$900,000
- Beds
- Unknown
- sq ft
- Unknown
7408 Elsie St, Los Angeles, CA 90001
7408 Elsie St
Los Angeles, CA 90001
- 28 days on market
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.
Details
Property type
Apartment
Lot size
4,720 sq ft
Price per sq ft
Unknown
Year built
1926
Price History
10/23/2024
CRMLS #SB24219230
Listed
$900,000
+20%
04/26/2020
CLAW #20547396
Sold
$750,000
+64.38%
09/18/2017
CLAW #17251936
Sold
$456,250
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Golf, Park
Community features:
Golf, Park
Senior community center:
Yes
Status: Active
Tomo last checked: 11/20/2024 at 2:30 AM
Listing updated: 10/23/2024 at 10:00 AM
Listed by: Aaron Jacobson, Phone #: (310) 425-9838
MLS: CRMLS #SB24219230
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