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$ 900,000
Est. payment /mo
Active
7408 Elsie ST Los Angeles, CA 90001
4,720 Sqft Lot
UPDATED:
10/23/2024 05:01 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB24219230
Originating Board California Regional MLS
Year Built 1926
Lot Size 4,720 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
Interior
Heating Central Forced Air
Laundry None
Exterior
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 6024019046
Special Listing Condition Not Applicable
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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.