$750,000

7408 Elsie St Los Angeles, CA 90001

Estimated payment $4,746/month

Total Views 6,008
2 Beds
6 Baths
1,264 Sq Ft
$593 Price per Sq Ft

Highlights

  • City View
  • West Facing Home
  • 1-Story Property
  • Gated Home
  • Back Yard

About This Home

7408 Elsie St is an exceptional opportunity to acquire a 5-unit property in a strong rental market with immediate upside. Priced at just $150,000 per unit, this investment offers a compelling 7.42% Cap Rate and 8.24 GRM. Three of the five units will be delivered vacant, providing flexibility for owner-users or investors seeking to renovate and achieve market rents. Situated on a large lot with room to build multiple ADUs (buyer to verify), the property presents significant value-add potential. Ideal for savvy investors looking to capitalize on strong in-place income with additional upside through ADU development and unit turnover. Don't miss this rare chance to purchase a low-entry-cost multifamily asset with multiple paths to increased returns.

Listing Agent

Will James

Lyon Stahl Investment Real Estate, Inc. License #01734419 Listed on: 06/05/2025

Lyon Stahl Investment Real Estate, Inc.

Co-Listing Agent

Taylor Avakian

Lyon Stahl Investment Real Estate, Inc. License #02060040

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 4,720 Sq Ft Lot
  • Lot Dimensions are 38x117
  • West Facing Home
  • Gated Home
  • Back Yard

Parking

  • Driveway

Home Design

  • Entry on the 1st floor
  • Stucco

Interior Spaces

  • 1,264 Sq Ft Home
  • 1-Story Property
  • City Views
  • Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 6 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

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 6024-019-046

Community Details

Overview

  • 5 Units

Building Details

  • Rent Control
  • Vacancy Allowance $2,730

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Entry Floor: 1
  • Living Area: 1264
  • Lot Acreage: 0.1084
  • Lot Dimensions: 38x117
  • Price Per Unit: 150000.00
  • Probate: No
  • Stories: 1
  • Year Built: 1926
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Common Walls: Attached
  • Total Bathrooms: 6.00
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 593.35

Exterior Features

  • Direction Faces: West
  • Construction: Stucco
  • Other Structures: None
  • Paved: Yes
  • Pool: No
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway

Utilities

  • Cooling: Wall/Window
  • Heating: Wall
  • Security: Gated, Carbon Monoxide Detector(s), Smoke Detector, Window Bars
  • Water: Public

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Improvement Value: 321660
  • Assessed Land Percent: 60
  • Assessed Land Value: 482490
  • Total Assessed Value: 804150
  • Assessor Parcel Number: 6024-019-046
  • Lot Description: Alley Paved, Single Lot, Back Yard
  • Lot Size Area: 4720

Rental Info

  • Total Actual Rent: 90996.00
  • Land Lease Type: Fee
  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 8.24
  • Number Of Units: 5
  • Rent Control: 100
  • Total Annual Expense: 32623
  • Type Of Units: apt
  • Vacancy Allow: 2730
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 3.0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2025 06/05/25 For Sale $750,000 0.0% $593 / Sq Ft
04/26/2020 04/26/20 Sold $750,000 -5.1% $593 / Sq Ft
02/13/2020 02/13/20 Pending -- -- --
01/24/2020 01/24/20 For Sale $790,000 +73.2% $625 / Sq Ft
09/18/2017 09/18/17 Sold $456,250 -3.9% $361 / Sq Ft
07/27/2017 07/27/17 Pending -- -- --
07/17/2017 07/17/17 For Sale $475,000 -- $376 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25548595

The MLS

APN: 6024-019-046

California Los Angeles County Los Angeles 90001

7408 Elsie St, Los Angeles, CA

This home is located at 7408 Elsie St, Los Angeles, CA 90001 and is currently priced at $750,000, approximately $593 per square foot. This property was built in 1926. 7408 Elsie St is a home located in Los Angeles County with nearby schools including Wisdom Elementary School, Thomas A. Edison Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

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The MLS © 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Will James
Listing Agent
Will James
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Lyon Stahl Investment Real Estate, Inc.
(310) 600-9858