4711 St Elmo Dr, Los Angeles, CA 90019

$1,699,000
5
BD
5
BA
2,503
SqFt
List Price
$1,699,000
MLS#
24-374883
Year Built
1902
Bedrooms
5
Bathrooms
5
Living Sq. Ft
2,503
Lot Size
6,441
Days on Market
16
Property Type
Multifamily
Stories
2

Property Description

Presenting an incredible investment opportunity in the best part of Mid City, this extraordinary income producing property is a brand-new 2024-built 4-plex. The stunning design of these units provides a unique living experience with breathtaking views of Century City / Hollywood. Three beautifully designed 1-bedroom units and one 2-bedroom unit, each residence has been remodeled to the highest level of finishes.This property is a completely rebuilt front duplex, featuring two brand-new 2024-built accessory dwelling units (ADUs), and it includes a shovel-ready 5th unit with the permit paid for an approximately 500 square foot unit vaulted and free standing in the front of the property. Two of the four units are currently leased within less than 30 days on market. The property is set up for immediate cash flow and would make for a great choice for 1031 Exchange buyers, as it can be delivered fully leased if buyer doesn't want to procure additional two tenants. The meticulous attention to detail includes a total gut remodel with new roof, power, plumbing, AC, and soundproof walls. Structural integrity is reinforced with added support for the foundation, including bolting and shear wall all around the property. To ensure the safety and security of the premises, security cameras have been installed.Projected to gross high income with minimal maintenance, these units attract A+ tenants with high-income producing jobs, thanks to their proximity to trendy locations near Culver City and Beverly Hills. These are not your average new construction apartments; the solid finishes and layouts allow tenants to easily envision their living space. Now you can own a portfolio offering both immediate cash flow and long-term success.

Additional Information

Other Buildings
None
Heat
Forced Air
Cooling
Air Conditioning
Number of Cars in Garage
Assigned

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Courtesy of Chelsea Properties, Elizabeth Friedman - CA DRE#01507367

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