- – beds
- – baths
- – sqft
- 4,720 sqft lot
- 1926 build
- – on site
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.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Jun 14, 2025
•
MLS# 25548595 —
The Building
-
Year Built:1926
-
New Construction:No
-
Construction Materials:Stucco
-
Building Area Total:1264.00
-
Total Number Of Units:5
-
# of Buildings:1
-
Stories Total:1
-
Entry Level:1
-
Faces:West
Interior
-
Levels:One
-
Fireplace:No
-
Fireplace:None
-
Laundry:None
-
Laundry:1
Location
-
Directions:Exit Florence headed East from the 110 fwy. Turn South on Elsie. Property is on the East side of the street.
-
Latitude:33.97304300
-
Longitude:-118.25018000
The Property
-
Property Type:Residential Income
-
Zoning:LCR3*
-
Lot Features:Back Yard
-
Lot Size Area:4720.0000
-
Lot Size Dimensions:38x117
-
Lot Size Acres:0.1084
-
Lot Size SqFt:4720.00
-
View:1
-
View:City Lights
-
Security Features:Gated Community, Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
-
Additional Parcels:No
-
Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
-
Special Listing Conditions:Standard
-
Parcel Number:6024019046
Heating & Cooling
-
Heating:1
-
Heating:Wall Furnace
-
Cooling:Yes
-
Cooling:Wall/Window Unit(s)
Appliances
-
Appliances:Refrigerator
-
Included:Yes
The Community
-
Association:No
-
Pool:None
-
Senior Community:No
-
Private Pool:No
-
Spa Features:None
-
Assessments:No
Parking
-
Parking:Yes
-
Parking:Driveway
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 | $750,000 | |
10/23/24
Oct 23, 2024
|
Listed / Active | CRMLS_CA | ||
4/26/20
Apr 26, 2020
|
CRMLS_CA | $750,000 | -5.1% |