6714 Parmelee Avenue, Los Angeles, CA 90001 (MLS # 26990985)

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PRICE $833,000 dsIDX morgage calculator
BEDS 5
BATHS 5
HOME SIZE 2,506 sqft
LOT SIZE 5,236 sqft
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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.

DAYS ON MARKET 4 LAST UPDATED 9/22/2026
YEAR BUILT 1963 COMMUNITY C42 - Downtown L.A.
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None
AREA C42 - Downtown L.A.
HEAT Wall Furnace
LOT 5236 sq ft
LOT DIMENSIONS 42x125
PARKING Carport
STORIES 2
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Listing provided by : Sevak Keshishian, Marcus & Millichap

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