7408 Elsie StLos Angeles, CA 90001

This exceptional five-unit apartment building, located at 7408 Elsie St in Los Angeles, CA (90001), presents a compelling investment opportunity. Built in 1926, the property boasts 1,264 square feet of rentable space situated on a 4,718 square foot lot. The building features a mix of four single-bedroom/one-bathroom units and one spacious two-bedroom/one-bathroom unit, all individually metered for utilities, maximizing efficiency and minimizing shared costs. Currently fully occupied, this property offers immediate cash flow and is subject to the Los Angeles Rent Stabilization Ordinance (LARSO). The asking price is $900,000, representing $180,000 per unit and a price per square foot of $712. The property's pro-forma cap rate is 9.12%, and the current cap rate is 6.67%. Its location in South Los Angeles, zoned LCR3, provides excellent access to transportation, shopping, and dining, contributing to high tenant demand and retention. This property offers a blend of historical character and modern efficiency, making it an ideal investment for those seeking strong returns in a rapidly appreciating market. The APN is 6024-019-046. The ownership entity is SoLA Impact Fund II LP. This is a rare opportunity to acquire a well-maintained, income-producing asset in a desirable Los Angeles neighborhood.