7408 Elsie Street, Los Angeles, CA 90001
- $700,000
- 2
- BD
- 5
- BA
- 1,264
- SqFt
- List Price
- $700,000
- Status
- ACTIVE
- MLS#
- 26988461
- Year Built
- 1926
- Bedrooms
- 2
- Bathrooms
- 5
- Living Sq. Ft
- 1,264
- Lot Size
- 4,720
- Acres
- 0.11
- Days on Market
- 0
- Property Type
- Multifamily
- Stories
- One Level
Property Description
We are pleased to present 7408 Elsie St, a 5-unit building located in South Los Angeles, offered at a 7.41 GRM and an 8.12% CAP on actual rents, with upside potential to achieve a 7.29 GRM and an 8.33% CAP with market rents. The property is comprised of one, single-story building consisting of a total of 1,264 RSF. Built in 1926, the property sits on a low coverage 4,720 SF LCR3 zoned corner lot with street access on three sides, allowing for a fully parked property with great ingress/egress which may allow for the flexibility of adding ADU(s) while retaining uncovered parking. The unit mix features one (1) two-bedroom one-bathroom unit and four (4) studio units. One studio unit and the two-bedroom unit will be delivered VACANT, and 3 out of 5 units have been renovated. Located between E 75th St and E Florence Ave, nearby Franklin D. Roosevelt Park, Leon H Washington Park, Parmelee Avenue Elementary School, Edison Middle School and Miramonte Elementary School, this location offers fantastic proximity to the Florence Metro A Line and numerous transit stops off of E Florence Ave, providing easy access to Downtown Los Angeles and neighboring communities such as Huntington Park, Walnut Park, Cudahy, South Gate and more. Contact the listing broker for additional information.
/u.realgeeks.media/bestagentincali/Charla_Email_Signature-0.png)
Additional Information
- Heat
- Wall Furnace
- Cooling Description
- None
- Attached Structure
- Attached
- Number Of Units Total
- 5
Listing courtesy of Listing Agent: Casey Lins (Casey.Lins@kidder.com) from Listing Office: Kidder Mathews of California, Inc..
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.