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7408 ELSIE ST, Los Angeles, California

$475,0002 Beds6 BathsActive

7408 ELSIE ST, Los Angeles, California 90001
- MLS® ID: 17251936

Property Details

7408 ELSIE ST, Los Angeles, California 90001 - 5 units- Non-rent control in Firestone -Florence neighborhood of LA County.This is a rare opportunity to acquire non rent control units for under $95k per door! It has a low GRM of 10.84 and cap rate of 5.62% -with upside.The property has a 2BR/2BA home on Elsie Street that would be perfect for owner/user and 4 small bachelor units with bathrooms and cooking facilities for solid income. There is an un-paved area included as part of this property that can be converted to parking for additional income located on Parmelee. This could be an excellent re-hab development play-check with LA County for zoning. Close to El Superior super-market, Roosevelt Park and LA Metro blueline station.Take advantage of this outstanding, value-add investment


  • Zip90001
  • CountyLos Angeles
  • SQFT1264
  • Bedrooms2
  • Full baths6.00
  • StatusActive
  • Purchase TypeActive
  • Property typeMulti-Family
  • Zoning typeLCR3*
  • Year built1926
  • Lot size4718
  • HeatingWall Gas
  • CoolingNone
  • Parking5
  • MLS® ID17251936

Listing Courtesy of Keller Williams Beach Cities

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“It was a pleasure working with you Naomi. Thank you for all your attention to detail and hard work in making the transaction go smoothly.”

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