5-Unit Apartment
For Sale
$700,000
7408 Elsie St, Los Angeles, CA 90001
A studio-focused rental property includes two units slated for vacant delivery and three renovated apartments.
Property Size1,264 SF
Lot Size0.11 Acres
Price / SF$553.80
Days on Market42
Property Features for 7408 Elsie St
General Information
Standard status
Active
Size
1,264 SF
Net Rentable
1,264 SF
Lot size
0.11 Acres
Property subtype
MULTI_FAMILY
Zoning
LCR3
Financials
Cap Rate
8.12%
Gross Rent Multiplier
7.41
Site & Location
Neighborhood
South Los Angeles
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 4 x studio
Multifamily Units
5
Additional Details
Tenant in Place
Yes
Building Details
Building Size
1,264 SF
Year Built
1926
Buildings
1
Stories
1
Listing Agency:
Kidder Mathews of California, Inc.
Listed By:
Casey Lins · License #01902650
(714) 333-6768
Source:
Highend-estates
Added: Sep 15
Changed: Oct 26
Last Checked: Oct 26 at 2:47PM
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 Kidder Mathews of California, Inc.
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Investment Insights
Based on property information with market context.
This single-story apartment property contains five units across 1,264 RSF. The mix consists of four studios and one two-bedroom, one-bathroom apartment. Three units have been renovated, and the studio and two-bedroom apartment are scheduled to be delivered vacant. The building was constructed in 1926 on a 4,720 SF corner lot zoned LCR3, with street access on three sides and parking across the property.
The property is between E 75th St and E Florence Ave. Nearby destinations include Franklin D. Roosevelt Park, Leon H Washington Park, Parmelee Avenue Elementary School, Edison Middle School, and Miramonte Elementary School. Florence Metro A Line and transit stops along E Florence Ave provide connections to Downtown Los Angeles and surrounding communities.
Reported operating metrics are a 7.41 GRM and an 8.12% CAP based on actual rents.
The property is between E 75th St and E Florence Ave. Nearby destinations include Franklin D. Roosevelt Park, Leon H Washington Park, Parmelee Avenue Elementary School, Edison Middle School, and Miramonte Elementary School. Florence Metro A Line and transit stops along E Florence Ave provide connections to Downtown Los Angeles and surrounding communities.
Reported operating metrics are a 7.41 GRM and an 8.12% CAP based on actual rents.
Key Highlights
- Five apartments: four studios and one two‑bedroom, one‑bathroom unit
- 1,264 RSF in a single‑story building constructed in 1926
- Three of the five apartments have been renovated
Property Analytics
Who owns this building?
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Lease Details
5
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,590
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Apartment building - A studio-focused rental property includes two units slated for vacant delivery and three renovated apartments.
Where is this apartment building located?
The property is located at 7408 Elsie St Los Angeles, CA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Five apartments: four studios and one two‑bedroom, one‑bathroom unit; 1,264 RSF in a single‑story building constructed in 1926; Three of the five apartments have been renovated
