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$ 700,000
Est. payment | /mo
2 Beds
5 Baths
1,264 SqFt
$ 700,000
Est. payment | /mo
2 Beds
5 Baths
1,264 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,264 sqft
Price per Sqft $553
MLS Listing ID 26988461
Bedrooms 2
HOA Y/N No
Year Built 1926
Lot Size 4,721 Sqft
Lot Dimensions Assessor
Property Description
We are pleased to present 7408 Elsie St, a 5-unit building located in South Los Angeles, offered at a 7.41 GRM and an 8.12% CAP on actual rents, with upside potential to achieve a 7.29 GRM and an 8.33% CAP with market rents. The property is comprised of one, single-story building consisting of a total of 1,264 RSF. Built in 1926, the property sits on a low coverage 4,720 SF LCR3 zoned corner lot with street access on three sides, allowing for a fully parked property with great ingress/egress which may allow for the flexibility of adding ADU(s) while retaining uncovered parking. The unit mix features one (1) two-bedroom one-bathroom unit and four (4) studio units. One studio unit and the two-bedroom unit will be delivered VACANT, and 3 out of 5 units have been renovated. Located between E 75th St and E Florence Ave, nearby Franklin D. Roosevelt Park, Leon H Washington Park, Parmelee Avenue Elementary School, Edison Middle School and Miramonte Elementary School, this location offers fantastic proximity to the Florence Metro A Line and numerous transit stops off of E Florence Ave, providing easy access to Downtown Los Angeles and neighboring communities such as Huntington Park, Walnut Park, Cudahy, South Gate and more. Contact the listing broker for additional information.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LCR3*
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Uncovered
Total Parking Spaces 5
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6024019046
Special Listing Condition Standard
Listed by Casey Lins Kidder Mathews of California, Inc. #01902650
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Gilbert Ortiz
Agent License ID: 02050087