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We are pleased to present the opportunity to acquire 6714 Parmelee Ave, an attractive multifamily property that consists of five legal units and one non-conforming unit, located in the Florence-Firestone neighborhood of South Los Angeles. The property consists of approximately 2,506 SF of building area on a 5,237 SF lot and is zoned LCR3YY, offering an attractive combination of existing income and long-term upside. Originally constructed in 1963, the property features six 1-bedroom/1-bathroom units, providing an investor with a diverse income-producing asset. The property offers six parking spaces, including two open-air spaces and four covered carport spaces located in the rear, along with gated access. Residents benefit from individually metered gas and electricity, allowing the owner to minimize utility expenses and place greater responsibility for consumption directly on tenants. The property offers approximately 29% rental upside, providing an investor with an opportunity to increase income through the repositioning and lease-up of the property. The property is conveniently located directly across the street from Miramonte Elementary School, one block west of Compton Ave, and just a few blocks south of Gage Ave. Its location provides convenient access to major thoroughfares, public transportation, schools, employment centers, and neighborhood amenities throughout South Los Angeles.
Property Type(s):
Residential Income
| Last Updated | 9/22/2026 | Year Built | 1963 |
|---|---|---|---|
| Community | C42 - Downtown L.A. | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AREA | C42 - Downtown L.A. |
| HEAT | Wall Furnace |
| LOT | 5236 sq ft |
| LOT DIMENSIONS | 42x125 |
| PARKING | Carport |
| STORIES | 2 |
Location
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Listed with Marcus & Millichap
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.
This IDX solution is (c) Diverse Solutions 2026.
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