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    Parmelee Ave Los Angeles, CA 90001

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    For Sale
    $800,000

    Five-unit property with value-add potential in Los Angeles.

    Property size:
    1,180 SF
    Lot size:
    0.12 Acres

    Property Features for Parmelee Ave

    General Information

    Standard status
    Active
    Size
    1,180 SF
    Lot size
    0.12 Acres

    Building Details

    Year built
    1924

    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 Property

    This multifamily property features five units. The property is offered at a price of $160,000 per unit, presenting an 8.16% capitalization rate and a 7.90 gross rent multiplier. Three of the five units will be delivered vacant, providing an opportunity for renovation and leasing at market rates. The property is situated on a generously sized lot, potentially allowing for Accessory Dwelling Unit additions, subject to buyer verification. This property is suited for investors seeking strong in-place returns with potential for growth in an improving rental market.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.249671
    Latitude
    33.981887

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    FAQs

    What type of property is this?
    Apartment building - Five-unit property with value-add potential in Los Angeles.
    Where is this apartment building located?
    The property is located at Parmelee Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - Three units delivered vacant, allowing for immediate renovation and market-rent leasing.; - Strong 8.16% Cap Rate and 7.90 GRM, indicating solid in-place returns.; - Priced at $160,000 per unit.
    Request Owner's contact information
    Parmelee Ave Los Angeles, CA 90001
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    Los Angeles, CA 90001
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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
    Parmelee Ave Los Angeles, CA 90001
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