4512 St Elmo Dr - Multi-Family FOR SALE


Los Angeles, CA 90019- Mid-City
$3,950,000 USD
213-302-8662
4512 St Elmo Dr, Los Angeles, CA for Sale
$3,950,000 USD
Multi-Family - FOR SALE
1/29
null | 5.58% Cap Rate

4512 St Elmo Dr
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • Fully stabalized AT A REAL 5.58% CAP RATE! + No rent control!
  • Rare opportunity to acquire 6 units in premium Mid-City location!
  • Massive property- 8,100 livable square feet (not including garage)!
  • Majorly elevated units with high ceilings, expansive balconies, and premium finishes.
  • Property comes FULLY LOADED with premium stainless steel kitchen appliances, washers and dryers. Totally turnkey!
  • All units separately metered for gas, electric AND water! Microscopic expenses!

OVERVIEW

The 5+ Unit Specialists are pleased to present 4512 St. Elmo Dr, a rare newer construction 6 unit (4 townhomes + 2 large, attached ADU’s) in prime Mid-City! Fully stabilized at phenomenal rents, boasting a REAL 5.58% CAP RATE!! This premium new construction property is comprised of two massive buildings (a whopping 8,100 square feet!) containing two expansive 4 bedroom, 3 bathroom tri-level units, two 3 bedroom, 3 bathroom trilevel units, and two large 2 bedroom, 2 bathroom units. In addition to its incredible design and curb appeal, 4512 St. Emlo Dr. boasts NO RENT CONTROL, high return, and separate meters for all utilities! This totally turnkey 6-unit features washers and dryers in all units, stainless steel appliances, high ceilings, massive balconies off the living rooms and bedrooms, ample windows letting in tons of natural light, gorgeous modern kitchens and bathrooms, and beautifully designed landscaping. 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!

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$488 USD /SF

# OF UNITS

6

PRICE/UNIT

$658,333

CAP RATE

5.58%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sleek 2024 6-Unit in Prime Mid-City

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,006 SF

ZONING

LARD1.5

APN/PARCEL ID

5071-021-031

ASK ABOUT THIS PROPERTY

Lauren CearleyMyunits.com IncMore Info
213-302-8662

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Lauren CearleyMyunits.com IncMore Info
213-302-8662

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.