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    Elsie St Los Angeles, CA 90001

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    For Sale
    $750,000

    Five-unit property in strong rental market with immediate upside.

    Property size:
    1,264 SF
    Lot size:
    0.11 Acres

    Property Features for Elsie St

    General Information

    Standard status
    Active
    Size
    1,264 SF
    Lot size
    0.11 Acres

    Building Details

    Year built
    1926

    Source: LYON STAHL INVESTMENT REAL ESTATE, INC. Agent WILLIAM JAMES

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Five-Unit Multifamily Investment Opportunity

    The property at Elsie St is a five-unit multifamily property located in a strong rental market. The property offers immediate upside potential. The property is priced at $150,000 per unit, presenting a 7.42% Cap Rate and a Gross Rent Multiplier of 8.24. Three of the five units will be delivered vacant, offering flexibility for owner-users or investors to renovate and achieve market rents. The property is situated on a large lot with room to build multiple Accessory Dwelling Units. The buyer is responsible for verifying the possibility of ADU construction. This presents significant value-add potential. The property is suitable for investors looking to capitalize on in-place income with additional upside through ADU development and unit turnover. The building size is 1264 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.250262
    Latitude
    33.974029

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    FAQs

    What type of property is this?
    Apartment building - Five-unit property in strong rental market with immediate upside.
    Where is this apartment building located?
    The property is located at Elsie St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Compelling 7.42% Cap Rate and 8.24 GRM.; - Three of five units delivered vacant, offering renovation and market rent potential.; - Significant value-add potential with room to build multiple ADUs (buyer to verify).
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Elsie St Los Angeles, CA 90001
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