7317 Parmelee Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90001
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,180 sqft
Price per Sqft $677
MLS Listing ID 25548617
Bedrooms 6
Year Built 1924
Lot Size 5,029 Sqft
Acres 0.1154
Property Sub-Type Multi-Family
Property Description
7317 Parmelee offers a fantastic opportunity to acquire a 5-unit property priced at $160,000 per unit, delivering an 8.16% Cap Rate and 7.90 GRM. Three of the five units will be delivered vacant, giving investors or owner-users the chance to renovate and lease at market rents right away. The property also sits on a generously sized lot, offering possible room for ADU additions (buyer to verify).Ideal for investors looking for strong in-place returns with room to grow. A solid, straightforward deal in an improving rental market.
Location
State CA
County Los Angeles
Area Metropolitan South
Zoning LCR3*
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall/Window
Fireplaces Type None
Equipment Range/Oven, Refrigerator
Exterior
Parking Features Driveway
Garage Spaces 2.0
Pool None
Waterfront Description None
View Y/N Yes
View City
Building
Lot Description Single Lot
Story 1
Water Public
Level or Stories One
Structure Type Stucco
Others
Special Listing Condition Standard