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4523 St Elmo Dr, Los Angeles, CA 90019
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4523 St Elmo Dr Los Angeles, CA 90019

$3,290,000 Sold Price as of 09/16/2022
  • 16 Beds
  • 14 Baths
  • 5,703 Sq.Ft.
Sold
$3,290,000 Sold Price as of 09/16/2022 Refinance Your Mortgage
Map preview of 4523 St Elmo Dr, Los Angeles, CA 90019

Property Overview: 4523 St Elmo Dr Los Angeles, CA has 16 bedrooms, 14 bathrooms, 5,703 living square feet and 7,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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 Core™ for each unit. The Proto Core™ 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 quality professional tenants.

Listed by Elizabeth Maddox | BRE #01921425 | The 2-4 Unit Specialists
Co-listed by Ian Maddox | BRE #02030205 | The 2-4 Unit Specialists
Last checked: 12 minutes ago | Last updated: September 19th, 2022 | Source CRMLS | DOM: 35

Home details

Lot Sq. Ft
7,000
HOA Dues
$0/mo
Year built
2022
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
BB22138530
City
Los Angeles
County
Los Angeles
Time on Site
692 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $6,200
  • Total Rent: $6,200
  • Pro Forma/Market Rent: $6,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,595
  • Total Rent: $4,595
  • Pro Forma/Market Rent: $4,595
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,595
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,595
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.34%
  • Gross Rent Multiplier: 14.38
  • Gross Scheduled Income: $239,820
  • Net Operating Income: $184,095
  • Gross Operating Income: $230,227
Annual Expense Breakdown
  • Total Operating Expense: $46,133
  • New Taxes: $40,533
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $2,800
  • Maintenance: $1,600

Virtual Tour

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Property Details for 4523 St Elmo Dr

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, Gas Dryer Hookup, Inside, Washer Hookup, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Kitchen, Laundry, Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Information
  • Roof: Flat
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: Landscaped, Level with Street, Sprinklers Drip System
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights, Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5071012047
  • Year Built Source: Builder
  • Architectural Style: Modern
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Head south on West Blvd toward Saturn St. Turn right onto St Elmo Dr and property is on your right.
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 4523 St Elmo Dr

Last sold for $3,290,000 on September 16th, 2022

  • September, 2022

  • Sep 16, 2022

    Date

    Sold

    CRMLS: BB22138530

    $3,290,000

    Price

  • Jun 27, 2022

    Date

    Active

    CRMLS: BB22138530

    $3,449,000

    Price

  • July, 2020

  • Jul 24, 2020

    Date

    Sold

    CRMLS: 20580238

    $925,000

    Price

  • Jun 4, 2020

    Date

    Pending

    CRMLS: 20580238

    $950,000

    Price

  • May 18, 2020

    Date

    Active

    CRMLS: 20580238

    $950,000

    Price

  • Listing provided courtesy of CRMLS

    ATTN INVESTORS AND DEVELOPERS: Large and Prime Mid-City LARD1.5 Development Lot. Was recently in escrow (Feb 2020) for almost $1 million, and NOW PRICED BELOW MARKET DUE TO COVID-19. (Subject to cancellation of previous escrow). MOTIVATED SELLER & VACANT. There are LADBS vetted plans (possibly approved - via last escrow) for new construction 4-plex development (16BR, 12BA). Could also be 2 duplexes on a lot. Could also be Small Lot Subdivision. SELLER IS PRIMARILY LOOKING AT CASH OFFERS ONLY OR NON-CONTINGENT, TO BUY AS-IS. The "X-Factor"? This property is a 100% FLAT SITE, yet perched on a hill with 180-degree CITY LIGHTS VIEWS of Hollywood Hills. MAKE OFFER NOW. There are at least 5 examples within a 2 mile radius of this property in last few years of "new construction 4 units" in this area built and already sold between $2.5 million - $3.2 million.

  • July, 2020

  • Jul 24, 2020

    Date

    Sold (Public Records)

    Public Records

    $925,000

    Price

Show More

Tax History for 4523 St Elmo Dr

Assessed Value (2020): $36,478
Year Land Value Improved Value Assessed Value
2020 $25,751 $10,727 $36,478

Home Value Compared to the Market

This property vs the competition

4523 St Elmo Dr sold on September 16, 2022 for 189.83% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $604.77 per/sqft which puts the price per square foot 19.9% lower than the current median sale per square foot for the city of Los Angeles.

About 4523 St Elmo Dr

Detailed summary of property

4523 St Elmo Dr is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 16 bedrooms, 14 bathrooms, roughly 5,703 living square feet, and sits on an approximately 7,000 square foot lot. 4523 St Elmo Dr was first listed on ArdentRealEstateGroup.com on June 27, 2022. The homeowner sold the property for $3,290,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 189.83% higher than the current median priced home. Local homes that are currently for sale include 1532 S Wilton Pl, 1921 Carmona Ave and 730 Crenshaw Blvd. While the average home in Los Angeles, CA is selling in 92 days, 4523 St Elmo Dr has a days on market of 35 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 4523 St Elmo Dr Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4523 St Elmo Dr

Public county record property details
Beds
2
Baths
1
Year built
1913
Sq. Ft.
1,928
Lot Size
7,000
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
19
APN
5071-012-047

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,599,800
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
70
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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Recently Sold Homes Near 4523 St Elmo Dr

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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