4522 Saint Elmo Dr, Los Angeles, CA 90019

Property Description

BANK APPROVED SHORT SALE! Investor opportunity in the heart of Mid-City Los Angeles. This four-unit property offers approximately 3,838 square feet of living space on a 7,003 square foot LARD1.5 lot. Each unit features a 1-bedroom, 1-bathroom layout. Three of the units have been updated with mini split HVAC systems, granite countertops, tile or wood flooring, updated bathrooms, in-unit laundry, and tankless water heaters. One unit retains much of its original charm with vintage kitchen cabinetry, carpet and vinyl flooring, and a wall heater. The property is separately metered for gas and electricity. Tenants have access to driveway parking. The detached four-car garage is currently held by the owner and not leased, offering potential for future income or ADU conversion (buyer to verify). All units are currently tenant-occupied. Buyer to verify current rent roll and terms of tenancy. Subject to the Los Angeles Rent Stabilization Ordinance. Centrally located near transit, shops, and major employment hubs, this property presents immediate income with long-term upside. Buyer to conduct their own due diligence.