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    The Largest CRE Database in the US with Over 1 Million Listings

    4514 St Elmo Dr Los Angeles, CA 90019

    Sponsored
    For Sale
    $3,649,000

    Quadruplex, Modern - Los Angeles, CA

    Type:Quadruplex
    Property size:
    8,100 SF
    Lot size:
    7,006.00 Acres
    Days on Market:
    11
    Last Refresh:
    Jan 26 at 4:06 am

    Property Features for 4514 St Elmo Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Active
    Window features
    Double Pane Windows
    Zoning
    LARD1.5
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    18
    Bathrooms
    16
    APN
    5071021031
    Parking
    5
    Parking features
    Garage
    Interior features
    Open Floorplan, Recessed Lighting, Window Features: Double Pane Windows
    Exterior features
    Community Features Included: Sidewalks, Street Lights, Landscaped
    Appliances
    Dishwasher, Microwave, Range, Range - Gas, Refrigerator, Washer, Water - Instant Hot
    Size
    8,100 SF
    Lot size
    7,006.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2024
    Floors in Building
    3
    Number of units
    6
    Architectural style
    Modern

    We can help!

    Listing Contact
    Cheyenne Womack

    Myunits.com

    Listing agent Cheyenne Womack (844) 698-6487 License #02064825

    Listing date Jan 16, 2026

    MLS# BB26011590 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Newer Construction Mid-City Townhomes

    Located in Mid-City Los Angeles, 4514 St. Elmo Dr is a newer construction property featuring six units: four townhomes and two attached Accessory Dwelling Units (ADUs). The property consists of two buildings totaling 8,100 square feet. The unit mix includes two expansive 4-bedroom, 3-bathroom tri-level units, two 3-bedroom, 3-bathroom tri-level units, and two 2-bedroom, 2-bathroom units. The property is located in the ultra-trendy Mid-City market, 10 minutes from Downtown Culver City, the Helms Bakery District, the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the Cumulus District (Whole Foods). The property has separate meters for all utilities. Each unit includes washers and dryers, stainless steel appliances, high ceilings, balconies off the living rooms and bedrooms, ample windows, modern kitchens and bathrooms, and landscaping. The property is zoned LARD1.5.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.33711
    Latitude
    34.04165

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    FAQs

    What type of property is this?
    Apartment building - Six-unit property in Mid-City Los Angeles with no rent control.
    Where is this apartment building located?
    The property is located at 4514 St Elmo Dr Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $3,649,000.
    What are key features of this property?
    This property features: - High 6.12% CAP Rate with 5 out of 6 units stabilized at phenomenal rents.; - Newer construction (2024) 6-unit property with no rent control.; - Prime Mid-City location, close to Downtown Culver City, Helms Bakery District, Culver City Steps (Amazon Studios), Ivy Station (HBO), and Cumulus District (Whole Foods).
    (805) 973-7470
    Request Owner's contact information
    4514 St Elmo Dr Los Angeles, CA 90019
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    Los Angeles, CA 90019
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4514 St Elmo Dr Los Angeles, CA 90019
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    We can help!
    Listing Contact
    Cheyenne Womack
    Real Estate License ID: 02064825
    (805) 973-7470
    Learn more
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