About 7317 Parmelee Avenue
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.
Features of 7317 Parmelee Avenue
| MLS® # | 25548617 |
|---|---|
| Price | $800,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Square Footage | 1,180 |
| Acres | 0.12 |
| Year Built | 1924 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 7317 Parmelee Avenue |
|---|---|
| Area | C37 - Metropolitan South |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90001 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Parking | Driveway |
| Garages | Driveway |
| View | City Lights |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Appliances | Refrigerator |
|---|---|
| Heating | Wall Furnace |
| Cooling | Wall/Window Unit(s) |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 1 |
| Stories | One |
Exterior
| Exterior | Stucco |
|---|---|
| Construction | Stucco |
Additional Information
| Date Listed | June 5th, 2025 |
|---|---|
| Days on Market | 131 |
| Zoning | LCR3* |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | William James |
|---|---|
| Office | Lyon Stahl Investment Real Estate, Inc. |