7317 Parmelee is a 5 unit apartment building located just South of E. Florence and 1 block West of Compton Ave. The property is comprised of four studio, one bathroom units and one large three bedroom, one bath "owners unit". Currently all units are occupied with a total gross monthly income of $8,311. The lot runs from Parmelee to Elsie, with access to the property from both street. Gas and Electricity are separately metered. The property will have tremendous cash flow day one and is listed at a 7.82% cap rate and 8.02 x gross rents.
Property Details
Price:
$800,000
MLS #:
24456261
Status:
Active
Baths:
0
Address:
7317 Parmelee Avenue
Type:
Residential Income
Neighborhood:
c37metropolitansouth
City:
Los Angeles
Listed Date:
Oct 23, 2024
State:
CA
ZIP:
90001
Lot Size:
5,029 sqft / 0.12 acres (approx)
Year Built:
1924
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Schools
Interior
Appliances
Range
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Heating
Wall Furnace
Exterior
Garage Spaces
0.00
Parking Features
Driveway
Parking Spots
3.00
Pool Features
None
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s), Gated Community
Sewer
Other
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 2024. California Regional Multiple Listing Service. All rights reserved.7317 Parmelee Avenue
Los Angeles, CA
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