4313 South Main Street

Los Angeles, CA 90037

$1,875,000
Price
9
Beds
9
Baths
5,927 Sq. Ft.
$316 / Sq. Ft.
5,927
Sq. Ft.
$316
per Sq. Ft.

Description

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...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!
  1. Listed by Tim Steuernol • DRE #01742766 • Brokerage DRE #00389515 • NAI Capital Commercial Inc.

Property Details for 4313 South Main Street

Zoning
LAC2
Parcel Number
5111012003
Total Units
8.0
Living Area
5927
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
7
Lot Size Area
6757
LISTING UPDATED: 10/30/2024 10:35 PM

Property Details for 4313 South Main Street

StatusActive
MLS #24-418789
Days on Market124
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.16 AC / 6,757 SF
CountyLos Angeles County

Building Information for 4313 South Main Street

Stories2Residences-Year Built1962Building Size-Lot Size0.16 AC / 6,757 SF

Property Information for 4313 South Main Street

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: (1+1) (2+2)
  • Security Features: Gated
  • Direction Faces: East
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $272,824
  • Net Operating Income: $187,416.00
  • Gross Income: $272,824
  • Gross Rent Multiplier: $8.70
  • Total Annual Expense: 77398
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1551
  • Lot Size Square Feet: 6757
  • Lot Description: Fenced Yard, Fenced
Parking Details
Parking Details
  • Parking Garage: Assigned, Controlled Entrance
  • Total Parking: 0
  • Parking Features: Assigned, Controlled Entrance
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: Gas Or Electric Dryer Hookup, Refrigerator, Washer
  • Common Walls: Attached
  • Laundry: Laundry Area
Exterior Features
Exterior Features
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-23-2024
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $2,132.00
  • Unit Projected Rent: $2,132.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $3,052.00
  • Unit Projected Rent: $3,052.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $3,052.00
  • Unit Projected Rent: $3,052.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $3,052.00
  • Unit Projected Rent: $3,052.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $3,052.00
  • Unit Projected Rent: $3,052.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $3,052.00
  • Unit Projected Rent: $3,052.00
  • Like Units: 6
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $2,407.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 7
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $999.00
  • Unit Actual Rent: $999.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 8
Unit 9 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,183.00
  • Unit Actual Rent: $1,183.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 9
Unit 10 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,399.00
  • Unit Actual Rent: $1,399.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 10
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $347,102.00
  • Assessed Improvement Percent: 61.35
  • Assessed Land Value: $218,646.00
  • Assessed Land Percent: 38.65
  • Assessed Total Value: $565,748.00

Property History for 4313 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 4313 South Main Street

Taxable ValueLand$223,018Additions$354,044Total$577,062
Tax Record2024$8,168 ($681 / month)
Home Facts
Total Finished SqFt5,927 SqFtAbove Grade Finished SqFt5,927 SqFtLot Size6,757 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLAC2CountyLOS ANGELESAPN5111-012-003

Schools near 4313 South Main Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
West Vernon Avenue Elementary School
PublicK to 5

William Jefferson Clinton Middle School
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
Public9 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.

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4313 South Main Street is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on July 23, 2024 by NAI Capital Commercial Inc., it's currently listed at $1,875,000. It has been on the market for a total of 124 days and was last sold on September 22, 2003. This listing's school district is Los Angeles Unified School District. Nearby schools include West Vernon Avenue Elementary School, William Jefferson Clinton Middle School and Thomas Jefferson Senior High School. 4313 South Main Street is a 9-bed, 9-bath, 5,927 sqft multi-family home built in 1962.

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 NAI Capital Commercial Inc., Tim Steuernol, DRE #01742766

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.