7408 Elsie Street, Property Listing: MLS® #SB24219230

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.

7408 Elsie Street, Property Listing: MLS® #SB24219230 Close
Page Summary
  • 619-987-4851
NEW
  • MLS® #: SB24219230
  • 7408 Elsie Street
  • , CA 90001
  • $900,000
  • 0.11 Acres
  • Office: Lyon Stahl Investment Real Estate, Inc.

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.

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Essential Information

  • MLS® #SB24219230
  • Listing Price$900,000
  • Original Listing Price$900,000
  • Date ListedOctober 22nd, 2024
  • Days on Market1
  • Bathrooms0.00
  • Acres0.11
  • Lot Sq.Ft.4,720
  • TypeResidential Income
  • StatusACTIVE

Dues

  • HOA Dues$0
  • Total Monthly Dues$260

Community Information

  • Address7408 Elsie Street
  • AreaLOS ANGELES (90001)
  • CountyLos Angeles
  • StateCA
  • Zip Code90001

Amenities

  • PoolN/K

Interior

  • # of Stories1
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Listing information last updated on November 28th, 2024 at 8:25am PST.