4835 Elmwood Avenue, Unit 4835

Los Angeles, CA 90004

$4,100,000
Price
17
Beds
17
Baths
6,870 Sq. Ft.
$597 / Sq. Ft.
6,870
Sq. Ft.
$597
per Sq. Ft.

Description

Location, Location! Bring All Reasonable Offers! This updated and sharp looking contemporary 9-unit multifamily asset building surpasses all adjacent properties in the highly sought-after area it sits, just minutes from east of Larchmont Village and Hancock Park/Hollywood strip. Big bonus: built in 1993, this property is NOT subject to rent control. Rent fees are extremely under market for this area and product type. With all unit upgrades, a new owner could enjoy a significant increase in income...Location, Location! Bring All Reasonable Offers! This updated and sharp looking contemporary 9-unit multifamily asset building surpasses all adjacent properties in the highly sought-after area it sits, just minutes from east of Larchmont Village and Hancock Park/Hollywood strip. Big bonus: built in 1993, this property is NOT subject to rent control. Rent fees are extremely under market for this area and product type. With all unit upgrades, a new owner could enjoy a significant increase in income as well as the ability to sell off the units one by one as condominiums since each has its own APN. 4835 Elmwood is a controlled access building with parking and laundry on-site. Each spacious unit boasts hardwood floors, stainless steel appliances, granite counter tops, and a private balcony. Each unit in this apartment comes with 2 assigned parking spaces. This property is marked with smart looks and many conveniences.
  1. Listed by Michael Park • DRE #01889352 • Brokerage DRE #01008039 • New Star Realty

Property Details for 4835 Elmwood Avenue, Unit 4835

Zoning
R3
Style
Architectural
Parcel Number
UNAVAILABLE
Total Units
9.0
Living Area
6870
Source Living Area
Assessor
Area
Hancock Park-Wilshire
Vacancy Rate
0

Location

Listing Courtesy of New Star Realty, Michael Park, DRE #01889352
Add your commute
LISTING UPDATED: 02/16/2024 12:30 PM

Property Details for 4835 Elmwood Avenue, Unit 4835

StatusActive
MLS #23-330687
Days on Market174
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1993
Lot Size0.17 AC / 7,248 SF
CountyLos Angeles County

Location

Listing Courtesy of New Star Realty, Michael Park, DRE #01889352
Add your commute

Building Information for 4835 Elmwood Avenue, Unit 4835

Stories2Residences-Year Built1993Building Size-Lot Size0.17 AC / 7,248 SF

Payment Calculator

$22,375 per month

30 year fixed, 7.25% Interest

Principal and Interest

$22,375

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4835 Elmwood Avenue, Unit 4835

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Condo
  • Unit Number: 4835
  • View: Yes
  • View Description: Tree Top
  • Security Features: Carbon Monoxide Detector(s), Exterior Security Lights, Fire and Smoke Detection System, Gated, Smoke Detector
  • Direction Faces: East
  • Property Condition: Updated/Remodeled
  • Water: Meter on Property
  • Sewer: In Street
  • Water Heaters: Yes
  • ADA Compliance: No
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $292,464
  • Net Operating Income: $189,390.00
  • Gross Income: $271,620
  • Cap Rate: 4.62%
  • Gross Rent Multiplier: $15.51
  • Actual Annual Gross Rent: $268,020.00
  • Laundry Income: $300
  • Financial Info as Of: 02/16/2024
  • Owner Pays: Water
  • Total Annual Expense: 75830
  • Water Expense: $4,680.00
  • Gas Expense: $2,160
  • Electric Expense: $11,400.00
  • Tax Expense: $51,250
  • Gardener Expense: $1,440
  • Insurance Expense: $4,800
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 7248
Parking Details
Parking Details
  • Parking Garage: Auto Driveway Gate
  • Total Parking: 18
  • Covered Parking: 18
  • Garage Spaces Total: 18
  • Parking Features: Auto Driveway Gate
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Hardwood, Ceramic Tile
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Gas Dryer Hookup, Microwave, Range/Oven, Refrigerator
  • Room Kitchen Features: Granite Counters
  • Kitchen Features: Granite Counters
  • Room Bathroom Features: Shower in Tub
  • Bathroom Features: Shower and Tub
  • Common Walls: Attached
  • Cooking Appliances: Cooktop - Gas, Gas/Electric Range, Oven-Gas
  • Laundry: Garage, Laundry Area
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Clay
  • Windows: Double Pane Windows, Window Blinds
  • New Construction: No
  • Foundation Details: Slab
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-10-2023
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,140.00
  • Unit Actual Rent: $2,140.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,450.00
  • Unit Actual Rent: $2,450.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,545.00
  • Unit Actual Rent: $2,545.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,585.00
  • Unit Actual Rent: $2,585.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,850.00
  • Unit Actual Rent: $2,850.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,475.00
  • Unit Actual Rent: $2,475.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 6
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,350.00
  • Unit Actual Rent: $2,350.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 7
Unit 8 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,360.00
  • Unit Actual Rent: $2,360.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 8
Unit 9 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,555.00
  • Unit Actual Rent: $2,250.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 9
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Number of Dishwasher: 9
  • Number of Disposal: 9
  • Number of Electric Meters: 9
  • Number of Gas Meters: 9
  • Number Patio: 9
  • Number Range: 9
  • Number Refrigerator: 9
  • Number Wall AC: 9
  • Number Water Meters: 1

Property History for 4835 Elmwood Avenue, Unit 4835

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4835 Elmwood Avenue, Unit 4835

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Van Ness Avenue Elementary School
PublicK to 5

Joseph Le Conte Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

Richard A. Alonzo Community Day School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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4835 Elmwood Avenue, Unit 4835 is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on November 9, 2023 by New Star Realty, it's currently listed at $4,100,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Van Ness Avenue Elementary School, Joseph Le Conte Middle School and Fairfax Senior High School. 4835 Elmwood Avenue, Unit 4835 is a 17-bed, 17-bath, 6,870 sqft multi-family home built in 1993.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of New Star Realty, Michael Park, DRE #01889352

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.