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$700,000

7408 Elsie Street

Los Angeles, CA 90001

Active

Beds

Baths

1,264

Sq. Ft.

1926

Year Built

Los Angeles

County

ResidentialIncome

Property Type

About this home

We are pleased to present 7408 Elsie St, a 5-unit building located in South Los Angeles, offered at a 7.41 GRM and an 8.12% CAP on actual rents, with upside potential to achieve a 7.29 GRM and an 8.33% CAP with market rents. The property is comprised of one, single-story building consisting of a total of 1,264 RSF. Built in 1926, the property sits on a low coverage 4,720 SF LCR3 zoned corner lot with street access on three sides, allowing for a fully parked property with great ingress/egress which may allow for the flexibility of adding ADU(s) while retaining uncovered parking. The unit mix features one (1) two-bedroom one-bathroom unit and four (4) studio units. One studio unit and the two-bedroom unit will be delivered VACANT, and 3 out of 5 units have been renovated. Located between E 75th St and E Florence Ave, nearby Franklin D. Roosevelt Park, Leon H Washington Park, Parmelee Avenue Elementary School, Edison Middle School and Miramonte Elementary School, this location offers fantastic proximity to the Florence Metro A Line and numerous transit stops off of E Florence Ave, providing easy access to Downtown Los Angeles and neighboring communities such as Huntington Park, Walnut Park, Cudahy, South Gate and more. Contact the listing broker for additional information.

Listed by Casey Lins · DRE #01902650 · Kidder Mathews of California, Inc.

MLS #1190832826

ListedSep 15, 2026

Property Details

Architecture

Stories1

StyleN/A

Total Units5

RoofN/A

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingNone

HeatingWall Furnace

FireplaceN/A

LaundryN/A

Parking FeaturesUncovered

Parking Total5

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsOne Common Wall

Property Features

Lot Size0.11 ac

Lot FeaturesN/A

ViewN/A

DirectionsGoogle Maps: 7408 Elsie St Los Angeles CA 90001

Community

AreaC37 - Metropolitan South

School DistrictN/A

Tax & Financial

TermsN/A

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

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Mortgage Estimate

$3,726/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 7:30 PM

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