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


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


Residential Income
Active Under Contract
C37 - Metropolitan South




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


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


Based on information from California Regional Multiple Listing Service, Inc. as of 02/19/2020. 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.


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