7408 Elsie Street
Los Angeles, CA, 90001
$750,000
Beds
0 Baths
SqFt
0.11 Acres
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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.

Property Details

Price:
$750,000
MLS #:
25548595
Status:
Active
Baths:
0
Address:
7408 Elsie Street
Type:
Residential Income
Neighborhood:
c37metropolitansouth
City:
Los Angeles
Listed Date:
Jun 5, 2025
State:
CA
ZIP:
90001
Lot Size:
4,720 sqft / 0.11 acres (approx)
Year Built:
1926
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7408 Elsie Street
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