7317 Parmelee Avenue
$800,000
6
5
1,180
1,180
$678
Description
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...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.
- Listed by William James • DRE #01734419 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
- Listed by Peter James • DRE #01748556 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 7317 Parmelee Avenue
Water Front
None
ZoningLCR3*
Parcel Number6024019043
Total Units5.0
Living Area1180
Source Living AreaVendor Enhanced
AreaMetropolitan South (C37)
Vacancy Rate5%
LISTING UPDATED: 10/31/2024 12:01 AM
Property Details for 7317 Parmelee Avenue
Status | Active |
---|---|
MLS # | 24-456261 |
Days on Market | 59 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1924 |
Lot Size | 0.12 AC / 5,029 SF |
County | Los Angeles County |
Building Information for 7317 Parmelee Avenue
Stories1Residences-Year Built1924Building Size-Lot Size0.12 AC / 5,029 SF
Property Information for 7317 Parmelee Avenue
Property History for 7317 Parmelee Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7317 Parmelee Avenue
Taxable ValueLand$514,655Additions$175,839Total$690,494
Tax Record2024$10,885 ($907 / month)
Home Facts
Total Finished SqFt1,180 SqFtAbove Grade Finished SqFt1,180 SqFtLot Size5,029 SqFtStyleMulti-Family Res (5+ Units)Year Built1924ZoningLCR3*CountyLOS ANGELESAPN6024-019-043
Schools near 7317 Parmelee Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Wisdom Elementary School PublicK to 6 | ||
Thomas A. Edison Middle School Public6 to 8 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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