7317 Parmelee offers a fantastic opportunity to acquire a 5-unit property priced at $160,000 per unit, delivering an 8.16% Cap Rate and 7.90 GRM. Three of the five units will be delivered vacant, giving investors or owner-users the chance to renovate and lease at market rents right away. The property also sits on a generously sized lot, offering possible room for ADU additions (buyer to verify).Ideal for investors looking for strong in-place returns with room to grow. A solid, straightforward deal in an improving rental market.
Property Details
Price:
$800,000
MLS #:
25548617
Status:
Active
Baths:
0
Address:
7317 Parmelee Avenue
Type:
Residential Income
Neighborhood:
c37metropolitansouth
City:
Los Angeles
Listed Date:
Jun 5, 2025
State:
CA
ZIP:
90001
Lot Size:
5,029 sqft / 0.12 acres (approx)
Year Built:
1924
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Schools
Interior
Appliances
Refrigerator
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Construction Materials
Stucco
Parking Features
Driveway
Parking Spots
2.00
Security Features
Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
Financial
Map
Community
- Address7317 Parmelee Avenue Los Angeles CA
- AreaC37 – Metropolitan South
- CityLos Angeles
- CountyLos Angeles
- Zip Code90001
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7317 Parmelee Avenue
Los Angeles, CA
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