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3212 S Main St

Los Angeles, CA 90007
  • $3,785,000
  • STATUS: Active
  • ON SITE: 159 days
  • MLS #: 21-678754
$3,785,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,270
    SQFT
  • $248
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1912
County:

School Ratings & Info

Description

Excellent Investment Opportunity with Great Central Location. No problem renting. 27 units- 6 large one plus ones and 21 good size singles for $3,785,000 with 10.9 GRM and 4.8% cap. Low price per door. Adjacent Downtown Los Angeles and within 2 miles of USC- 3 story walkup center corridor, newly painted, professionally managed. Low rents, great upside- Good paying tenants who care about the building. New LED installation and waterproofing in attic. Qualifies for free tankless water heater program through So Cal Gas and DWP. Located in a transitioning neighborhood with busy ongoing neighboring businesses on a wide street. Well configured with street parking. Showings only on approved offer. Drive by Only. Please do not disturb tenants.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-19T23:42:44.66. 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.
www.haciendagroupinc.com/homes/113185615
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3212 S Main St Los Angeles, CA 90007

  • Price: $3,785,000
  • Status: Active
  • MLS #: 21-678754
0
Beds
0
Baths
0
½ Baths
0.15
Acres
15,270
SQFT
$248
$/SQFT
1912
Built
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
Excellent Investment Opportunity with Great Central Location. No problem renting. 27 units- 6 large one plus ones and 21 good size singles for $3,785,000 with 10.9 GRM and 4.8% cap. Low price per door. Adjacent Downtown Los Angeles and within 2 miles of USC- 3 story walkup center corridor, newly painted, professionally managed. Low rents, great upside- Good paying tenants who care about the building. New LED installation and waterproofing in attic. Qualifies for free tankless water heater program through So Cal Gas and DWP. Located in a transitioning neighborhood with busy ongoing neighboring businesses on a wide street. Well configured with street parking. Showings only on approved offer. Drive by Only. Please do not disturb tenants.
Exterior Features

Lot Size Area 6497 Other Structures None Parking Garage On Street Total Parking 0

Interior Features

Baths Total 27.00 Cooling Other Equipment None Heating Wall Laundry Other

Property Features

Assessed Total Value 1185529 Gross Income 344397 Gross Operating Income 347397 Like Units1 21 Like Units2 6 Net Operating Income 183407.00 Number Of Buildings 1 Number Of Units 27 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 163990 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lam1

Listing provided courtesy of Stephen F. Watson DRE#01187813 of Keller Williams Downtown La.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-19T23:42:44.66. 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.
 
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Hacienda Agency Inc
77935 Calle Tampico # 201
La Quinta CA, 92253