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… Read More 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., William James 310-425-9838
Listing Snapshot
Days Online
4
Last Updated
Property Type
Other
Beds
2
Square Ft.
1,264
Lot Size
0.11 Acres
Year Built
1926
MLS Number
25548595
30 Days Snapshot Of 90001
$550k
-8%
(avg) sold price
6
0%
homes sold
55
-38%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1926, Building area total: 1,264, Levels: One, Living area: 1264, 1 story, 1 building, Construction materials: Stucco
Community
Gated
Cooling
WallWindowUnits
Fireplaces
None
Heating
WallFurnace
Income
Gross income: $90,996, Net operating income: $55,643
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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