7408 Elsie Street
$900,000
2
5
1,264
1,264
$712
Description
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...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.
- Listed by Aaron Jacobson • DRE #02100737 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-729-1559
- Listed by Taylor Avakian • DRE #02060040 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 7408 Elsie Street
Parking Spaces Total
0
Private PoolNo
Total Units5.0
Building TypeDetached
Lot Size SourceAssessor
Living Area1264
Assessor Parcel Number6024-019-046
Property Attached YNfalse
LISTING UPDATED: 10/23/2024 02:57 AM
Property Details for 7408 Elsie Street
Status | Active |
---|---|
MLS # | SB24219230 |
Days on Market | 28 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1926 |
County | Los Angeles County |
Building Information for 7408 Elsie Street
Building/Complex7408 Elsie StFloor-Stories1Residences-Pet Policy-Year Built1926Building Size-
Property Information for 7408 Elsie Street
Property History for 7408 Elsie Street
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 7408 Elsie Street
Taxable ValueLand$482,490Additions$321,660Total$804,150
Tax Record2024$13,125 ($1,094 / month)
Home Facts
Total Finished SqFt1,264 SqFtAbove Grade Finished SqFt1,264 SqFtStories1Lot Size4,718 SqFtStyleMulti-Family Res (5+ Units)Year Built1926ZoningLCR3*CountyLOS ANGELESAPN6024-019-046
Schools near 7408 Elsie Street
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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