4537 St Elmo Drive, Los Angeles, CA 90019

About this property

We are pleased to present for sale this rare and charming 4 Unit building, in Mid-City of Los Angeles with 50% delivered VACANT. Completely rebuilt in 2020 as a trophy investment, this immaculately renovated and rare opportunity is poised for an investor looking for significant returns without any renovation needed. Beautiful wood and stone work lead to (4) spacious 4 Bedroom and 3 Bathroom Units, with (2) Units having balconies. After leasing out the property, a 5.82% Cap Rate will be achieved with 7.2% Cash on Cash returns with 30% Down Payment. Tenants will enjoy stainless steel appliances, front loading washer and dryers, quartz countertops, dual pane windows, a dog run, secured parking and building entry, and HVAC systems. Furthermore, the property includes security cameras and motion lights. An ideal "hands-off" investment for an owner. Buyer to conduct ANY/ALL due diligence to the property and acquisition.

Listing description from the August 2021 sale, as reported to CRMLS.

Sale history

$2,450,000

Sold August 2021 · listed $2,500,000, on market May 2021 · MLS #SB21104066 · Source: CRMLS

Listing Agent: Rebecca Thiedeman · Listing Office: Califano Realty · Contact: 310-521-1000 · Bought with: CARISSA TSU · IRN REALTY

$2,400,000

Sold April 2021 · listed $2,495,000, on market November 2020 · MLS #20665054 · Source: CRMLS

Listing Agent: SJ Van Der Berg · Listing Office: Vault Brokerage · Contact: 323-446-3830 · Bought with: Daniel Hirth · Keller Williams-Santa Monica

$1,000,000

Sold March 2019 · listed $1,149,000, orig. $1,349,000, on market November 2018 · MLS #18405748 · Source: CRMLS

Listing Agent: John Kostrey · Listing Office: Nourmand & Associates-HW · Contact: 323-462-6262 · Bought with: Katharine Deering · Nourmand & Associates-HW

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