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Sleek 2024 6-Unit in Prime Mid-City 4512 St Elmo Dr 6 Unit Apartment Building $3,850,000 ($641,667/Unit) 5.83% Cap Rate Los Angeles, CA 90019
INVESTMENT HIGHLIGHTS
- Fully stabalized AT A REAL 5.83% CAP RATE! + No rent control!
- Massive property- 8,100 livable square feet (not including garage)!
- Property comes FULLY LOADED with premium stainless steel kitchen appliances, washers and dryers. Totally turnkey!
- Rare opportunity to acquire 6 units in premium Mid-City location!
- Majorly elevated units with high ceilings, expansive balconies, and premium finishes.
- All units separately metered for gas, electric AND water! Microscopic expenses!
EXECUTIVE SUMMARY
The 5+ Unit Specialists are pleased to present 4512 St. Elmo Dr, a rare newer construction 6 unit (4 townhomes + 2 large, attached ADU’s) in prime Mid-City! Fully stabilized at phenomenal rents, boasting a REAL 5.83% 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, 4512 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 hiqh 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!
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 hiqh 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!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$287,760
|
$35.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$8,633
|
$1.07
|
| Effective Gross Income |
$279,127
|
$34.46
|
| Taxes |
$46,177
|
$5.70
|
| Operating Expenses |
$8,460
|
$1.04
|
| Total Expenses |
$54,637
|
$6.75
|
| Net Operating Income |
$224,490
|
$27.71
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $287,760 |
| Annual Per SF | $35.53 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $8,633 |
| Annual Per SF | $1.07 |
| Effective Gross Income | |
|---|---|
| Annual | $279,127 |
| Annual Per SF | $34.46 |
| Taxes | |
|---|---|
| Annual | $46,177 |
| Annual Per SF | $5.70 |
| Operating Expenses | |
|---|---|
| Annual | $8,460 |
| Annual Per SF | $1.04 |
| Total Expenses | |
|---|---|
| Annual | $54,637 |
| Annual Per SF | $6.75 |
| Net Operating Income | |
|---|---|
| Annual | $224,490 |
| Annual Per SF | $27.71 |
PROPERTY FACTS
| Price | $3,850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $641,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.83% | Building Size | 8,100 SF |
| Gross Rent Multiplier | 13.38 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 0.62/1,000 SF |
| Zoning | LARD1.5 - restricted Density Multiple Dwelling | ||
| Price | $3,850,000 |
| Price Per Unit | $641,667 |
| Sale Type | Investment |
| Cap Rate | 5.83% |
| Gross Rent Multiplier | 13.38 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 8,100 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 0.62/1,000 SF |
| Zoning | LARD1.5 - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Double Pane Windows
- Handrails
- Instant Hot Water
- Island Kitchen
SITE AMENITIES
- 24 Hour Access
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+3 | 2 | $4,845 | 1,700 |
| 3+3 | 2 | $4,195 | 1,500 |
| 2+2 | 2 | $2,950 | 799 - 901 |
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Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 5071-021-031 | Total Assessment | $2,658,993 (2025) |
| Land Assessment | $881,257 (2025) | Annual Taxes | $46,177 ($5.70/SF) |
| Improvements Assessment | $1,777,736 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5071-021-031
Land Assessment
$881,257 (2025)
Improvements Assessment
$1,777,736 (2025)
Total Assessment
$2,658,993 (2025)
Annual Taxes
$46,177 ($5.70/SF)
Tax Year
2024
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Sleek 2024 6-Unit in Prime Mid-City | 4512 St Elmo Dr
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