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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Schools
Interior
Appliances
Refrigerator
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Heating
Wall Furnace
Exterior
Lot Features
Back Yard
Parking Features
Driveway
Parking Spots
0.00
Pool Features
None
Security Features
Gated Community, Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
Spa Features
None
Stories Total
1
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Financial
Tenant Pays
Gas, Electricity
Map
Community
- Address7408 Elsie Street Los Angeles CA
- AreaC37 – Metropolitan South
- CityLos Angeles
- CountyLos Angeles
- Zip Code90001
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7408 Elsie Street
Los Angeles, CA
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