7408 Elsie ST, 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, Los Angeles, CA 90001
7408 Elsie ST, Los Angeles, CA 90001
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Thomas Ryan

Thomas Ryan

+1(909) 334-2049
$ 700,000
Est. payment | /mo

2 Beds

5 Baths

1,264 SqFt

Save
$ 700,000
Est. payment | /mo
Save

2 Beds

5 Baths

1,264 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,264 sqft

Price per Sqft $553

MLS Listing ID 26988461

Bedrooms 2

HOA Y/N No

Year Built 1926

Lot Size 4,721 Sqft

Lot Dimensions Assessor

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.

Location

State CA

County Los Angeles

Area C37 - Metropolitan South

Zoning LCR3*

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Uncovered

Total Parking Spaces 5

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6024019046

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Casey Lins Kidder Mathews of California, Inc. #01902650

Nearby Locations

Thomas Ryan

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(909) 334-2049

thomas@thomasryan.realestate

4016 Grand Ave Suite A # 1082, Chino, CA 91710, United States

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7408 Elsie ST

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