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Key Details
Sold Price $3,500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,870 sqft
Price per Sqft $509
MLS Listing ID 23330687
Sold Date 09/26/24
Bedrooms 17
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1993
Lot Size 7,248 Sqft
Acres 0.1664
Property 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 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.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning R3
Rooms
Ensuite Laundry In Garage
Interior
Laundry Location In Garage
Heating Central
Cooling Central Air
Flooring Wood
Fireplace No
Appliance Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Dryer
Laundry In Garage
Exterior
Garage Electric Gate
Garage Spaces 18.0
Garage Description 18.0
Pool None
Community Features Gated
View Y/N Yes
Parking Type Electric Gate
Total Parking Spaces 18
Private Pool No
Building
Faces East
Story 2
Entry Level Two
Foundation Slab
Sewer Other
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID UNAVAILABLE
Security Features Carbon Monoxide Detector(s),Fire Detection System,Gated Community,Smoke Detector(s)
Special Listing Condition Standard
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Bought with Michael Park • New Star Realty