4313 South Main Street
$1,875,000
9
9
5,927
5,927
$316
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!
- Listed by Tim Steuernol • DRE #01742766 • Brokerage DRE #00389515 • NAI Capital Commercial Inc.
Property Details for 4313 South Main Street
Zoning
LAC2
Parcel Number5111012003
Total Units8.0
Living Area5927
Source Living AreaVendor Enhanced
AreaDowntown L.A. (C42)
Vacancy Rate7
Lot Size Area6757
LISTING UPDATED: 10/30/2024 10:35 PM
Property Details for 4313 South Main Street
Status | Active |
---|---|
MLS # | 24-418789 |
Days on Market | 124 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1962 |
Lot Size | 0.16 AC / 6,757 SF |
County | Los 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
Property History for 4313 South Main Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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