7408 ELSIE Street, Los Angeles, CA 90001
Property · 2 recorded sales since 2017
Sold April 2020
Listing Agent: David Harrington (DRE #01320460) · Listing Office: Matthews Real Estate Investment Services · Contact: 866-889-0550 · Bought with: David Harrington · Matthews Real Estate Investment Services · MLS #20547396 · Source: CRMLS
About this property
Just off the major cross streets of Florence Avenue and Compton Avenue in the Florence-Graham neighborhood of South Los Angeles, we are selling three apartment buildings, totaling 14 units. The owner will sell 1115 E 7th Street with either or both 7408 Elsie Street and 7317 Parmelee Avenue. The unit mix is a balanced mix of Studio's, One-Bedrooms, Two-Bedrooms and Three-Bedrooms. All these buildings are located on quiet streets within this sub-market of Los Angeles and offer an investor unparalleled cash-flow moving forward. All three properties, totaling 14 units, are located within two blocks of each other for ease of management moving forward. -7408 Elsie Street: *(1) Three-Bedroom/One-Bath House + (4) Studios *Ample Parking in the Back of the Property * Landlord Pays All Utilities * All Tenants are Section 8 *Nearly 11% Cash on Cash Return with 30% Down Payment
Listing description from the April 2020 sale, as reported to CRMLS.
Sale history
