CA > Los Angeles
Los Angeles, CA 90037,4313 S Main St
Los Angeles, CA 90037,4313 S Main St
Los Angeles, CA 90037,4313 S Main St
17
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$1,875,000
Est. payment /mo
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9 BD
9 BA
5,927 SqFt
Price Dropped by $75K

4313 S Main St Los Angeles, CA 90037

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Joshua Shorter

Joshua Shorter

+1(702) 728-0089

UPDATED:

10/31/2024 05:35 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,927 sqft

Price per Sqft $316

MLS Listing ID 24-418789

Bedrooms 9

Year Built 1962

Lot Size 6,757 Sqft

Acres 0.1551

Property Description

**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 conversion 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!

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAC2

Rooms

Other Rooms None

Interior

Heating Central

Cooling Air Conditioning

Equipment Gas Or Electric Dryer Hookup, Refrigerator, Washer

Laundry Laundry Area

Exterior

Parking Features Assigned, Controlled Entrance

Building

Lot Description Fenced Yard, Fenced

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by NAI Capital Commercial Inc.

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Joshua Shorter

RE.S.0191694

+1(702) 728-0089

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4313 S Main St