11813 South Main Street

Los Angeles, CA 90061

$725,000
Price
5
Beds
5
Baths
2,552 Sq. Ft.
$284 / Sq. Ft.
2,552
Sq. Ft.
$284
per Sq. Ft.

Description

Part of 11 building portfolio. Can be sold separately. 11813 Main St is a great cash flow opportunity with a great current cap rate and cash flow on day one. There is upside potential in rents as well providing an opportunity for an investor to realize long term growth. The 4 unit offering is comprised of (2) Single / 1 Bath, (1) 2 Bed / 1 Bath, and (1) 3 Bed / 1 Bath. The building consists of 2,552 square feet of gross leasable area on a 3,685 square foot lot zoned LAR4 and was built in 1955.Part of 11 building portfolio. Can be sold separately. 11813 Main St is a great cash flow opportunity with a great current cap rate and cash flow on day one. There is upside potential in rents as well providing an opportunity for an investor to realize long term growth. The 4 unit offering is comprised of (2) Single / 1 Bath, (1) 2 Bed / 1 Bath, and (1) 3 Bed / 1 Bath. The building consists of 2,552 square feet of gross leasable area on a 3,685 square foot lot zoned LAR4 and was built in 1955.
  1. Listed by Peter James • DRE #01748556 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by William James • DRE #01734419 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 11813 South Main Street

Zoning
LAR4
Parcel Number
6087016018
Total Units
4.0
Living Area
2552
Source Living Area
Vendor Enhanced
Area
Metropolitan South (C37)
Vacancy Rate
0
Lot Size Area
3685
LISTING UPDATED: 11/01/2024 12:01 AM

Property Details for 11813 South Main Street

StatusActive
MLS #24-456655
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.08 AC / 3,685 SF
CountyLos Angeles County

Building Information for 11813 South Main Street

Stories2Residences-Year Built1955Building Size-Lot Size0.08 AC / 3,685 SF

Property Information for 11813 South Main Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: APT
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated
  • Direction Faces: East
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas, Water Heater Unit
Contract Info
Contract Info
  • Financing: Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $73,310
  • Net Operating Income: $53,599.00
  • Gross Income: $77,169
  • Cap Rate: 7.39%
  • Gross Rent Multiplier: $9.40
  • Vacancy Allow Dollar: $3,858.00
  • Vacancy Allow Percent: 5.00%
  • Owner Pays: Water
  • Total Annual Expense: 19712
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.0846
  • Lot Size Square Feet: 3685
  • Lot Features: Rectangular Lot
  • Lot Description: Alley Paved, Lot-Level/Flat, Fenced, Lot Shape-Rectangular
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Gated, Uncovered, Driveway - Concrete
  • Total Parking: 4
  • Open Other Spaces Total: 4
  • Parking Features: Gated, Uncovered, Concrete
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Microwave, Refrigerator, Range/Oven
  • Cooking Appliances: Microwave, Gas/Electric Range, Gas
  • Laundry: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Roof: Composition, Rolled/Hot Mop, Shingle
  • New Construction: No
  • Construction Materials: Stucco, Wood Siding
  • Exterior Construction: Stucco, Wood Siding
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-24-2024
  • Listing Terms: Cash To New Loan
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,431.00
  • Unit Actual Rent: $2,861.00
  • Unit Projected Rent: $4,264.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $3,052.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,719.00
  • Unit Actual Rent: $1,719.00
  • Unit Projected Rent: $3,915.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $262,793.00
  • Assessed Improvement Percent: 41.67
  • Assessed Land Value: $367,911.00
  • Assessed Land Percent: 58.33
  • Assessed Total Value: $630,704.00

Property History for 11813 South Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11813 South Main Street

Taxable ValueLand$375,269Additions$268,048Total$643,317
Tax Record2024$8,654 ($721 / month)
Home Facts
Total Finished SqFt2,552 SqFtAbove Grade Finished SqFt2,552 SqFtLot Size3,685 SqFtStyleQuadraplexYear Built1955ZoningLAR4CountyLOS ANGELESAPN6087-016-018

Schools near 11813 South Main Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Charter - 9 to 12
Public - 9 to 12
Rating
School
Distance
One Hundred Eighteenth Street School
PublicK to 5

Alliance Jack H. Skirball Middle School
Charter6 to 8

Alain Leroy Locke College Prep Academy
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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11813 South Main Street is a multi-family home for sale in Los Angeles, CA 90061. This property was listed for sale on October 24, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $725,000. It has been on the market for a total of 41 days and was last sold on April 23, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include One Hundred Eighteenth Street School, Alliance Jack H. Skirball Middle School and Alain Leroy Locke College Prep Academy. 11813 South Main Street is a 5-bed, 5-bath, 2,552 sqft multi-family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556; Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.