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4810 St Elmo Drive

Los Angeles (City), CA 90019
  • $1,795,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: 22185003
Price Reduced
UPDATED: 37 min ago
$1,795,000
  • 12
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,418
    SQFT
  • $280
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (213-943-1800)


Description

I am pleased to offer for sale an eight-unit apartment community located at 4810 St Elmo Drive. Situated on a 7,000 square foot parcel, the property comprises of four one-bedroom units and four two-bedroom units. One of the units will be delivered vacant allowing a new owner to immediately renovate and achieve a market rental rate. The property has 87% remaining rental upside through unit renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate remaining units and achieve superior future returns moving forward makes 4810 St Elmo Drive an excellent acquisition opportunity.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T22:31:59.677. 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 deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.searchsocalrealestate.com/homes/131492558
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4810 St Elmo Drive Los Angeles (City), CA 90019

  • Price: $1,795,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 37 min ago
  • ID#: 22185003
12
Beds
0
Baths
0
½ Baths
0.16
Acres
6,418
SQFT
$280
$/SQFT
1963
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
I am pleased to offer for sale an eight-unit apartment community located at 4810 St Elmo Drive. Situated on a 7,000 square foot parcel, the property comprises of four one-bedroom units and four two-bedroom units. One of the units will be delivered vacant allowing a new owner to immediately renovate and achieve a market rental rate. The property has 87% remaining rental upside through unit renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate remaining units and achieve superior future returns moving forward makes 4810 St Elmo Drive an excellent acquisition opportunity.
Exterior Features

Parking Features CoveredUncovered Parking Total 9

Property Features

Association YN No Cap Rate 4.02 Gross Income 120636 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 72091 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T22:31:59.677. 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 deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Rogers Realty Group/Berkshire Hathaway HomeServices California Properties
1063 W Sixth Street
Ontario CA, 91762
Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (213-943-1800)