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6500 S Main St
Los Angeles, CA 90003
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Desirable unit mix, consisting of (2) 4 Bed/3 Bath and (2) 6 Bed/3 Bath Units, each measuring at an average of 1,665 Square Feet
- Including 8 parking spaces, the property lot measures at over 7,000 Square Feet
- All four units will be delivered vacant, allowing a buyer to collect market rents from future tenants
- Conveniently located in South Los Angeles, in close proximity to several trendy coffee shops, restaurants, and major metropolitan hubs
Executive Summary
6500 S Main St presents an excellent opportunity to purchase a fully vacant four-unit property in South Los Angeles. The property features a great mix of (2) 6 Bed/3 Bath and (2) 4 Bed/3 Bath Units. With each unit measuring at an average of 1,665 Square Feet, the oversized units makes it attractive to a wide range of renters. With all four units delivered vacant, the next owner has the ability to lease the units at full market rents from day one. Based on market rents, the property has the potential to generate $ 19,000 per month in gross income, making it a strong opportunity for an investor seeking solid cash flow. The property could also be ideal for an owner-user looking to live in one of the units to help offset their mortgage. The property is conveniently located in South Los Angeles with easy access to Downtown LA, USC, along with major transportation routes and employment centers throughout the city.
Property Facts
| Price Per Unit | $650,147 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 9.06% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 8.33 | Building Size | 7,150 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1999/2020 |
| Property Subtype | Apartment | ||
| Zoning | LAC2 - Neighborhood Commercial | ||
| Price Per Unit | $650,147 CAD |
| Sale Type | Investment |
| Cap Rate | 9.06% |
| Gross Rent Multiplier | 8.33 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 7,150 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1999/2020 |
| Zoning | LAC2 - Neighborhood Commercial |
Amenities
Unit Amenities
- Heating
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