7408 Elsie St
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7408 Elsie St
5 Unit Apartment Building $1,292,805 CAD ($258,561 CAD/Unit) 6.67% Cap Rate 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 | $1,292,805 CAD | Apartment Style | Low Rise |
| Price Per Unit | $258,561 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.67% | Building Size | 1,264 SF |
| Gross Rent Multiplier | 9.27 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment |
| Price | $1,292,805 CAD |
| Price Per Unit | $258,561 CAD |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| Gross Rent Multiplier | 9.27 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 1,264 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1926 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $2,381 CAD | 154 |
| 2+1 | 1 | $2,729 CAD | 660 |
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Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 6024-019-046 | Improvements Assessment | $457,799 CAD |
| Land Assessment | $686,699 CAD | Total Assessment | $1,144,498 CAD |
PROPERTY TAXES
Parcel Number
6024-019-046
Land Assessment
$686,699 CAD
Improvements Assessment
$457,799 CAD
Total Assessment
$1,144,498 CAD
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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