4711 St Elmo Drive, Los Angeles, CA 90019

Presenting an unparalleled investment opportunity in the best part of Mid City, this extraordinary income property is a brand-new 2024-built 4-plex with a projected cap of approximately 6%. The meticulously crafted units offer a blend of luxury and innovation, providing a unique living experience with breathtaking views of Century City and Hollywood. Comprising three exquisitely designed 1-bedroom units and one lavish 2-bedroom unit, each residence has been remodeled to the highest level of finishes. This property stands out as a completely rebuilt front duplex, featuring two brand-new 2023-built accessory dwelling units (ADUs), and it includes a shovel-ready 5th unit with the permit paid. This makes it the only available new construction 4-unit apartment in the 2M range in the prime location of Mid City. The property is poised for immediate cash flow and is an obvious choice for 1031 Exchange buyers, as it can be delivered leased. The meticulous attention to detail includes a total … read more …