6
See all 6 photos
$900,000
Est. payment /mo
4,721 Sqft Lot
Active
7408 Elsie ST Los Angeles, CA 90001
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UPDATED:
12/05/2024 05:18 AM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24219230
HOA Y/N No
Year Built 1926
Lot Size 4,721 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LCR3*
Interior
Heating Central
Fireplace No
Laundry None
Exterior
Pool None
Community Features Biking, Dog Park, Golf, Park
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community Yes
Tax ID 6024019046
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc. • 310-729-1559
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