Five-Unit Multifamily Investment Opportunity

Elsie Street, Los Angeles, CA 90001

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For Sale

$750,000

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

Type:Commercial

Property size:

1,264 SF

Lot size:

0.11 Acres

Price / SF:

$593/SF

HighLights

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).
Priced at $150,000 per unit, representing a low‑entry‑cost multifamily asset.
Strong in‑place income.
Located in a strong rental market.

We can help!

Listing Contact

WILLIAM JAMES

Learn more

For Sale

$750,000

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

Type:Commercial

Property size:

1,264 SF

Lot size:

0.11 Acres

Price / SF:

$593/SF

Added:: Jun 6, 2025
Days on Market:: 369
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

We can help!

Listing Contact

WILLIAM JAMES

Listing agent WILLIAM JAMES License #01734419

Listing office LYON STAHL INVESTMENT REAL ESTATE, INC.

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.

HighLights

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).
Priced at $150,000 per unit, representing a low‑entry‑cost multifamily asset.
Strong in‑place income.
Located in a strong rental market.

Overview

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

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For sale
Apartment buildings
CA
Los Angeles
90001
Elsie Street

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).