CA > Los Angeles
Los Angeles, CA 90001,7408 Elsie ST
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Los Angeles, CA 90001,7408 Elsie ST
Los Angeles, CA 90001,7408 Elsie ST
Los Angeles, CA 90001,7408 Elsie ST
Los Angeles, CA 90001,7408 Elsie ST
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Nick Anselmo

Nick Anselmo

+1(951) 816-0339
$ 750,000
Est. payment /mo
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7408 Elsie ST Los Angeles, CA 90001

2 Beds

6 Baths

1,264 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,264 sqft

Price per Sqft $593

MLS Listing ID 25548595

Bedrooms 2

HOA Y/N No

Year Built 1926

Lot Size 4,721 Sqft

Property Description

7408 Elsie St is an exceptional opportunity to acquire a 5-unit property in a strong rental market with immediate upside. Priced at just $150,000 per unit, this investment offers a compelling 7.42% Cap Rate and 8.24 GRM. Three of the five units will be delivered vacant, providing flexibility for owner-users or investors seeking to renovate and achieve market rents. Situated on a large lot with room to build multiple ADUs (buyer to verify), the property presents significant value-add potential. Ideal for savvy investors looking to capitalize on strong in-place income with additional upside through ADU development and unit turnover. Don't miss this rare chance to purchase a low-entry-cost multifamily asset with multiple paths to increased returns.

Location

State CA

County Los Angeles

Area C37 - Metropolitan South

Zoning LCR3*

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Refrigerator

Laundry None

Exterior

Parking Features Driveway

Pool None

Community Features Gated

View Y/N Yes

View City Lights

Private Pool No

Building

Lot Description Back Yard

Faces West

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6024019046

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s),Window Bars

Special Listing Condition Standard

Lease Land No

California Regional MLS (CRMLS)
Listed by William James • Lyon Stahl Investment Real Estate, Inc.
agent

Nick Anselmo

Co-Founder / Realtor | License ID: 02097746

+1(951) 816-0339

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7408 Elsie ST

ABUNDANCE REAL ESTATE
#02097746, #01885684
 
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