CA > Los Angeles
Los Angeles, CA 90001,7317 Parmelee AVE
Los Angeles, CA 90001,7317 Parmelee AVE
Los Angeles, CA 90001,7317 Parmelee AVE
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LEON M. BORUNDA

LEON M. BORUNDA

+1(559) 779-6540
$800,000
Est. payment /mo
6 Beds
5 Baths
1,180 SqFt
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UPDATED:

10/31/2024 02:56 PM

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

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

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California Regional MLS (CRMLS)
Listed by William James • Lyon Stahl Investment Real Estate, Inc.

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LEON M. BORUNDA

+1(559) 779-6540

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