Los Angeles, CA 90001 7317 Parmelee Avenue
$800,000
0 more
Presented By: William James with Lyon Stahl Investment Real Estate, Inc.;
Beds • 6
Baths • 5
SQFT • 1,180
Year Built • 1924
Home Details
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.
Presented By: William James with Lyon Stahl Investment Real Estate, Inc.;
Interior Features for 7317 Parmelee Avenue
Bedrooms
Total Bedrooms6
Bathrooms
Half Baths0
Total Baths5
1/4 Baths
3/4 Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Total Stories1
Other Rooms
Entry Level1
General for 7317 Parmelee Avenue
Additional Parcels Y/NNo
AppliancesRefrigerator
Attached Garage No
Cap Rate8.16
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
Construction MaterialsStucco
CoolingWallWindowUnits
CountyLos Angeles
DirectionsExit Florence from the 101 fwy heading East. Turn South on Pamelee. Subject property is on the West side of the street.
Electric On Property Y/NNo
Entry LocationGround Level w/steps
Facing DirectionWest
Full Baths
Garage Y/NNo
Gross Income101316.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet5029.0
Lot Size UnitsSquareFeet
MLS AreaC37 - Metropolitan South
MobileHomeRemainsYNNo
Net Operating Income65036.0
New ConstructionNo
Number Of Units Total5
Occupancy TypeTenant
Pool FeaturesNone
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesCarbonMonoxideDetectors, GatedCommunity, SmokeDetectors
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tenant PaysElectricity, Gas
ViewCityLights
Year Built1924
ZoningLCR3*
Exterior for 7317 Parmelee Avenue
Building Area Total1180.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1154
Lot Size Area5029.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesDriveway
Private PoolNo
SpaNo
Total Parking2.0
Waterfront Y/NNo
Additional Details
Price History
Clayton Bond
Sales Associate
