Elsie Street Los Angeles, CA 90001
Five-unit property in strong rental market with immediate upside.
Type:Commercial
Property size:
1,264 SFLot size:
0.11 AcresPrice / SF:
$593/SF- Added:
- Jun 6, 2025
- Days on Market:
- 329
- Last Refresh:
- Apr 5 at 8:13 pm
Property Features for Elsie Street
General Information
- Standard status
- Active
- Size
- 1,264 SF
- Lot size
- 0.11 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1926
Listing agent WILLIAM JAMES
Listing office LYON STAHL INVESTMENT REAL ESTATE, INC. (310) 425-9838
Listing date Jun 6, 2025
Source Corcoran
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 LYON STAHL INVESTMENT REAL ESTATE, INC.
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
- -118.25
- Latitude
- 33.974
Nearby Similar for Sale
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 Street 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).
