Listing provided courtesy of William James of Lyon Stahl Investment Real Estate, Inc.. Last updated 2024-11-22 09:11:45.000000. Listing information © 2024 CRMLS.

Asking Price: $800,000

7317 Parmelee, Los Angeles CA 90001

Community: ​C37 - Metropolitan South

Status: Active

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This property was built in 1924 and is priced at $800,000. Please see the additional details below.
  • 0 Sq Ft
  • 0 bathrooms
  • 0 bedrooms
  • MLS#: 373528237
  • Type:
  • Year Built: 1924
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.

Call or Email AK Luxury Properties now to inquire about this property

424-345-1600