Multifamily
4810 St Elmo Dr
4810 St Elmo Dr, Los Angeles, CA 90019
Listing Price: $1,895,000
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale an eight-unit apartment community located at 4810 St Elmo Drive. The subject property is located just south of Venice Boulevard within a sought-after pocket of the Mid-City sub-market. 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.
4810 St Elmo Dr
Investment Highlights
- One Unit Will be Delivered Vacant with 87 Percent Remaining Rental Upside Through Interior Renovations
- New Roof Replacement
- The Government Required Seismic Retrofit Work has Already Been Completed by Current Ownership Which Saves a New Investor Substantially in Capital and Time
- With a Walk Score of 84 'Very Walkable' - Residents Enjoy Convenient Access to Employment Cents, Retail, and Entertainment From Miracle Mile & Koreatown
- Offered at an Attractive Basis That is Lower Than the Recent Comparable Neighboring Sales
Exclusively Listed By
Financing By
Listing Price: $1,895,000
Investment Highlights
- One Unit Will be Delivered Vacant with 87 Percent Remaining Rental Upside Through Interior Renovations
- New Roof Replacement
- The Government Required Seismic Retrofit Work has Already Been Completed by Current Ownership Which Saves a New Investor Substantially in Capital and Time
- With a Walk Score of 84 'Very Walkable' - Residents Enjoy Convenient Access to Employment Cents, Retail, and Entertainment From Miracle Mile & Koreatown
- Offered at an Attractive Basis That is Lower Than the Recent Comparable Neighboring Sales
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale an eight-unit apartment community located at 4810 St Elmo Drive. The subject property is located just south of Venice Boulevard within a sought-after pocket of the Mid-City sub-market. 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.
Exclusively Listed By
Financing By
