Property Detail

Description

HIGHLIGHTS: PROPERTY IS NOT SUBJECT TO RENT CONTROL / 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) 6082–6086 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 today’s 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.