4537 St Elmo Dr

Los Angeles CA 90019

5634 sq. ft.

7001 sq. ft.

Multi-Family

Last sold for $2,450,000

Rebecca Thiedeman, last sold this property on 04 August 2021 after -2 days on market.

Overview

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.

Features

5634 sq. ft. floor area

7001 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar multi families sold in Los Angeles over the last 12 months, the estimated median property value of 4537 St Elmo Dr is $1.19m.

Median value

$1.19m

Estimated value range

$675k - $4.35m

Median days on market

Estimated value trend

-14%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Los Angeles. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 4537 St Elmo Dr

2021

Sold

$2,450,000

04 Aug 2021 by Rebecca Thiedeman, of Califano Realty

2021

Sold

$2,450,000

Private Sale/Treaty on 04 Aug 2021

2021

Sold

$2,400,000

13 Apr 2021 by SJ Van Der Berg, of Vault Brokerage

Happy sellers in Los Angeles

We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.