Five-Unit Multifamily Property

Parmelee Avenue, Los Angeles, CA 90001

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For Sale

$800,000

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

Type:Commercial

Property size:

1,180 SF

Lot size:

0.12 Acres

Price / SF:

$677/SF

HighLights

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.
Potential for ADU additions due to generously sized lot (buyer to verify).
Ideal for investors seeking growth potential in an improving rental market.
Solid, straightforward deal.

We can help!

Listing Contact

WILLIAM JAMES

Learn more

For Sale

$800,000

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

Type:Commercial

Property size:

1,180 SF

Lot size:

0.12 Acres

Price / SF:

$677/SF

Added:: Jun 5, 2025
Days on Market:: 370
Last Refresh:: Apr 5 at 8:13 pm

Property Features for Parmelee Avenue

General Information

Standard status: Active
Size: 1,180 SF
Lot size: 0.12 Acres
Property subtype: Commercial

Building Details

Year Built: 1924

We can help!

Listing Contact

WILLIAM JAMES

Listing agent WILLIAM JAMES License #01734419

Listing office LYON STAHL INVESTMENT REAL ESTATE, INC.

Listing date Jun 5, 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

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.
Potential for ADU additions due to generously sized lot (buyer to verify).
Ideal for investors seeking growth potential in an improving rental market.
Solid, straightforward deal.

Overview

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: -118.25
Latitude: 33.9819

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For sale
Apartment buildings
CA
Los Angeles
90001
Parmelee Avenue

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 Avenue 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.

Parmelee Avenue, Los Angeles, CA 90001

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

Property Features for Parmelee Avenue

General Information

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Map

Nearby Similar for Sale

Los Angeles Commercial Investment Opportunity

Los Angeles Industrial Owner-User Opportunity

Los Angeles Retail Opportunity

Prime Automotive Land in Los Angeles

Eagle Rock Commercial/Residential Opportunity

Multifamily Property in Boyle Heights

Los Angeles Multifamily Investment Opportunity

Highland Park Multifamily Value-Add Opportunity

Four-Unit Residential Income Property

Adjacent 11-Unit Residential Income Properties

Apartment Income Property with Covered Parking

Modern Multifamily Community in Los Angeles

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