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$900,000
61 Days On Site
7408 Elsie StreetLos Angeles, CA 90001
For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
1,264
SqFt
$712
/SqFt
1926
Built
County:
Los Angeles
Listed by Aaron Jacobson of Lyon Stahl Investment Real Estate, Inc. [email protected]
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5-Unit Turnkey property with extremely strong proven rents. 4 Studios averaging $1548/Month and a 2-Bed Unit rented at $1900/Month with gross rents at $97,104. The subject property is highlighted by a large lot where multiple ADUs are a possibility. Operating at 9.27 GRM and stabilizes at 7.40 GRM. The one story structure is wood frame stucco. The zoning for the lot is LCR3 situated on 4,718 SF. With the addition of ADUs, the cap rate will jump substantially north of a 10% cap rate. It's a perfect opportunity to acquire one of the strongest income deals in Los Angeles.
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Listing Snapshot
Price
$900,000
Days On Site
61 Days
Bedrooms
N/A
Inside Area (SqFt)
1,264 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.1084 Acres
Year Built
1926
MLS® Number
SB24219230
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 months ago | Status changed to Active | |
| 2 months ago | Listing updated with changes from the MLS® | |
| 2 months ago | Listing first seen on site |
General Features
Acres
0.1084
Number Of Stories
1
Property Sub Type
Apartment
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
1264
Stories
One
Water Source
Public
Zoning
LCR3*
Interior Features
Heating
Central
Laundry Features
None
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Exterior Features
Pool Features
None
Community Features
Building Access
Front
Community Features
GolfPark
Financing Terms Available
CashConventional
MLS Area
C37 - Metropolitan South
Senior Community
Yes
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. The 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, the 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.
Neighborhood & Commute
Source: Walkscore
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