Seller's Agent in 2022
Sean Rosenzweig
Marcus & Millichap
(213) 943-1800
4 in this area
69 Total Sales
I am pleased to offer for sale an eight-unit apartment community located at 4810 St Elmo Drive. Situated on a 7,000 square foot parcel, the property comprises of four one-bedroom units and four two-bedroom units. One of the units will be delivered vacant allowing a new owner to immediately renovate and achieve a market rental rate. The property has 87% remaining rental upside through unit renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate remaining units and achieve superior future returns moving forward makes 4810 St Elmo Drive an excellent acquisition opportunity.
Last Agent to Sell the Property
Marcus & Millichap License #01406343 Listed on: 08/01/2022
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/21/2022 09/21/22 | Sold | $1,725,000 | -3.9% | $269 / Sq Ft |
| 08/11/2022 08/11/22 | Price Changed | $1,795,000 | -5.3% | $280 / Sq Ft |
| 08/01/2022 08/01/22 | For Sale | $1,895,000 | -- | $295 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $22,616 | $1,794,690 | $1,248,480 | $546,210 |
| 2024 | $22,336 | $1,759,500 | $1,224,000 | $535,500 |
| 2023 | $21,921 | $1,725,000 | $1,200,000 | $525,000 |
| 2022 | $23,369 | $1,900,000 | $1,140,000 | $760,000 |
| 2021 | $11,729 | $898,211 | $523,461 | $374,750 |
| 2020 | $11,836 | $889,352 | $518,094 | $371,258 |
| 2019 | $11,402 | $871,922 | $507,936 | $363,986 |
| 2018 | $11,241 | $854,833 | $497,977 | $356,856 |
| 2016 | $10,668 | $821,304 | $478,641 | $342,663 |
| 2015 | $10,522 | $808,968 | $471,452 | $337,516 |
| 2014 | $10,606 | $793,122 | $462,217 | $330,905 |
Seller's Agent in 2022
Sean Rosenzweig
Marcus & Millichap
(213) 943-1800
4 in this area
69 Total Sales
Source: The MLS
MLS Number: 22-185003
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