4711 St Elmo Dr Los Angeles, CA 90019

• June, 2024

• Jun 14, 2024

  Date

  Active

  CRMLS: 24404409

  $1,549,000

  Price

• June, 2024

• Jun 1, 2024

  Date

  Expired

  CRMLS: 24374883

  $1,699,000

  Price

• Apr 1, 2024

  Date

  Active

  CRMLS: 24374883

  $1,699,000

  Price

• Listing provided courtesy of CRMLS

  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.

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• April, 2024

• Apr 4, 2024

  Date

  Canceled

  CRMLS: 24350801

  $2,049,800

  Price

• Jan 23, 2024

  Date

  Active

  CRMLS: 24350801

  $2,099,800

  Price

• Listing provided courtesy of CRMLS

  LEASED ALL UNITS WITHIN 30 DAYS! ALL RENTS ARE CURRENT WITH ACTUAL 5.3% CAP AT CLOSING. Presenting an unparalleled investment opportunity in the best part of Mid City, this extraordinary income property is a brand-new 2024-built 4-plex with a projected cap of approximately 6.3%. The meticulously crafted units offer a blend of luxury and innovation, providing a unique living experience with breathtaking views of Century City and Hollywood. Comprising three exquisitely designed 1-bedroom units and one lavish 2-bedroom unit, each residence has been remodeled to the highest level of finishes.This property stands out as 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. All units are currently leased within less than 30 days on the market, producing a current cap rate of approximately 5.3%. With the addition of the potential 5th unit, the projected cap rate is set to exceed 6% once completed. This makes it the only available new construction 4-unit apartment in the 2M range in the prime location of Mid City.The property is poised for immediate cash flow and is an obvious choice for 1031 Exchange buyers, as it can be delivered leased. 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. Moreover, to ensure the safety and security of the premises, security cameras have been strategically installed.Projected to gross high income with minimal maintenance, these units attract Class-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 thoughtful design, solid finish, and layout allow tenants to easily envision their living space, facilitating quick decisions. Seize this chance to own a portfolio that combines aesthetic excellence with a strategic location, promising both immediate cash flow and long-term prosperity.

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• January, 2024

• Jan 23, 2024

  Date

  Canceled

  CRMLS: 23342317

  $2,099,800

  Price

• Dec 29, 2023

  Date

  Active

  CRMLS: 23342317

  $2,099,800

  Price

• Listing provided courtesy of CRMLS

  Presenting an unparalleled investment opportunity in the best part of Mid City, this extraordinary income property is a brand-new 2024-built 4-plex with a projected cap of approximately 6%. The meticulously crafted units offer a blend of luxury and innovation, providing a unique living experience with breathtaking views of Century City and Hollywood. Comprising three exquisitely designed 1-bedroom units and one lavish 2-bedroom unit, each residence has been remodeled to the highest level of finishes. This property stands out as a completely rebuilt front duplex, featuring two brand-new 2023-built accessory dwelling units (ADUs), and it includes a shovel-ready 5th unit with the permit paid. This makes it the only available new construction 4-unit apartment in the 2M range in the prime location of Mid City. The property is poised for immediate cash flow and is an obvious choice for 1031 Exchange buyers, as it can be delivered leased. 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. Moreover, to ensure the safety and security of the premises, security cameras have been strategically installed. Projected to gross approximately $173,400 per year with minimal maintenance, these units attract Class-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 thoughtful design, solid finish, and layout allow tenants to easily envision their living space, facilitating quick decisions. Seize this chance to own a portfolio that combines aesthetic excellence with a strategic location, promising both immediate cash flow and long-term prosperity.

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