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7317 Parmelee Avenue
Los Angeles, CA 90001
7317 Parmelee is a 5 unit apartment building located just South of E. Florence and 1 block West of Compton Ave. The property is comprised of four studio, one bathroom units and one large three bedroom, one bath "owners unit". Currently all units are occupied with a total gross monthly income of $8,311. The lot runs from Parmelee to Elsie, with access to the property from both street. Gas and Electricity are separately metered. The property will have tremendous cash flow day one and is listed at a 7.82% cap rate and 8.02 x gross rents.
PROPERTY INFORMATION
| MLS # | 24456261 | Lot Size | 5,029 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 800,000
Price Per SqFt: $ 678 |
DOM | 243 Days |
| Address | 7317 Parmelee Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 1,180 Sq. Ft. |
| Postal Code | 90001 | Garage | N/A |
| County | Los Angeles | Year Built | 1924 |
| Bed / Bath | 6 / 0 | Parking | 3 |
| Built In | 1924 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | None |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Range |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
| EntryLocation | Mid Level |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
| SecuritySafety | Carbon Monoxide Detector(s), Smoke Detector(s), Gated Community |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
| Has Sprinklers | No |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $853
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/23/2024 | Listed | $800,000 |
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Listing provided courtesy of William James, Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
