7317 Parmelee Avenue

Estimated Monthly Payment: $3,603/mo 7317 Parmelee Avenue, Los Angeles, CA 90001 MLS# 20547408 Residential Income Listing Status: Active Under Contract
26
0
0
0

REMARKS:

Just 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

OVERVIEW:

Residential Income
Active Under Contract
C37 - Metropolitan South
1924
5029
0.12

FINANCIAL:

790000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Matthews Real Estate Investment Services, David Harrington

 

Data last updated 3:33:12 PM, 02/19/2020

 

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