
7317 Parmelee Ave Los Angeles, CA 90001
About This Home
As of April 2020Just 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. 7317 Parmelee Avenue - *(1) Three-Bedroom/One-Bath House + (4) Studios *Ample Parking in Front and Back of Property *Landlord Pays All Utilities *All Tenants are Section 8 * 7.41% Cap Rate 9.01 GRM on Current Rents *11% Cash on Cash Return with 30% Down Payment
Last Agent to Sell the Property
David Harrington
Matthews Real Estate Investment Services License #01320460 Listed on: 01/24/2020
Last Buyer's Agent
David Harrington
Matthews Real Estate Investment Services License #01320460 Listed on: 01/24/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 5,029 Sq Ft Lot
Parking
- 5 Parking Spaces
Interior Spaces
- 1,180 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 5 Bathrooms
Community Details
- 2 Buildings
- 5 Units
Listing and Financial Details
- Assessor Parcel Number 6024-019-043
Similar Homes in the area
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 |
Tax History Compared to Growth
Agents Affiliated with this Home
-
Seller's Agent in 2025
Will James
Lyon Stahl Investment Real Estate, Inc.
(310) 600-9858
1 in this area
30 Total Sales
-
Seller Co-Listing Agent in 2025
Taylor Avakian
Lyon Stahl Investment Real Estate, Inc.
(916) 996-4421
11 Total Sales
-
D
Seller's Agent in 2020
David Harrington
Matthews Real Estate Investment Services
-
L
Seller's Agent in 2014
Linda Demmings
Real Estate eBroker Inc.
-
K
Buyer's Agent in 2014
Karen Ramalho
Real Estate eBroker Inc.
Map
Source: The MLS
MLS Number: 20-547408

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