7317 Parmelee Ave Los Angeles, CA 90001
Estimated payment $5,025/month
Highlights
- City View
- West Facing Home
- 1-Story Property
- Gated Home
About This Home
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.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. License #01734419 Listed on: 06/05/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 5,029 Sq Ft Lot
- West Facing Home
- Gated Home
Home Design
- Entry on the 1st floor
- Stucco
Interior Spaces
- 1,180 Sq Ft Home
- 1-Story Property
- City Views
- Oven or Range
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 2 Parking Spaces
- Driveway
Location
- City Lot
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
Listing and Financial Details
- The owner pays for water
- Assessor Parcel Number 6024-019-043
Community Details
Overview
- 5 Units
Building Details
- Rent Control
- Vacancy Allowance $3,039
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/05/2025 06/05/25 | For Sale | $800,000 | +6.7% | $678 / Sq Ft |
| 04/26/2020 04/26/20 | Sold | $750,000 | -5.1% | $636 / Sq Ft |
| 02/13/2020 02/13/20 | Pending | -- | -- | -- |
| 01/24/2020 01/24/20 | For Sale | $790,000 | +315.8% | $669 / Sq Ft |
| 08/02/2014 08/02/14 | Sold | $190,000 | -46.3% | $328 / Sq Ft |
| 05/19/2014 05/19/14 | Pending | -- | -- | -- |
| 01/29/2014 01/29/14 | For Sale | $354,000 | -- | $610 / Sq Ft |
Source: The MLS
MLS Number: 25548617
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
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Information is deemed reliable but not guaranteed.
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