- 2 Beds
- 2 Baths
- 1,264 Sqft
- .11 Acres
7408 Elsie Street
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.
Essential Information
- MLS® #25548595
- Price$750,000
- Bedrooms2
- Bathrooms2.00
- Square Footage1,264
- Acres0.11
- Year Built1926
- TypeResidential Income
- StatusActive
Community Information
- Address7408 Elsie Street
- AreaC37 - Metropolitan South
- CityLos Angeles
- CountyLos Angeles
- Zip Code90001
Amenities
- ParkingDriveway
- GaragesDriveway
- ViewCity Lights
- PoolNone
Interior
- AppliancesRefrigerator
- HeatingWall Furnace
- CoolingWall/Window Unit(s)
- FireplacesNone
- # of Stories1
- StoriesOne
Exterior
- ExteriorStucco
- Lot DescriptionBack Yard
- ConstructionStucco
Additional Information
- Date ListedJune 5th, 2025
- Days on Market110
- ZoningLCR3*
Listing Details
- AgentWilliam James
Office
Lyon Stahl Investment Real Estate, Inc.
William James, Lyon Stahl Investment Real Estate, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of September 24th, 2025 at 4:10am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.