Los Angeles, CA 90001 7408 Elsie Street
$750,000
4 more
Presented By: William James with Lyon Stahl Investment Real Estate, Inc.;
- MLS# 25548595
- 06/05/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 2
Baths • 6
SQFT • 1,264
Home Details
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.
Presented By: William James with Lyon Stahl Investment Real Estate, Inc.;
Interior Features for 7408 Elsie Street
Bedrooms
Total Bedrooms2
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths6
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 7408 Elsie Street
Additional Parcels Y/NNo
AppliancesRefrigerator
Attached Garage No
Cap Rate7.44
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
Construction MaterialsStucco
CoolingWallWindowUnits
CountyLos Angeles
DirectionsExit Florence headed East from the 110 fwy. Turn South on Elsie. Property is on the East side of the street.
Facing DirectionWest
Full Baths
Garage Y/NNo
Gross Income90996.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet4720.0
Lot Size UnitsSquareFeet
MLS AreaC37 - Metropolitan South
MobileHomeRemainsYNNo
Net Operating Income55643.0
New ConstructionNo
Number Of Units Total5
Occupancy TypeTenant
Pool FeaturesNone
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesCarbonMonoxideDetectors, GatedCommunity, SmokeDetectors, WindowBars
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tenant PaysElectricity, Gas
ViewCityLights
Year Built1926
ZoningLCR3*
Exterior for 7408 Elsie Street
Building Area Total1264.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions38x117
Lot FeaturesBackYard
Lot Size Acres0.1084
Lot Size Area4720.0
Number of Buildings1
Parking FeaturesDriveway
Private PoolNo
SpaNo
Total Parking0.0
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate