Property Details
About this Property
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.
MLS Listing Information
MLS #
CRSB24219230
MLS Source
California Regional MLS
Days on Site
27
Interior Features
Laundry
None
Heating
Central Forced Air
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Contact Information
Listing Agent
Aaron Jacobson
Lyon Stahl Investment Real Estate, Inc.
License #: 02100737
Phone: (310) 729-1559
Co-Listing Agent
Taylor Avakian
License #: 02060040
Phone: (916) 996-4421
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
7408 Elsie St is a Residential Income in Los Angeles, CA 90001. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $900,000 and was built in 1926. This address can also be written as 7408 Elsie St, Los Angeles, CA 90001.
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This listing information is up-to-date as of October 23, 2024. For the most current information, please contact Aaron Jacobson, (310) 729-1559
