$900,000
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7408 Elsie Street Los Angeles, CA 90001
Apartment
Residence
Beds
Baths
1,264
Sq. Ft.
0.11
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
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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MLS#
SB24219230
Property Type
Apartment
Status
Year Built
1926
Square Feet
1,264
sq. ft
Lot Size
0.11
Stories
1.0
Sewer
Public Sewer
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