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4537 St Elmo Dr, Los Angeles, CA 90019
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4537 St Elmo Dr Los Angeles, CA 90019

$2,450,000 Sold Price as of 08/04/2021
  • 16 Beds
  • 12 Baths
  • 5,634 Sq.Ft.
Sold
$2,450,000 Sold Price as of 08/04/2021 Refinance Your Mortgage
Map preview of 4537 St Elmo Dr, Los Angeles, CA 90019

Property Overview: 4537 St Elmo Dr Los Angeles, CA has 16 bedrooms, 12 bathrooms, 5,634 living square feet and 7,001 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Rebecca Thiedeman | BRE #02030956 | Califano Realty
Co-listed by Eric Dilanian | BRE #01951699 | Remax Commercial and Investment Realty
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 41

Home details

Lot Sq. Ft
7,001
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB21104066
City
Los Angeles
County
Los Angeles
Time on Site
1097 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $4,000
  • Pro Forma/Market Rent: $4,150
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $4,100
  • Pro Forma/Market Rent: $4,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $195,600
  • Net Operating Income: $147,768
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $44,292
  • Electric: $240
  • New Taxes: $30,000
  • Trash: $0
  • Gardener: $1,440
  • Insurance: $1,972
  • Maintenance: $7,920
  • Water/Sewer: $1,920

Property Details for 4537 St Elmo Dr

Interior Features
Laundry Information
  • Has Laundry
  • In Closet, In Kitchen, Inside, Stackable
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Front Yard, Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5071012050
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: From Pico Blvd head West. Turn left on West Blvd. Turn right on St. Elmo Drive. Property will be located on your right.
Neighborhood Information
  • Community Features: Biking, Curbs, Park, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 4537 St Elmo Dr

Last sold for $2,450,000 on August 4th, 2021

  • August, 2021

  • Aug 4, 2021

    Date

    Sold

    CRMLS: SB21104066

    $2,450,000

    Price

  • Jul 21, 2021

    Date

    Pending

    CRMLS: SB21104066

    $2,500,000

    Price

  • Jun 29, 2021

    Date

    Active Under Contract

    CRMLS: SB21104066

    $2,500,000

    Price

  • May 19, 2021

    Date

    Active

    CRMLS: SB21104066

    $2,500,000

    Price

  • May 19, 2021

    Date

    Coming Soon

    CRMLS: SB21104066

    $2,500,000

    Price

  • May, 2021

  • May 2, 2021

    Date

    Expired

    CRMLS: 20665934

    $598,000

    Price

  • Mar 2, 2021

    Date

    Withdrawn

    CRMLS: 20665934

    $598,000

    Price

  • Jan 21, 2021

    Date

    Price Change

    CRMLS: 20665934

    $598,000

    Price

  • Dec 12, 2020

    Date

    Price Change

    CRMLS: 20665934

    $639,000

    Price

  • Dec 2, 2020

    Date

    Active

    CRMLS: 20665934

    $675,000

    Price

  • Listing provided courtesy of CRMLS

    BRAND NEW UNITS AVAILABLE IN A 4 UNIT BUILDING- ONLY 2 UNITS LEFT - BEST PRICED UNITS IN THE AREA AT 20% BELOW THE AVERAGE CONDO AND 40% BELOW THE AVERAGE HOME IN AREA. Fully rebuilt from the foundation to the roof in 2020. Listing is for one unit in a 4 unit, 2 story building. Each unit offers 4 beds / 3 full baths (two master beds/baths), a front an rear balcony for the upstairs units, with a bright and airy open concept layout. Each unit comes fully equipped with brand new stainless steel Frigidaire appliances, LG front loading washer / dryer, quartz countertops, 25 year luxury vinyl plank flooring w/ cork underlay, dual pane windows, LED lighting and energy efficient HVAC systems. The gated exterior offers a tranquil setting with a lush front courtyard, soothing water feature, rear dog run with fruit trees, and a dedicated parking spot in the rear of the property. Security cameras and motion lights are installed. Showings by appointment. Detailed brochure outlining full scope of work available upon request.

  • April, 2021

  • Apr 13, 2021

    Date

    Sold

    CRMLS: 20665054

    $2,400,000

    Price

  • Apr 13, 2021

    Date

    Pending

    CRMLS: 20665054

    $2,495,000

    Price

  • Dec 9, 2020

    Date

    Withdrawn

    CRMLS: 20665054

    $2,495,000

    Price

  • Dec 1, 2020

    Date

    Active

    CRMLS: 20665054

    $2,495,000

    Price

  • Listing provided courtesy of CRMLS

    1929 Mid-City classic fully rebuilt as a trophy property in 2020. All the hard work has been completed, making this tropical style four unit an easy to manage investment property with strong rental income potential. 100% vacant, but listed for rent at projected rents. The building setup features four units, all are accessed from a central foyer spanning two stories. Each unit offers 4 beds / 3 full baths, an open concept layout, plus two balconies for each of the upstairs units. All units come fully equipped with stainless steel Frigidaire appliances, LG front loading washer / dryers, quartz countertops, luxury vinyl plank flooring w/ cork, dual pane windows, and energy efficient HVAC systems. The gated exterior offers a tranquil setting with a lush front courtyard, soothing water feature, rear dog run with fruit trees, and secured parking available for each unit in the rear of the property. Security cameras and motion lights are installed. Offering Memorandum available upon request.

  • November, 2020

  • Nov 25, 2020

    Date

    Canceled

    CRMLS: 20655576

    $2,795,000

    Price

  • Nov 5, 2020

    Date

    Active

    CRMLS: 20655576

    $2,795,000

    Price

  • Listing provided courtesy of CRMLS

    1929 Mid-City classic fully rebuilt as a trophy property in 2020. All the hard work has been completed, making this tropical style four unit an easy to manage investment property with strong rental income potential. 100% vacant, but listed for rent at projected rents. The building setup features four units, all are accessed from a central foyer spanning two stories. Each unit offers 4 beds / 3 full baths, an open concept layout, plus two balconies for each of the upstairs units. All units come fully equipped with stainless steel Frigidaire appliances, LG front loading washer / dryers, quartz countertops, luxury vinyl plank flooring w/ cork, dual pane windows, and energy efficient HVAC systems. The gated exterior offers a tranquil setting with a lush front courtyard, soothing water feature, rear dog run with fruit trees, and secured parking available for each unit in the rear of the property. Security cameras and motion lights are installed. Offering Memorandum available upon request.

  • October, 2019

  • Oct 17, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2019

  • Mar 2, 2019

    Date

    Sold

    CRMLS: 18405748

    $1,000,000

    Price

  • Feb 12, 2019

    Date

    Pending

    CRMLS: 18405748

    $1,149,000

    Price

  • Jan 12, 2019

    Date

    Price Change

    CRMLS: 18405748

    $1,149,000

    Price

  • Dec 4, 2018

    Date

    Price Change

    CRMLS: 18405748

    $1,199,000

    Price

  • Nov 8, 2018

    Date

    Active

    CRMLS: 18405748

    $1,349,000

    Price

  • Listing provided courtesy of CRMLS

    Huge Price Improvement! Well-maintained and centrally located Spanish 4-plex in electric Mid-City/Lafayette Square neighborhood. Each unit is 2BR/1BA and features hardwood floors, ceramic tile floors in bathrooms, crown moldings, baseboards, flat ceilings, dual-paned windows, granite counters in kitchen, fireplaces, and washer/dryer in each unit. Each unit has their own hot water heater. Walking distance to weekly Farmer's Market in Wellington Square, close to Midtown Crossing, Gus's Fried Chicken, shopping along Washington Blvd., and convenient freeway access. Minutes to Culver City and Downtown LA.

  • March, 2019

  • Mar 1, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,000,000

    Price

  • November, 2018

  • Nov 8, 2018

    Date

    Canceled

    CRMLS: 18353572

    $1,399,000

    Price

  • Sep 13, 2018

    Date

    Price Change

    CRMLS: 18353572

    $1,399,000

    Price

  • Aug 14, 2018

    Date

    Price Change

    CRMLS: 18353572

    $1,449,000

    Price

  • Jul 23, 2018

    Date

    Price Change

    CRMLS: 18353572

    $1,499,000

    Price

  • Jun 14, 2018

    Date

    Active

    CRMLS: 18353572

    $1,549,000

    Price

  • Listing provided courtesy of CRMLS

    Well-maintained and centrally located Spanish 4-plex in electric Mid-City/Lafayette Square neighborhood. Each unit is 2BR/1BA and features hardwood floors, ceramic tile floors in bathrooms, crown moldings, baseboards, flat ceilings, dual-paned windows, granite counters in kitchen, fireplaces, and washer/dryer in each unit. Each unit has their own hot water heater. Walking distance to weekly Farmer's Market in Wellington Square, close to Midtown Crossing, Gus's Fried Chicken, shopping along Washington Blvd., and convenient freeway access. Minutes to Culver City and Downtown LA.

Show More

Tax History for 4537 St Elmo Dr

Assessed Value (2020): $1,020,000
Year Land Value Improved Value Assessed Value
2020 $765,000 $255,000 $1,020,000

Home Value Compared to the Market

This property vs the competition

4537 St Elmo Dr sold on August 4, 2021 for 110.08% 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 $443.73 per/sqft which puts the price per square foot 41.23% lower than the current median sale per square foot for the city of Los Angeles.

About 4537 St Elmo Dr

Detailed summary of property

4537 St Elmo Dr is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 16 bedrooms, 12 bathrooms, roughly 5,634 living square feet, and sits on an approximately 7,001 square foot lot. 4537 St Elmo Dr was first listed on ArdentRealEstateGroup.com on May 19, 2021. The homeowner sold the property for $2,450,000. 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 110.08% higher than the current median priced home. Local homes that are currently for sale include 2203 4th Ave, 1152 S Bronson Ave and 1250 5th Ave. While the average home in Los Angeles, CA is selling in 92 days, 4537 St Elmo Dr has a days on market of 41 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 4537 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 4537 St Elmo Dr

Public county record property details
Beds
8
Baths
4
Year built
1929
Sq. Ft.
5,634
Lot Size
7,000
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
22
APN
5071-012-050

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%)

Thinking of Selling?

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(714) 706-1823

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4546 St Elmo Dr, Los Angeles, CA 90019
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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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