7408 Elsie St Los Angeles, CA 90001-1933
Property profile & analytics
7408 Elsie St Los Angeles, CA 90001-1933
- Apartment buildings
- 1,264 SF
- 0.11 lot acres
Property ID
US09-7354175
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 7408 Elsie St
- Year built
- 1926
- Construction
- WOOD
- Lot size
- 0.11 lot acres
- Property size
- 1,264 SF
- Zone code
- LCR3*
- Property type
- Apartment buildings
- APN
- 6024-019-046
- APU
- 6024019046
Description
This exceptional five-unit apartment building, located at 7408 Elsie St in Los Angeles, CA (90001), presents a compelling investment opportunity. Built in 1926, the property boasts 1,264 square feet of rentable space situated on a 4,718 square foot lot. The building features a mix of four single-bedroom/one-bathroom units and one spacious two-bedroom/one-bathroom unit, all individually metered for utilities, maximizing efficiency and minimizing shared costs. Currently fully occupied, this property offers immediate cash flow and is subject to the Los Angeles Rent Stabilization Ordinance (LARSO). The asking price is $900,000, representing $180,000 per unit and a price per square foot of $712. The property's pro-forma cap rate is 9.12%, and the current cap rate is 6.67%. Its location in South Los Angeles, zoned LCR3, provides excellent access to transportation, shopping, and dining, contributing to high tenant demand and retention. This property offers a blend of historical character and modern efficiency, making it an ideal investment for those seeking strong returns in a rapidly appreciating market. The APN is 6024-019-046. The ownership entity is SoLA Impact Fund II LP. This is a rare opportunity to acquire a well-maintained, income-producing asset in a desirable Los Angeles neighborhood.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,985,000
- ML approach
- $1,980,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.25
- Latitude
- 33.973
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$13,125
$482,490
$321,660
$804,150
-
$0.00
$0.00
$0.00
