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We are excited to present 4711 St Elmo Drive, a remarkable 5-unit property in Mid-City Heights, newly constructed between 2023 and 2024, offering a CURRENT 6.32% CAP RATE. This turnkey investment features three separate buildings situated on a 6,450 square foot lot. The front structure is a brand-new, one-bedroom, one-bath single-family home, completed in 2024, with no shared walls. The middle structure is a fully renovated duplex, consisting of two one-bedroom, one-bath units, with an extensive gut renovation completed in 2023. This renovation included all-new electrical, plumbing, HVAC, windows, and more, with no expense spared. The rear structure is a newly built duplex, featuring one one-bedroom, one-bath unit and one two-bedroom, two-bath unit. All units are equipped with high-end finishes, including modern vinyl plank flooring, tile showers, quartz countertops, mini-split HVAC systems, stainless steel appliances, recessed lighting, and in-unit washers and dryers. Additionally, new main water and sewer lines have been installed. Fully occupied by qualified tenants, this property represents a rare and exceptional investment opportunity.
Property Type(s):
Residential Income
| Last Updated | 5/13/2025 | Year Built | 2024 |
|---|---|---|---|
| Community | Mid Los Angeles | County | Los Angeles |
Price History
| Prior to May 13, '25 | $1,725,000 |
|---|---|
| May 13, '25 - Today | $1,675,000 |
Additional Details
| APPLIANCES | Dryer |
|---|---|
| AREA | Mid Los Angeles |
| GARAGE | Assigned |
| HEAT | Central |
| LOT | 6450 sq ft |
| LOT DIMENSIONS | 50x129 |
| PARKING | Assigned |
| STORIES | 2 |
| ZONING | LARD1.5 |
Location
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Listed with Realty Investment Advisors, Inc.
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