: 3 spacious bedrooms with large closets, en suite bathrooms beautifully adorned with quartz (Carrera) countertops and custom tilework, and 1 of 2 laundries. SECOND LEVEL: Another large bedroom and guest bathroom (with similar attributes as above). The gorgeous kitchen features stainless steel appliances, a large island (with slide-in range, hood, and space for counter seating), quartz counters, tile backsplash, and handsome white shaker cabinetry (providing plenty of storage). The kitchen is open to the adjoining living room and dining area. This is a perfect place for gatherings and entertaining! FIRST LEVEL: Outdoor patios, oversized tandem garage featuring an additional laundry, two 220V outlets for electric vehicle charging, bike and storage space, plus extra floor space for work out equipment. SOME ADDITIONAL FEATURES: Private backyard patios, 100% permeable paver driveway (gated), tankless water heaters with circulating hot water, luxury vinyl plank flooring throughout, ceiling fans, Milgard windows (more than typical), lots of recessed lighting, fire sprinkler system, PEX supply lines, cast-iron waste lines, and separate meters for electricity, gas, and water. (see supplements for more information). Less than 5 miles to USC, close to Arts and Entertainment, dining, shopping, downtown, and transportation. These units are attractive to a discerning rental market looking for higher end properties. A must-see investment opportunity!

Price History

Date
Event
Price
09/06/19
Sold
$1,020,000
Condition Rating
Excellent

This property is a newly constructed luxury fourplex, built in 2024. All components are brand new, featuring modern, high-quality finishes and systems. The kitchens boast stainless steel appliances, quartz countertops, tile backsplashes, and white shaker cabinetry. Bathrooms are similarly updated with quartz countertops and custom tilework. Luxury vinyl plank flooring is installed throughout, and the property includes modern amenities like tankless water heaters, recessed lighting, Milgard windows, and EV charging outlets. The overall condition is pristine with no deferred maintenance, aligning perfectly with the 'Excellent' criteria for a newly built property.
Pros & Cons

Pros

New Construction & High-Quality Build: Built in 2024 with 'higher standards of construction' and 'uncommon upgrades' by Gouvis Engineering, ensuring modern design, structural integrity, and minimal immediate maintenance.
Strong Investment Opportunity: A fully leased luxury fourplex, not subject to rent control, offering immediate income generation and targeting a discerning, high-end rental market in a desirable Los Angeles location.
Exceptional Panoramic Views & Private Roof Decks: Each unit boasts a large private roof deck with expansive views of Hollywood Hills, downtown skyline, mountains, coastline, and city lights, significantly enhancing tenant appeal and property value.
Modern & Comprehensive Unit Features: Each unit includes 4 bedrooms and 4 bathrooms, en-suite bathrooms, gourmet kitchens with stainless steel appliances and quartz counters, tankless water heaters, EV charging, and separate utility meters.
Strategic Mid-City Location: Located in Mid-City, Los Angeles, less than 5 miles from USC and close to major arts, entertainment, dining, shopping, and transportation hubs, ensuring high tenant demand.

Cons

Absence of Cooling System: The property description does not mention any air conditioning or cooling system, which is a significant drawback for luxury rentals in the often-warm Los Angeles climate.
Inconvenient Tandem Garages: While each unit has an oversized garage, the tandem parking configuration can be impractical and inconvenient for residents with multiple vehicles or frequent guests.
Recent Price Adjustment: A $100,000 reduction from the original list price may indicate initial overpricing or a slower market absorption, potentially signaling a need for further negotiation.

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