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Listing Details

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On Site
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MLS #
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School Ratings & Info

Description

Huge Price Improvement! Excellent Investment Opportunity with great central location. No problem renting. 27 units - 6 large one plus ones and 21 good size singles. $3,700,000. 10.65 GRM and 5.1% CAP. Low price per door. Adjacent downtown Los Angeles and within 2 miles of USC. 3 story walk-up center corridor, newly painted, professionally managed. Low rents with solid upside. Good paying tenants who care about the building. New LED installation and waterproofing in attic. Qualifies for free tankless water heater program through SoCal Gas and DWP. Located in a transitioning neighborhood with busy ongoing neighboring businesses on a wide street. Well configured with street parking. Showings with approved offer. Drive by only, do not disturb tenants.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-18T21:42:44.897. 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/119131409
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3212 S Main St Los Angeles, CA 90007

  • Price: $3,700,000
  • Status: Active
  • Updated: 33 min ago
  • MLS #: 21-758760
0
Beds
0
Baths
0
½ Baths
0.15
Acres
15,270
SQFT
$242
$/SQFT
1912
Built
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
Huge Price Improvement! Excellent Investment Opportunity with great central location. No problem renting. 27 units - 6 large one plus ones and 21 good size singles. $3,700,000. 10.65 GRM and 5.1% CAP. Low price per door. Adjacent downtown Los Angeles and within 2 miles of USC. 3 story walk-up center corridor, newly painted, professionally managed. Low rents with solid upside. Good paying tenants who care about the building. New LED installation and waterproofing in attic. Qualifies for free tankless water heater program through SoCal Gas and DWP. Located in a transitioning neighborhood with busy ongoing neighboring businesses on a wide street. Well configured with street parking. Showings with approved offer. Drive by only, do not disturb tenants.
Exterior Features

Cross Streets W 32nd St. Lot Size Area 6497 Other Structures None Parking Garage None Total Parking 0

Interior Features

Baths Total 27.00 Cooling None Equipment None Heating Wall Laundry Community Water Heater Features Tankless

Property Features

Assessed Total Value 1258090 Gross Income 344397 Gross Operating Income 347397 Like Units1 6 Like Units2 21 Net Operating Income 188927.00 Number Of Buildings 1 Number Of Units 27 Owner Pays GasWaterElectricity Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 158470 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Lam1

Listing provided courtesy of Michael R. Fukushima DRE#01380445 of Keller Williams Downtown La.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-18T21:42:44.897. 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