4313 S Main Street
Los Angeles, CA 90037
- – beds
- – baths
- – sqft
- 6,757 sqft lot
- 1962 build
- – on site
**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!
Last checked:
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Last updated Oct 31, 2024
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MLS# 24418789 —
The Building
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Year Built:1962
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New Construction:No
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Faces:East
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Building Area Total:5927.00
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# of Buildings:1
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Total Number Of Units:8
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Stories Total:2
Interior
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Levels:Multi/Split
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Entry Location:Ground Level w/steps
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Laundry:Washer Included
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Laundry:1
Location
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Directions:Parking is best on Main St or 43rd.
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Latitude:34.00524000
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Longitude:-118.27419700
The Property
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Property Type:Residential Income
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Zoning:LAC2
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Lot Size Area:6757.0000
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Lot Size Acres:0.1551
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Lot Size SqFt:6757.00
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Security Features:Gated Community
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5111012003
Heating & Cooling
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Heating:1
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Heating:Central
Appliances
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Appliances:Refrigerator
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Assigned, Controlled Entrance
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/30/24
Oct 30, 2024
|
Price Changed | CRMLS_CA | $1,875,000 | -3.8% |
|
8/19/24
Aug 19, 2024
|
Price Changed | CRMLS_CA | $1,950,000 | -6.9% |
|
8/1/24
Aug 1, 2024
|
Price Changed | CRMLS_CA | $2,095,000 | -8.9% |
