6-Unit Apartment
New
For Sale
$833,000
6714 Parmelee Ave, Los Angeles, CA 90001
Gated property with individual gas and electric meters and both open-air and covered parking.
Property Size2,506 SF
Lot Size0.12 Acres
Price / SF$332.40
Days on Market2
Property Features for 6714 Parmelee Ave
General Information
Standard status
Active
Size
2,506 SF
Total Parking Spaces
6
Lot size
0.12 Acres
Property subtype
Multifamily
Zoning
LCR3YY
Occupancy
100%
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Additional Details
Cap Rate
7.41%
Amenities
gated access
Priced Below Replacement Cost
Approximately 29% Rental Upside
Six Total Units: 5 Legal + 1 Non-Conforming
Six Parking Spaces
Gated Access
Individually Metered for Gas & Electricity
Building Details
Building Size
2,506 SF
Year Built
1963
Units
5
Listing Agency:
Encino Office
Listed By:
Sev Keshishian · License #License(s): CA: 01887505
(818) 212-2694
Source:
Marcusmillichap
Added: Sep 24
Last Checked: Sep 24 at 2:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Encino Office
Investment Insights
Based on property information with market context.
This apartment property contains six one-bedroom, one-bathroom units, including five legal units and one non-conforming unit. The building measures approximately 2,506 SF on a 5,237 SF lot and dates to 1963. LCR3YY zoning applies. Six parking spaces are provided: two open-air spaces and four covered carport spaces at the rear. Gated access and individual gas and electric meters are also in place.
Miramonte Elementary School is directly across the street. The property is one block west of Compton Ave and a few blocks south of Gage Ave, with access to public transportation, employment centers, and neighborhood amenities in South Los Angeles.
Miramonte Elementary School is directly across the street. The property is one block west of Compton Ave and a few blocks south of Gage Ave, with access to public transportation, employment centers, and neighborhood amenities in South Los Angeles.
Key Highlights
- Six one‑bedroom/one‑bathroom units: five legal and one non‑conforming
- Approximately 2,506 SF of building area on a 5,237 SF lot
- Six parking spaces: two open‑air and four covered carport spaces
Property Analytics
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Current Use
Lease Details
6
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,490
Businesses Nearby
Explore this area
Business Placement
Demographics for 90001, CA
55,859
Population
13,998
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
49%
High-School Grad
3.3 sq mi
ZIP Area
16,927
Density / Sq Mi
$60,751
Median Household Income
$30,672
Median Earnings
$1,471
Median Rent
$513,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Gated property with individual gas and electric meters and both open-air and covered parking.
Where is this apartment building located?
The property is located at 6714 Parmelee Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $833,000.
What are key features of this property?
This property features: Six one‑bedroom/one‑bathroom units: five legal and one non‑conforming; Approximately 2,506 SF of building area on a 5,237 SF lot; Six parking spaces: two open‑air and four covered carport spaces
