Listing provided courtesy of Aaron Jacobson of Lyon Stahl Investment Real Estate, Inc.. Last updated 2024-11-22 09:11:45.000000. Listing information © 2024 CRMLS.
Asking Price: $900,000
7408 Elsie, Los Angeles CA 90001
Community: C37 - Metropolitan South
Status: Active
This Apartment property was built in 1926 and is priced at $900,000. Please see the additional details below.
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.
