4313 S Main St
Los Angeles, CA 90037
9 Beds9 Baths5,927 Sq Ft152 Days on Market
For Sale $1,875,000
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Courtesy of NAI Capital Commercial Inc.
Listing Agent & Comments
Tim Steuernol • NAI Capital Commercial Inc.
310-878-6892 • TSteuernol@naicapital.com License #01742766**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!
MLS# 24418789 • Data provided by CRMLS
Living Area | 5,927 Sq.Ft. |
---|---|
Lot Size | 6,756 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 9 |
Bathrooms | 9 |
Stories | 2 |
Year Built | 1962 |
Property Type | Multifamily |
Zoning | LAC2 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $8,168 |
Property in Flood Zone | -- |
Data provided by CRMLS.
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,825,350
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and rental estimate
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HouseCanary, Inc. Brokerage
4313 S Main St., Los Angeles, CA 90037
Multifamily9 Beds9 Baths5,927 Sq Ft152 Days on Market
Listing Agent & Comments
Tim Steuernol • NAI Capital Commercial Inc.
310-878-6892 • TSteuernol@naicapital.com License #01742766**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!
MLS# 24418789 • Data provided by CRMLS
Living Area | 5,927 Sq.Ft. |
---|---|
Lot Size | 6,756 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 9 |
Bathrooms | 9 |
Stories | 2 |
Year Built | 1962 |
Property Type | Multifamily |
Zoning | LAC2 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $8,168 |
Property in Flood Zone | -- |
Data provided by CRMLS.
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
For Sale $1,875,000
Request tour
Save
Courtesy of NAI Capital Commercial Inc.
4313 S Main St
Los Angeles, CA 90037
9 Beds9 Baths5,927 Sq Ft152 Days on Market
Listing Agent & Comments
Tim Steuernol • NAI Capital Commercial Inc.
310-878-6892 • TSteuernol@naicapital.com License #01742766**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!
MLS# 24418789 • Data provided by CRMLS
Living Area | 5,927 Sq.Ft. |
---|---|
Lot Size | 6,756 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 9 |
Bathrooms | 9 |
Stories | 2 |
Year Built | 1962 |
Property Type | Multifamily |
Zoning | LAC2 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $8,168 |
Property in Flood Zone | -- |
Data provided by CRMLS.
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,825,350
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
For Sale $1,875,000
Request tour
Save
Courtesy of NAI Capital Commercial Inc.