4711 St Elmo Dr - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City
$1,725,000 USD
424-377-6001
4711 St Elmo Dr, Los Angeles, CA for Sale
$1,725,000 USD
Apartments - FOR SALE
1/35
null | 6.32% Cap Rate

4711 St Elmo Dr
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • 6.32% Current Cap Rate
  • Rare Newer Construction Investment Opportunity
  • Modern Finishes with Modern Amenities
  • No Expense Spared During Construction
  • New Main Water and Sewer Line
  • Ideal for Owner/User or Investor

OVERVIEW

We are excited to present 4711 St Elmo Drive, a remarkable 5-unit property in Mid-City Heights, newly constructed between 2023 and 2024, offering a CURRENT 6.32% CAP RATE. This turnkey investment features three separate buildings situated on a 6,450 square foot lot. The front structure is a brand-new, one-bedroom, one-bath single-family home, completed in 2024, with no shared walls. The middle structure is a fully renovated duplex, consisting of two one-bedroom, one-bath units, with an extensive gut renovation completed in 2023. This renovation included all-new electrical, plumbing, HVAC, windows, and more, with no expense spared. The rear structure is a newly built duplex, featuring one one-bedroom, one-bath unit and one two-bedroom, two-bath unit. All units are equipped with high-end finishes, including modern vinyl plank flooring, tile showers, quartz countertops, mini-split HVAC systems, stainless steel appliances, recessed lighting, and in-unit washers and dryers. Additionally, new main water and sewer lines have been installed. Fully occupied by qualified tenants, this property represents a rare and exceptional investment opportunity.

FOR SALE DETAILS

PRICE

$1,725,000 USD

PRICE/SF

$594 USD /SF

# OF UNITS

5

PRICE/UNIT

$345,000

CAP RATE

6.32%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

RD1.5

APN/PARCEL ID

5071-022-054

ASK ABOUT THIS PROPERTY

Benjamin HsiangRealty Investment AdvisorsMore Info
424-377-6001

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Benjamin HsiangRealty Investment AdvisorsMore Info
424-377-6001

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