4309 S Main St - Apartments FOR SALE


Los Angeles, CA 90037- Vernon-Main
$2,750,000 USD
4309 S Main St, Los Angeles, CA for Sale
$2,750,000 USD
Apartments - FOR SALE
1/23
null | 7.04% Cap Rate

4309 S Main St
Los Angeles, CA 90037
Vernon-Main


OVERVIEW

This charming 1920s-era asset offers a compelling combination of historic character, operational efficiency, and strong in-place cash flow. The property features an efficient 20-unit configuration comprised of eighteen studio/one-bath units and two one-bedroom/one-bath units, catering to broad renter demand. Residents benefit from secure entry and on-site laundry facilities, while the location is enhanced by Walk Score® ratings of Very Walkable and Very Bikeable. Positioned near the Exposition Park/USC district, the property enjoys excellent connectivity via the Metro E Line and convenient access to the I-110 Freeway, providing seamless access to Downtown Los Angeles and major employment centers throughout the region. Ownership has also completed several notable capital improvements, including upgrades to the electrical system, enhancements to portions of the plumbing infrastructure, and roof improvements with seal coating completed in recent years, helping to support the property's long-term operations and appeal.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

20

PRICE/UNIT

$137,500

CAP RATE

7.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,757 SF

ZONING

LAC2

APN/PARCEL ID

5111-012-002

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

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Tony AzziMarcus & MillichapMore Info

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