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4546 St Elmo Drive $1,899,000

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    4546 St Elmo Drive Los Angeles, CA 90019

    • 0 Beds
    • 0 Baths
    • 4,892 sq. ft.
    • Multi-Family
    • MLS# BB22129999
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    Views: 8 Days On Market: 21

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    Property Details

    Description Tours

    4546 St Elmo Dr is a gorgeously renovated, pride-of-ownership fourplex located in red-hot Mid City, only a few minutes from Downtown Culver City! This designer fourplex is made up of four expansive 2 bedroom, 1 bath units (all 1,223 square feet!) that boast modern kitchens and bathrooms. This unique property blends the charm and character of the 1920's with sleek, upscale elements! Between the unbeatable location (Mid-City is the hottest rental market in town) and the size and beauty of these units, 4546 St Elmo is a renter's dream come true. Priced at only $388 per SF in a market with comps averaging $472 per SF- this deal is priced to fly! The current cap rate is an outstanding 4.00%- and the building comes with massive upside. We conservatively project a pro forma cap rate of 5.53%. With the massive influx of new construction properties on every surrounding street, we predict rents will continue to go up rapidly in this pocket! Other notable features include: washers and dryers provided for each unit, stainless steel appliances throughout, new exterior paint, new/newer water heaters, wonderful existing tenants that pay on time, a large rear parking lot with 4 parking spaces, a front patio area, a rear garden area, and a back patio and storage unit. It is located 10 minutes from Downtown Culver City and the countless local hotspots, including the trendy Helms Bakery District, the Culver City Steps (Amazon Studios), Ivy Station (HBO headquarters), and the Cumulus District (Whole Foods). This area boasts a huge quantity of entertainment, tech, and creative jobs- ideal for easy leasing!

    • General Features
      • Association Fee 0.00
      • Buyer Compensation 2.000 %
      • Community Features Curbs, Sidewalks
      • County Or Parish Los Angeles
      • Number Of Buildings 1
      • Number Of Separate Electric Meters 4
      • Number Of Separate Gas Meters 4
      • Number Of Separate Water Meters 1
      • Number Of Units Total 4
      • Property Condition Turnkey
      • YearBuilt 1928
    • Building Features
      • Appliances Dishwasher,Gas Oven,Gas Range,Refrigerator
      • Entry Location Front
      • Fireplace Features Living Room
      • Flooring Wood
      • Interior Features Ceiling Fan(s),High Ceilings,Open Floorplan
      • Laundry Features Dryer Included,Gas Dryer Hookup,Inside,Washer Included
      • Levels Two
    • Property Features
      • Lot Size Acres 0.16
      • Lot Features Landscaped, Yard
      • Pool Private Y/N 0
      • Pool Features None
      • Parking Total 4.00

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    Neighborhood

    90019 (Los Angeles) Demographics

    38 Median Age
    16,139 Population Density (per sq. mile)
    42% College Educated
    $58,313 Estimated Median Income
    6,441 Estimated Total Home Owners
    17,811 Estimated Total Renters
    27% / 73% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    62,816 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1,150,000 Median Sales Price
    19 Homes Sold
    41 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,899,000
        8/8/2022 3:01:44 PM Status Changed Source: Multiple Listing Service New Value: Pending
        6/23/2022 12:34:00 PM New in Database Source: Multiple Listing Service New Value: $1,899,000

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        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 8/12/2022 1:47:01 AM. 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.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.