Homes for sale - 4313 S Main ST, Los Angeles, CA 90037

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tue

Dec

Wed

Dec

Thu

Dec

Amanda Zito

Real Brokerage

soldbyzitoteam@gmail.com +1(949) 484-9486

$ 1,875,000

Est. payment | -/mo

9 Beds

9 Baths

5,927 SqFt

Save

$ 1,875,000

Est. payment | -/mo

Save

9 Beds

9 Baths

5,927 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,927 sqft

Price per Sqft $316

MLS Listing ID 24418789

Bedrooms 9

HOA Y/N No

Year Built 1962

Lot Size 6,756 Sqft

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 C42 - Downtown L.A.

Zoning LAC2

Interior

Heating Central

Fireplace No

Appliance Refrigerator, Washer

Exterior

Parking Features Assigned, Controlled Entrance

Community Features Gated

Building

Faces East

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5111012003

Security Features Gated Community

Special Listing Condition Standard

Listed by Tim Steuernol • NAI Capital Commercial Inc.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 484-9486

soldbyzitoteam@gmail.com

4313 S Main ST Los Angeles, CA 90037