- – beds
- – baths
- – sqft
- 5,029 sqft lot
- 1924 build
- – on site
7317 Parmelee offers a fantastic opportunity to acquire a 5-unit property priced at $160,000 per unit, delivering an 8.16% Cap Rate and 7.90 GRM. Three of the five units will be delivered vacant, giving investors or owner-users the chance to renovate and lease at market rents right away. The property also sits on a generously sized lot, offering possible room for ADU additions (buyer to verify).Ideal for investors looking for strong in-place returns with room to grow. A solid, straightforward deal in an improving rental market.
Last checked:
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Last updated Jun 14, 2025
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MLS# 25548617 —
The Building
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Year Built:1924
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New Construction:No
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Construction Materials:Stucco
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Building Area Total:1180.00
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Total Number Of Units:5
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# of Buildings:1
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Stories Total:1
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Entry Level:1
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Faces:West
Interior
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Levels:One
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Entry Location:Ground Level w/steps
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Fireplace:No
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Fireplace:None
Location
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Directions:Exit Florence from the 101 fwy heading East. Turn South on Pamelee. Subject property is on the West side of the street.
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Latitude:33.97336700
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Longitude:-118.25016600
The Property
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Property Type:Residential Income
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Zoning:LCR3*
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Lot Size Area:5029.0000
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Lot Size Acres:0.1154
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Lot Size SqFt:5029.00
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View:1
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View:City Lights
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Security Features:Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
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Additional Parcels:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:6024019043
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Appliances
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Appliances:Refrigerator
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Included:Yes
The Community
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
Parking
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Parking:Yes
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Parking:Driveway
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Parking Spaces:2.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/5/25
Jun 5, 2025
|
Listed / Active | CRMLS_CA | $800,000 | 6.7% (1.3% / YR) |
10/23/24
Oct 23, 2024
|
Listed / Active | CRMLS_CA | ||
4/26/20
Apr 26, 2020
|
CRMLS_CA | $750,000 | -5.1% |