7408 Elsie Street, Los Angeles, CA 90001 - Berkshire Hathaway HomeServices California Properties
7408 Elsie Street Los Angeles, CA 90001
$750,000 2 beds, 6 baths
1, 264 sqft

Agent Remarks

7408 Elsie St is an exceptional opportunity to acquire a 5-unit property in a strong rental market with immediate upside. Priced at just $150,000 per unit, this investment offers a compelling 7.42% Cap Rate and 8.24 GRM. Three of the five units will be delivered vacant, providing flexibility for owner-users or investors seeking to renovate and achieve market rents. Situated on a large lot with room to build multiple ADUs (buyer to verify), the property presents significant value-add potential. Ideal for savvy investors looking to capitalize on strong in-place income with additional upside through ADU development and unit turnover. Don't miss this rare chance to purchase a low-entry-cost multifamily asset with multiple paths to increased returns.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25548595
List price is $750,000
Beds: 2
Baths: 6
None fireplaces
Built in 1926
1,264 sqft
1 story
0.11 acres
Lot size: 0.1084
County: Los Angeles
Zoning: LCR3*
Construction: Stucco
Appliances: Refrigerator
Parking description: Driveway
Lot description: Back Yard
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: C37 - Metropolitan South

Last Updated: 6/14/2025

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This listing belongs to the C37 - Metropolitan South MLS area

Lat/Long: 33.973043, -118.250180.
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Listing Agent: William James
Co Listing Agent: Taylor Avakian
Lic#: 01234982
Office Name: Mission Viejo

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