CA > Los Angeles
Los Angeles, CA 90001,7408 Elsie ST
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Los Angeles, CA 90001,7408 Elsie ST
Los Angeles, CA 90001,7408 Elsie ST
Los Angeles, CA 90001,7408 Elsie ST
Los Angeles, CA 90001,7408 Elsie ST
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Lisa Bethel

Lisa Bethel

+1(818) 319-5060
$ 900,000
Est. payment /mo
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7408 Elsie ST Los Angeles, CA 90001

1,264 SqFt

UPDATED:

10/23/2024 04:57 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 1,264 sqft

Price per Sqft $712

MLS Listing ID SB24219230

HOA Y/N No

Year Built 1926

Lot Size 4,721 Sqft

Acres 0.1084

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*

Rooms

Ensuite Laundry None

Interior

Laundry Location None

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

California Regional MLS (CRMLS)
Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc. • 310-729-1559

Lisa Bethel

Advisor | Accredited Buyer's Representative | Seniors Real Estate Specialist® | License ID: 02046953

+1(818) 319-5060

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7408 Elsie ST