7408 Elsie St, Los Angeles, CA 90001
- $700,000
- 2
- BD
- 5
- BA
- 1,264
- SqFt
- List Price
- $700,000
- MLS#
- 26988461
- Year Built
- 1926
- Bedrooms
- 2
- Bathrooms
- 5
- Living Sq. Ft
- 1,264
- Lot Size
- 4,720
- Lot Location
- Alley Access, Corner Lot
- Days on Market
- 5
- Property Type
- Multifamily
- Stories
- 1
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.
Additional Information
- Lot Description
- Single Lot
- Other Buildings
- None
- Heat
- Wall
- Cooling
- None
- Number of Cars in Garage
- Uncovered
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Courtesy of Kidder Mathews of California, Inc., Casey Lins - CA DRE#01902650
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