$750,000
2 Bed
6 Bath
1,264
0.11 Acre Lot

7408 Elsie Street, Los Angeles, California 90001

  • Residential Income Property Type
  • 1,264 Square Footage
  • Driveway Cars Garage
  • 1926 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
25548595
$750,000
City Lights
2
6
1,264
1926
0.11 Acre
Active
Features
: None
: Wall Furnace
: Wall/Window Unit(s)
: None
: Driveway
: None
$0
Appliances
: Refrigerator
Address Map
CA
Los Angeles
Los Angeles
90001
Elsie
7408
Street
West
Exit Florence headed East from the 110 fwy. Turn South on Elsie. Property is on the East side of the street.
C37 - Metropolitan South
LCR3*
Additional Information
$0
$0
$0
$0
$0
1264
: Gated
: Stucco
1
: One
: Back Yard
38x117
5
2025-06-05
1
1
Broker/Agent Information
Lyon Stahl Investment Real Estate, Inc.
William James
Listing Information
Taylor Avakian
CLW-C138326
CLW-X82195
Lyon Stahl Investment Real Estate, Inc.
CLW-X93306
CLW-X82195
Active
2025-06-14T02:09:42Z
CRMLS
: Standard
2025-06-05T00:00:00Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069