Property listed by Realty Investment Advisors, Inc., Benjamin Lalezari
$1,725,000
We are excited to present 4711 St Elmo Drive, a remarkable 5-unit property in Mid-City Heights, newly constructed between 2023 and 2024, offering a CURRENT 6.32% CAP RATE. This turnkey investment features three separate buildings situated on a 6,450 square foot lot. The front structure is a brand-new, one-bedroom,… Read More one-bath single-family home, completed in 2024, with no shared walls. The middle structure is a fully renovated duplex, consisting of two one-bedroom, one-bath units, with an extensive gut renovation completed in 2023. This renovation included all-new electrical, plumbing, HVAC, windows, and more, with no expense spared. The rear structure is a newly built duplex, featuring one one-bedroom, one-bath unit and one two-bedroom, two-bath unit. All units are equipped with high-end finishes, including modern vinyl plank flooring, tile showers, quartz countertops, mini-split HVAC systems, stainless steel appliances, recessed lighting, and in-unit washers and dryers. Additionally, new main water and sewer lines have been installed. Fully occupied by qualified tenants, this property represents a rare and exceptional investment opportunity. Read Less
Listing Snapshot
Days Online
3
Last Updated
Property Type
Other
Beds
6
Square Ft.
2,903
Lot Size
0.15 Acres
Year Built
2024
MLS Number
25513297
30 Days Snapshot Of 90019
$1,813k
+35%
(avg) sold price
14
+16%
homes sold
66
-46%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dryer
Building
Built in 2024, Building area total: 2,903, Levels: Two, Living area: 2903, 2 stories, 3 buildings
Heating
Central
Income
Gross income: $151,620, Net operating income: $108,983
Lot
0.1481 acres, 6,450 square feet, Size: 6,450
Parking
2 totals parking, Assigned
Property
Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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