$8,906 Closing Credit¹
Peter James, Listing Office: Lyon Stahl Investment Real Estate, Inc.
#24456261·
Listing Office: Lyon Stahl Investment Real Estate, Inc.·
Listing Agent: William James·
Listing Office Phone: 310-425-9838
$9,500
closing credit¹
7317 Parmelee Ave Los Angeles, CA 90001
$800,000 List price
$9,500
Closing credit¹
6 beds
5 baths
1,180 sqft
0.1 acres
$678 / sqft
House
Property details
About 7317 Parmelee Ave
7317 Parmelee is a 5 unit apartment building located just South of E. Florence and 1 block West of Compton Ave. The property is comprised of four studio, one bathroom units and one large three bedroom, one bath "owners unit". Currently all units are occupied with a total gross monthly income of $8,311. The lot runs from Parmelee to Elsie, with access to the property from both street. Gas and Electricity are separately metered. The property will have tremendous cash flow day one and is listed at a 7.82% cap rate and 8.02 x gross rents.
Highlights
Home typeOther
HeatingWall Furnace
StatusActive
CoolingWall/Window Unit(s)
Size1,180 sqft
Lot size0.1154 Acres
Year built1924
ParkingDriveway
MLS #24456261
ViewCity Lights
Summary
- MLS Number: 24456261
- MLS Name: CRMLS
- Office Name: Lyon Stahl Investment Real Estate, Inc.
- Office Phone: (310) 425-9838
- Listing Agent: William James
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/20/2025, 4:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$800,000
7317 Parmelee Ave
$9,500
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 23, 2020 | Home Sold | $2,175,000 |
| Aug 17, 2017 | Home Sold | $456,500 |
| Aug 25, 2014 | Home Sold | $190,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2021 | $479,861 | $7,661 |
| 2020 | $474,942 | $7,454 |
| 2019 | $465,630 | $7,375 |
| 2018 | $456,500 | $5,166 |
| 2017 | $270,278 | $5,166 |
History based on county public records data.
Nearby schools
6
Parmelee Elementary
Public District KG-6
0.2 mi
•1338 E 76th Pl
4
Miramonte Elementary School
Public District KG-5
0.3 mi
•1400 E 68th St
4
Wisdom Elementary School
Public District PK-6
0.3 mi
•1125 E 74th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $51,500. Typical income of Los Angeles, CA residents is between $35k-100k annually. The majority of families are married, with kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
37%
<35k
54%
35k-100k
9%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
17%
Single, No Kids
32%
Single, with Kids
11%
Married, No Kids
40%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
24%
<11 yrs old
12%
12-17 yrs old
28%
18-34 yrs old
32%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
Foot Locker
Burlington
Where do the neighbors go to eat?
Jack In The Box
Little Caesars
White Castle
What do the neighbors drive?
Nissan
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 7317 Parmelee Ave
This home is located at 7317 Parmelee Ave in Los Angeles, CA and zip code 90001 in the South LA neighborhood. This 1,180 square foot home, which was built in 1924, sits on a 0.12 acre lot. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $800,000.
Los Angeles, CA housing market in December 2024 saw over 524 listings sold above listed price, more than 203 sold at listed price and over 740 sold below. The number of listings in Los Angeles, CA decreased by 5.3% between November and December 2024. In December 2024 median list price was $1,026,634 and the average listing age was 41 days.
From Rocket Homes Real Estate and based on county public records data.