34.042118 -118.33721

4523 St Elmo Drive LOS ANGELES, CA 90019

318426542 34.042118 -118.33721 124 /listing/318426542-150289632/4523-st-elmo-drive-los-angeles-ca-90019 False 0 3449000.0 105 BB22138530 False
  • $3,449,000
  • 0.16 lot
  • Est payment $18514.98/mo

Property & Neighborhood Info

Courtesy Of Elizabeth Maddox, DRE#01921425, The 2-4 Unit Specialists

Multi-Family in Los Angeles

4523 St Elmo Dr. is a premium new construction fourplex in red-hot Mid-City a short walk to the Midtown Shopping Center and a few minute drive to Downtown Culver City! This ultra-upscale property will be delivered 50% leased with tenants paying $6,200 and $4,595, making for an extraordinary cap rate of 5.34%! Additionally, there are multiple applications in hand for the final 2 units (HUGE demand)! The property is comprised of two impressive 3-story buildings, each containing two 4 bedroom/3.5 bathroom townhome-style units with sleek, modern finishes. 4523 St Elmo isn’t your ordinary new construction property. It’s been elevated in every sense! It comes fully loaded with washers and dryers, solar panels on both buildings, EV chargers for each unit, stainless steel appliances, Nest Thermostats, Ring Doorbells, blinds, and most importantly, a Proto Coreâ„¢ for each unit. The Proto Coreâ„¢ is a control room that can be accessed from the exterior by maintenance workers, which consolidates all electrical, plumbing, heating, cooling, security, and WiFi systems into one space. This streamlined system makes maintenance a breeze on St Elmo- a dream come true for buyers looking for an easy to manage, high cash flow investment!In addition to the impressive return and designer appeal, buyers will enjoy other notable perks including: NO RENT CONTROL, 8 parking spaces in a large parking lot, tastefully designed drought tolerant landscaping, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come. Located 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, 4523 St Elmo attracts high qua

Courtesy Of Elizabeth Maddox, DRE#01921425, The 2-4 Unit Specialists
  1. 0.16 Lot

Main Features

  • Listing Status: Contract Pending
  • Year Built: 2022
  • County: LOS ANGELES
  • Taxes: $40,533.00
  • Units: 4
  • Zoning: LARD1.5
  • MLS Number:BB22138530

Additional Features

  • Cooling:
    • CentralAir
  • Laundry:
    • GasDryerHookup
    • Inside
    • WasherHookup
  • Appliances:
    • Dishwasher
    • Dryer
    • GasOven
    • GasRange
    • Microwave
    • Refrigerator
    • Washer
  • Fireplace:
    • N
    • None
  • Architecture:
    • Modern
  • Building Square Feet:
    • 5703
  • Common Walls:
    • Item1CommonWall
  • Garage:
    • N
  • Levels:
    • ThreeOrMore
  • New Construction:
    • Y
  • Roof:
    • Flat
  • View:
    • CityLights
    • Neighborhood
    • Y
  • Year Built Source:
    • Builder
  • Condition:
    • Turnkey
  • Lot Description:
    • DripIrrigationBubblers
    • Landscaped
    • StreetLevel
  • Pool:
    • None
  • Spa:
    • None
  • Spa YN:
    • false
  • Heating:
    • Central
  • Sewer:
    • PublicSewer
  • Community Features:
    • Curbs
    • Sidewalks
    • StreetLights
  • Number of Buildings:
    • 2
  • Water:
    • Public
  • Gross Income:
    • 19985
    • 239820
  • Net Operating Income:
    • 184095
  • Terms:
    • Submit
  • CDOM:
    • 35
  • HOA:
    • N
  • Special Conditions:
    • Standard
  • Tenant Pays:
    • AllUtilities
  • Annual Trash Expense:
    • 0
  • Cap Rate:
    • 5.34
  • Co Listing Agent Email:
    • ian@twotofour.com
  • DOM:
    • 35
  • Gross Scheduled Income:
    • 239820
  • Insurance Expense:
    • 2800
  • Listing Service:
    • FullService
  • Listing Type:
    • ExclusiveRightToSell
  • Listing Key:
    • 1019284633
  • Office Co List Name:
    • The 2-4 Unit Specialists
  • Office Co List Phone:
    • 8188597242
  • Operating Expense:
    • 46133
  • Parcel Number:
    • 5071012047
  • Virtual Tour:
    • https://www.twotofour.com/4523stelmo
    • https://www.youtube.com/watch?v=KrovF0-6KOs
Neighborhood info courtesy of Homes.com © 2022

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Frank LoGrasso
Frank LoGrasso
Real Estate Broker
9042 Garfield #316 HUNTINGTON BEACH CA 92646
Request More Info
34.042118 -118.33721

4523 St Elmo Drive LOS ANGELES, CA 90019

318426542 34.042118 -118.33721 124 /listing/318426542-150289632/4523-st-elmo-drive-los-angeles-ca-90019 False 0 3449000.0 105 BB22138530 False
  • $3,449,000
  • 0.16 lot
  • Est payment $18514.98/mo