$3,649,000
4514 St. Elmo Dr is a rare newer construction 6 unit (4 townhomes + 2 large, attached ADU’s) in prime Mid-City! St. Elmo is FULLY STABILIZED at phenomenal rents, boasting a 6.08% 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 trilevel units, and two large 2 bedroom, 2 bathroom units. In addition to its incredible design and curb appeal, 4514 St. Emlo Dr. boasts premium finishes, 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!
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Listed by Cheyenne Womack with Myunits.com Inc. (844) 698-6487
Property Type
Quadruplex
Status
Active
MLS Number
BB26011590
Year Built
2024
Lot Size
7,004 sq ft