7317 Parmelee Avenue
Los Angeles, CA 90001
Active for $800,000
Beds: 6 Baths: 5 Structure Size: 1,180 sqft Lot Size: 5,029 sqft
| MLS | 24456261 |
| Year Built | 1924 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $800,000 |
| Structure Size | 1,180 sqft |
| Lot Size | 5,029 sqft |
| Beds | 6 |
| Baths | 5 |
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.
Listing information courtesy of: William James, Lyon Stahl Investment Real Estate, Inc. 310-425-9838. *Based on information from the Association of REALTORS/Multiple Listing as of 10/24/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Curtis Case
REALTOR®
Direct: 484.469.1494
Email: Email Me
DRE: 02206359
DRE #01873088
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