Listing Courtesy of: Tim Steuernol - NAI Capital Commercial Inc. 818-905-2400
$1,875,000 affordable loan icon Calculate Payment

Main St Los Angeles, CA 90037

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Other Residence
9 Beds
9 Baths
5,927 Sq. Ft.
0.16 Acre Lot
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Last updated on 11/14/2024 11:15 PM

Listing Details

**2nd Price Reduction** 4313 S Main St presents a phenomenal value-add opportunity within South Los Angeles, near Exposition Park and the Coliseum. While some renovations have already been done to this beautiful property, tremendous value remains to be uncovered in continuing renovations and convers...ion from 1 to 2 bedrooms for the additional vacant units as well as the addition of 2 ADU units that have already begun the permit process. Built as an 8 unit, the property currently has the benefit of 5 recent vacancies with the potential for more. A 2-bedroom, 2-story townhouse unit has just been completely renovated and is rent-ready. Plans are in place to convert most of the remaining vacancies to 2-bedroom units as well as build an additional two ADU units in the rear carport. Upon lease up at current Section 8 rates, the after-cost CAP rate on this property is pushing 8% with additional upside in turning the remaining occupied units. This offers a buyer looking for long-term stable cash flow an ideal opportunity. The 5 current vacant units will be delivered Rent Ready! Continue reading
MLS#
24-418789
Property Type
Other
Bedrooms
9
Bathrooms
Year Built
1962
Square Feet
5,927 sq. ft
Price per Sq. Ft.
$316.35
Lot Size
0.16
Sewer
No Sewer
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Listing Courtesy of: Tim Steuernol - NAI Capital Commercial Inc. 818-905-2400
Barbara Lynn Simmons, License CALBRE 637579, Xome Inc., License CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361


Based on information from Combined LA/Westside Multiple Listing Service, Inc. as of 11/15/2024. 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. Properties may or may not be listed by the office/agent presenting the information.
This content last refreshed on 11/14/2024 11:15 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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