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)
Fireplace Features
None
Heating
Wall Furnace
Exterior
Parking Features
Driveway
Parking Spots
2.00
Pool Features
None
Security Features
Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
Spa Features
None
Stories Total
1
View
City Lights
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address7317 Parmelee Avenue Los Angeles CA
- AreaC37 – Metropolitan South
- CityLos Angeles
- CountyLos Angeles
- Zip Code90001
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Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.7317 Parmelee Avenue
Los Angeles, CA
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