Skip To Content
    Return to Previous Page

    4937 Elmwood Ave

    Los Angeles, CA 90004
    • $1,595,000
    • STATUS: Active
    • ON SITE: 95 days
    • ID#: 20-594106
    UPDATED: 39 min ago
    $1,595,000
    • 8
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,910
      SQFT
    • $408
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Great opportunity for an investor or end-user. Many possibilities with this property. While it is ready to be remodeled as your own income property or into a modern mansion, you also should have the option to build a 4-unit small-lot subdivision OR a 14-Unit apartment building. Amazing potential with homes selling for $3M+ in the area. Plans to convert to an SFR included with sale. New proposed SFR floor plan would provide a spacious open floor plan with natural light shining through every room. It would provide 5 spacious bedrooms with 2 masters and a very large living room and kitchen. OR you can keep the property as a duplex and live in one and rent the other. Most of the demo needed has already been completed so you can go straight to the fun stuff.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-26T17:42:23.11. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/107099925
    Print Image

    4937 Elmwood Ave Los Angeles, CA 90004

    • Price: $1,595,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: 20-594106
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,910
    SQFT
    $408
    $/SQFT
    1924
    Built
    Neighborhood:
    Hancock Park-Wilshire
    County:
    Los Angeles
    Area:
    Hancock Park-Wilshire
    Property Description
    Great opportunity for an investor or end-user. Many possibilities with this property. While it is ready to be remodeled as your own income property or into a modern mansion, you also should have the option to build a 4-unit small-lot subdivision OR a 14-Unit apartment building. Amazing potential with homes selling for $3M+ in the area. Plans to convert to an SFR included with sale. New proposed SFR floor plan would provide a spacious open floor plan with natural light shining through every room. It would provide 5 spacious bedrooms with 2 masters and a very large living room and kitchen. OR you can keep the property as a duplex and live in one and rent the other. Most of the demo needed has already been completed so you can go straight to the fun stuff.
    Exterior Features

    Lot Size Area 6800 Other Structures None Parking Garage None Style Spanish Total Parking 4 View Description None View YN No

    Interior Features

    Baths Total 3.00 Cooling Wall Unit(S) Equipment Range/OvenRefrigerator Fireplace Rooms DiningLiving Room Flooring Hardwood Heating Wall Gas Water Heater Features Gas

    Property Features

    Assessed Total Value 86770 Gross Income 120000 Gross Operating Income 120000 Like Units1 1 Like Units2 1 Net Operating Income 100000.00 Number Of Buildings 1 Number Of Units 2 Rent Control YN Yes Sale Type Standard Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 20000 Type Of Units Residential Water Heaters YN Yes Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Jeremy Daniels-Stock DRE#01886149 of Barefoot Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-26T17:42:23.11. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-594106-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-594106-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-594106-2.jpg
    Logo
    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377