7317 Parmelee Avenue

Los Angeles, CA 90001

$800,000

List Price

6

bed Beds

5

shower Baths

1,180 sqft

straighten / sqft

1924

calendar_month Built

Property Description

7317 Parmelee is a 5 unit apartment building located just South of E. Florence and 1 block West of Compton Ave. The property is comprised of four studio, one bathroom units and one large three bedroom, one bath "owners unit". Currently all units are occupied with a total gross monthly income of $8,311. The lot runs from Parmelee to Elsie, with access to the property from both street. Gas and Electricity are separately metered. The property will have tremendous cash flow day one and is listed at a 7.82% cap rate and 8.02 x gross rents.

Listing Information

List Price $800,000
Status Active
MLS 24456261
Type Residential Income
Year Built 1924
Lot Size 5,029
Structure Size 1,180
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Listing Agent William James DRE#01734419
Co-Listing Agent Peter James DRE#01748556

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms 6
Total Bathroom
Bathrooms 5
Fireplace Information
Features None
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: William James, Peter James, Lyon Stahl Investment Real Estate, Inc. 310-425-9838. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 23rd, 2024 at 9:31 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.