7317 Parmelee AVE new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90001
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,180 sqft
Price per Sqft $677
MLS Listing ID 24456261
Bedrooms 6
HOA Y/N No
Year Built 1924
Lot Size 5,026 Sqft
Acres 0.1154
Property Description
7317 Parmelee is a 5 unit apartment building located just South of E. Florence and 1 block West of Compton Ave. The property is comprised of four studio, one bathroom units and one large three bedroom, one bath "owners unit". Currently all units are occupied with a total gross monthly income of $8,311. The lot runs from Parmelee to Elsie, with access to the property from both street. Gas and Electricity are separately metered. The property will have tremendous cash flow day one and is listed at a 7.82% cap rate and 8.02 x gross rents.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LCR3*
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Appliance Range
Laundry None
Exterior
Garage Driveway
Pool None
Community Features Gated
View Y/N Yes
View City Lights
Parking Type Driveway
Total Parking Spaces 3
Private Pool No
Building
Faces West
Story 1
Entry Level One
Sewer Other
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6024019043
Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)
Special Listing Condition Standard