4512 St Elmo Drive new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90019
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 8,100 sqft
Price per Sqft $487
MLS Listing ID BB-25181202
Style Modern
Year Built 2024
Lot Size 7,006 Sqft
Property Sub-Type Quadruplex
Property Description
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!
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Interior Features Open Floorplan,Recessed Lighting
Heating Central
Fireplaces Type None
Laundry Dryer Included,Electric Dryer Hookup,Washer Hookup,Washer Included
Exterior
Exterior Feature Lighting
Parking Features Garage,Uncovered
Garage Spaces 1.0
Pool None
Community Features Sidewalks,Street Lights
View Y/N Yes
View City Lights
Building
Lot Description Landscaped
Sewer Public Sewer