7408 Elsie Street

Los Angeles, CA 90001

$900,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1926

calendar_month Built

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.

Listing Information

List Price $900,000
Status Active
MLS SB24219230
Type Residential Income
Subtype Apartment
Year Built 1926
Lot Size 4,720
Structure Size N/A
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Listing Agent Aaron Jacobson DRE#02100737
Co-Listing Agent Taylor Avakian DRE#02060040

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Aaron Jacobson, Taylor Avakian, Lyon Stahl Investment Real Estate, Inc. 310-729-1559. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 23rd, 2024 at 4:57 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.