$ 750,000
-
$750,000
Price -
2
Bed -
2
Bath -
1,264
SqFt
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About the Listing CLW-X82195 - CLW-X93306,CLW-C138326
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.
Listing Highlights for 7408 Elsie St
Status
Active
Days on Site
93
Property Type
Multi-Family
MLS ®
25548595
Year Built
1926
Total Square Footage
1,264
Lot/Acreage
0.11
County
Los Angeles
Interior Details
- Bedrooms: 2
- Bathrooms: 2 Full
- Appliances: Refrigerator
- Air Cond: Wall/Window Unit(s)
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Back Yard,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LCR3*
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 6024019046
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Listing Location
Questions About..
7408 Elsie St Los Angeles, CA 90001
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