7408 Elsie St
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7408 Elsie St
5 Unit Block of Flats £721,350 (£144,270/Unit) 6.67% Net Initial Yield Los Angeles, CA 90001
Investment Highlights
- Building is 100% occupied.
- Cornet lot with high visibility.
- Improvements consist of a 1,264 square building on a 4,718 square foot lot.
Executive Summary
The subject property is a 5 unit apartment building located in the South Los Angeles submarket, south of Florence Ave and east of Hooper. The one story structure is wood frame stucco. The zoning for the lot is LCR3. The building was built in 1926 and the units are subject to LARSO with utilities separately metered. The unit mix consists of (4) Single/1 Bath and (1) 2 Bed/1Bath units. The improvements consist of a 1,264 square building on a 4,718 square foot lot.
Property Facts
| Price | £721,350 | Apartment Style | Low Rise |
| Price Per Unit | £144,270 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Net Initial Yield | 6.67% | Building Size | 1,264 SF |
| Gross Rent Multiplier | 9.27 | Average Occupancy | 100% |
| No. Units | 5 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 1926 |
| Property Subtype | Apartment |
| Price | £721,350 |
| Price Per Unit | £144,270 |
| Sale Type | Investment |
| Net Initial Yield | 6.67% |
| Gross Rent Multiplier | 9.27 |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 1,264 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 1926 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 4 | £1,328 | 154 |
| 2+1 | 1 | £1,523 | 660 |
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Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 6024-019-046 | Improvements Assessment | £257,810 |
| Land Assessment | £386,716 | Total Assessment | £644,526 |
PROPERTY TAXES
Parcel Number
6024-019-046
Land Assessment
£386,716
Improvements Assessment
£257,810
Total Assessment
£644,526
zoning
| Zoning Code | LCR3 |
| LCR3 |
Contacts
-
Aaron Jacobson -
Peter James -
Will James -
Taylor Avakian -
Lyon Stahl Investment Real Estate
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7408 Elsie St
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