6500 S Main St - Apartments FOR SALE


Los Angeles, CA 90003- Canndu/Avalon Gardens
$1,900,000 USD
310-729-1559
6500 S Main St, Los Angeles, CA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/28
null | 9.06% Cap Rate

6500 S Main St
Los Angeles, CA 90003
Canndu/Avalon Gardens


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
  • All four units will be delivered vacant, allowing a buyer to collect market rents from future tenants
  • Including 8 parking spaces, the property lot measures at over 7,000 Square Feet
  • Conveniently located in South Los Angeles, in close proximity to several trendy coffee shops, restaurants, and major metropolitan hubs

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$238 USD /SF

# OF UNITS

4

PRICE/UNIT

$475,000

CAP RATE

9.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LAC2

APN/PARCEL ID

6011-001-064

ASK ABOUT THIS PROPERTY

Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

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Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.