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    3212 S Main St

    Los Angeles, CA 90007
    • $3,850,000
    • STATUS: Active
    • ON SITE: 44 days
    • MLS #: 21-678754
    UPDATED: 206 min ago
    $3,850,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,270
      SQFT
    • $252
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:

    School Ratings & Info

    Description

    Excellent Investment Opportunity with Great Central Location. No problem renting. 27 units- 6 large one plus ones and 21 good size singles for $3,850,000 with 11.1 GRM and 4.7% cap. Manager has kept 4 unit vacant for showing during COVID. Low price per door. Adjacent Downtown Los Angeles and within 2 miles of USC- 3 story walkup center corridor, newly painted, professionally managed. Low rents, great upside- Good paying tenants who care about the building. New LED installation and waterproofing in attic. Qualifies for free tankless water heater program through So Cal Gas and DWP. Located in a transitioning neighborhood with busy ongoing neighboring businesses on a wide street. Well configured with street parking. Showings only on approved offer. Drive by Only. Please do not disturb tenants.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-24T23:42:34.077. 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.jelmbergteam.com/homes/113185615
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    3212 S Main St Los Angeles, CA 90007

    • Price: $3,850,000
    • Status: Active
    • Updated: 206 min ago
    • MLS #: 21-678754
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    15,270
    SQFT
    $252
    $/SQFT
    1912
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    Excellent Investment Opportunity with Great Central Location. No problem renting. 27 units- 6 large one plus ones and 21 good size singles for $3,850,000 with 11.1 GRM and 4.7% cap. Manager has kept 4 unit vacant for showing during COVID. Low price per door. Adjacent Downtown Los Angeles and within 2 miles of USC- 3 story walkup center corridor, newly painted, professionally managed. Low rents, great upside- Good paying tenants who care about the building. New LED installation and waterproofing in attic. Qualifies for free tankless water heater program through So Cal Gas and DWP. Located in a transitioning neighborhood with busy ongoing neighboring businesses on a wide street. Well configured with street parking. Showings only on approved offer. Drive by Only. Please do not disturb tenants.
    Exterior Features

    Lot Size Area 6497 Other Structures None Parking Garage On Street Total Parking 0

    Interior Features

    Baths Total 27.00 Cooling Other Equipment None Heating Wall Laundry Other

    Property Features

    Assessed Total Value 1185529 Gross Income 344397 Gross Operating Income 347397 Like Units1 21 Like Units2 6 Net Operating Income 182627.00 Number Of Buildings 1 Number Of Units 27 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 164770 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lam1

    Listing provided courtesy of Stephen F. Watson DRE#01187813 of Keller Williams Downtown La.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-24T23:42:34.077. 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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    The Jelmberg Team | Keller Williams
    39-575 Washington Street, Suite #105
    Palm Desert CA, 92211