Realkey.ai
RealKey
‪(213) 433-7766‬

4514 St Elmo Drive, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath

4514 St Elmo Drive, Los Angeles, California 90019 home-pic-0
ACTIVE$3,649,000$8,100/sqft
4514 St Elmo Drive, Los Angeles, California 90019
0Bed
0Bath
8,100Sqft
7,006Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Investment Potential: Boasts a high 6.12% CAP rate with 5 out of 6 units stabilized at phenomenal rents, coupled with the significant advantage of NO RENT CONTROL, maximizing investor returns.
Top Cons:
High Initial Investment: The list price of $3,649,000 represents a substantial capital outlay, which may limit the pool of potential investors.

Compared to the nearby listings

Price:$3.65M vs avg $1.14M (+$2,511,500)89%
Size:8,100 sqft vs avg 2,922 sqft89%
Price/sqft:$450 vs avg $45350%

More Insights

Built in 2024 (2 years old).
Condition: This property was built in 2024, making it brand new construction. The description highlights 'new construction' and 'totally turnkey' with 'gorgeous modern kitchens and bathrooms' and 'stainless steel appliances.' The images confirm a pristine, contemporary aesthetic throughout, featuring new wood-look flooring, recessed lighting, modern cabinetry, high-end quartz countertops with waterfall islands, and sleek black fixtures in both kitchens and bathrooms. All components are new and meet current quality standards, indicating no deferred maintenance and minimal physical depreciation.
Year Built
2024
Close
-
List price
$3.65M
Original List price
$3.65M
Price/Sqft
$450
HOA
-
Days on market
-
Sold On
-
MLS number
BB26011590
Home ConditionExcellent
Features
Good View: City Lights, Neighborhood
Deck
Patio
ViewCity Lights,Neighborhood

About this home

4514 St. Elmo Dr is a rare newer construction 6 unit (4 townhomes + 2 large, attached ADU’s) in prime Mid-City! 5 out of 6 units are stabilized at phenomenal rents, boasting a 6.12% CAP RATE!! This premium new construction property is comprised of two massive buildings (a whopping 8,100 square feet!) containing two expansive 4 bedroom, 3 bathroom tri-level units, two 3 bedroom, 3 bathroom tri-level units, and two large 2 bedroom, 2 bathroom units. In addition to its incredible design and curb appeal, 4514 St. Emlo Dr. boasts NO RENT CONTROL, high return, and separate meters for all utilities! This totally turnkey 6-unit features washers and dryers in all units, stainless steel appliances, high ceilings, massive balconies off the living rooms and bedrooms, ample windows letting in tons of natural light, gorgeous modern kitchens and bathrooms, and beautifully designed landscaping. Now is the time to place your money in high quality, tangible real estate as opposed to letting your money sit in the bank! This property is situated in the ultra-trendy Mid-City market, 10 minutes from Downtown Culver City and the countless hotspots in the area, including the trendy Helms Bakery District, the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the Cumulus District (Whole Foods). With the large quantity of entertainment, tech, and creative jobs in the area, this area attracts outstanding professional tenants!

C
Cheyenne Womack
Listing Agent
Condition Rating
Excellent
This property was built in 2024, making it brand new construction. The description highlights 'new construction' and 'totally turnkey' with 'gorgeous modern kitchens and bathrooms' and 'stainless steel appliances.' The images confirm a pristine, contemporary aesthetic throughout, featuring new wood-look flooring, recessed lighting, modern cabinetry, high-end quartz countertops with waterfall islands, and sleek black fixtures in both kitchens and bathrooms. All components are new and meet current quality standards, indicating no deferred maintenance and minimal physical depreciation.
Pros & Cons

Pros

Exceptional Investment Potential: Boasts a high 6.12% CAP rate with 5 out of 6 units stabilized at phenomenal rents, coupled with the significant advantage of NO RENT CONTROL, maximizing investor returns.
New Construction & Turnkey Condition: Built in 2024, this newer construction property is totally turnkey, featuring modern amenities, high ceilings, and contemporary finishes, minimizing immediate capital expenditures for the owner.
Prime & Strategic Location: Situated in the ultra-trendy Mid-City market, offering excellent proximity to major employment hubs like Amazon Studios, HBO headquarters, and the Cumulus District, attracting high-quality professional tenants.
Diverse & Spacious Unit Mix: Comprises six substantial units (4 townhomes + 2 ADUs) with a desirable mix of 2, 3, and 4-bedroom layouts across 8,100 sqft, catering to a broad tenant demographic.
Tenant-Friendly Modern Amenities: All units include in-unit washers and dryers, stainless steel appliances, private balconies, ample natural light, and separate utility meters, enhancing tenant appeal and reducing landlord operating costs.

Cons

High Initial Investment: The list price of $3,649,000 represents a substantial capital outlay, which may limit the pool of potential investors.
Potential for Parking Constraints: While not explicitly detailed, a 6-unit property in a dense urban area like Mid-City Los Angeles often presents challenges with providing adequate dedicated parking for all residents, which can be a tenant consideration.
Reliance on Specific Employment Hubs: The property's strong appeal is significantly tied to its proximity to major tech and entertainment companies; a shift in these industries or company presence could potentially impact future tenant demand.
Browse Properties by State Browse housing market trends by state