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.
Days on market: 8
Listing updated: June 14, 2025 - 02:42:06
Listed by: William James DRE #01734419 310-425-9838, Lyon Stahl Investment Real Estate, Inc. - Out of Area Board
Source: Out of Area Board, MLS#: CLW-X82195 Originating MLS: CRMLS
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