7408 Elsie St, Los Angeles, CA 90001
- $700,000
- 2
- BD
- 5
- BA
- 1,264
- SqFt
Courtesy of Kidder Mathews of California, Inc., Casey Lins - CA DRE#01902650
- List Price
- $700,000
- Status
- ACTIVE
- Days on Market
- 5
- MLS#
- 26988461
- Year Built
- 1926
- Bedrooms
- 2
- Bathrooms
- 5
- Living Area
- 1,264
- Lot Size
- 4,720
- Acres
- 0.11
- MLS Area Major
- Metropolitan South
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.
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Additional Information
- Air Conditioning
- None
- Stories
- 1
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