7408 Elsie St, Los Angeles, CA 90001
7408 Elsie St, Los Angeles, CA 90001
7408 Elsie St, Los Angeles, CA 90001
6
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$700,000
Est. payment /mo
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2 Beds
5 Baths
1,264 SqFt
New

7408 Elsie St Los Angeles, CA 90001

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,264 sqft

Price per Sqft $553

MLS Listing ID 26988461

Bedrooms 2

Year Built 1926

Lot Size 4,720 Sqft

Acres 0.1084

Property Sub-Type Multi-Family

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.

Location

State CA

County Los Angeles

Area Metropolitan South

Zoning LCR3*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment Other

Exterior

Parking Features Uncovered

Garage Spaces 5.0

Building

Lot Description Single Lot

Story 1

Level or Stories One

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Kidder Mathews of California, Inc.

NEARBY SCHOOL & BUSINESS

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Todd Kingsley

Todd Kingsley

Agent License ID: 02118744

+1(310) 710-8633

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7408 Elsie St