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4725 St Elmo Drive, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath

4725 St Elmo Drive, Los Angeles, California 90019 home-pic-0
ACTIVE$1,050,000
4725 St Elmo Drive, Los Angeles, California 90019
0Bed
0Bath
2,762Sqft
6,427Lot
Year Built
1915
Close
-
List price
$1.05M
Original List price
$1.3M
Price/Sqft
$380
HOA
-
Days on market
-
Sold On
-
MLS number
SR24140705
Home ConditionPoor
Features
Deck
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.05M(31th), sqft - 2762(46th), beds - undefined(50th), baths - undefined(50th).

Attention investors!!! Price reduced and ready to submit for a short sale! Discover this exceptional fixer/investment opportunity! This duplex is centrally located, and promises both potential and flexibility. Ideal for investors, this property offers two spacious units, each with unique features and endless possibilities. The exterior is completely gated to offer peace of mind and privacy. The upper unit has been completely gutted and presents a blank canvas for renovation, allowing you to tailor the space to attract high-quality tenants. It includes 4 bedrooms, 1 full bathroom, 2 half bathrooms, and a bonus room. It is ready for a full rehab, allowing you to customize the space to meet market demands and maximize investment returns. The downstairs unit features 3 bedrooms and 2 bathrooms, offering ample living space and immediate rental potential. The property boasts a private upper deck, perfect for entertaining guests or creating a tranquil outdoor retreat, and a detached storage unit that provides additional space for storage, enhancing the property's utility and appeal. Situated in close proximity to shopping centers, restaurants, and major highways, this duplex offers unparalleled access to essential amenities and services. Being just minutes away from downtown, residents will enjoy the benefits of urban living without sacrificing the charm of a residential neighborhood. With spacious units and a desirable location This duplex is more than just a property; it's an opportunity to invest in a prime location with the great upside potential. The combination of a highly desirable location, spacious living units, and the flexibility to customize the property makes it an attractive option for seasoned investors and newcomers alike. Don't miss out on this unique chance to transform and capitalize on a property with incredible potential. Contact us today to schedule a viewing and explore the endless possibilities this duplex has to offer!

Condition Rating
Poor
Built in 1915, this property is explicitly described as an 'exceptional fixer/investment opportunity' requiring 'extensive renovation.' The upper unit is 'completely gutted' and 'ready for a full rehab,' indicating it is currently uninhabitable and needs substantial structural and cosmetic work. While the downstairs unit offers 'immediate rental potential,' the images reveal extremely dated conditions in the kitchen (old appliances, cabinets, flooring) and bathrooms (old fixtures, tiles), necessitating significant modernization. Major systems are likely beyond their expected lifespan, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Prime Central Los Angeles Location: Strategically located in a desirable Los Angeles neighborhood, offering excellent proximity to downtown, major amenities, and transportation hubs.
High Investment & Value-Add Potential: Positioned as an 'exceptional fixer/investment opportunity' with significant upside, allowing investors to customize and maximize rental income and appreciation.
Income-Generating Duplex Configuration: Features two spacious units (4 bed + bonus room, 3 bed), providing immediate rental potential for one unit and flexibility for multiple income streams.
Renovation-Ready Upper Unit: The completely gutted upper unit offers a 'blank canvas' for a full custom renovation, enabling tailored design to attract premium tenants and optimize market value.
Enhanced Property Features: Includes a private upper deck, a detached storage unit, and a fully gated exterior, adding to tenant appeal, utility, and security.

Cons

Extensive Renovation Required: The property, particularly the upper unit, demands a 'full rehab,' necessitating substantial capital expenditure and a significant time investment for modernization.
Short Sale Transaction Complexity: Listed as a short sale, which typically involves a more protracted and uncertain closing process due to lender approvals, potentially delaying acquisition.
Advanced Age of Structure: Built in 1915, the property's age suggests a higher likelihood of requiring updates to major systems (plumbing, electrical, HVAC) and potential for unforeseen structural issues.

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