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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.
Property Type(s):
Residential Income
| Last Updated | 6/5/2025 | Year Built | 1924 |
|---|---|---|---|
| Community | C37 - Metropolitan South | County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Refrigerator |
| AREA | C37 - Metropolitan South |
| CONSTRUCTION | Stucco |
| HEAT | Wall Furnace |
| LOT | 5027 sq ft |
| PARKING | Driveway |
| POOL DESCRIPTION | None |
| STORIES | 1 |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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