7001-7005 S Main St - Apartments FOR SALE


Los Angeles, CA 90003- Canndu/Avalon Gardens
$3,525,000 USD
213-503-0674
7001-7005 S Main St, Los Angeles, CA for Sale
$3,525,000 USD
Apartments - FOR SALE
1/15
null | 4.52% Cap Rate

7001-7005 S Main St
Los Angeles, CA 90003
Canndu/Avalon Gardens


HIGHLIGHTS

  • Low Rents
  • No Rent Control
  • Corner Building
  • Gated Parking
  • Good Unit Mix
  • Strong Rental Demand Area

OVERVIEW

A 16-unit apartment building that was built in 1983 and not subject to rent control. The property features an attractive unit mix consisting of 6 one-bedroom units and 10 two-bedroom units. Amenities include 21 gated parking spaces and also offers the convenience of an on-site laundry facility, providing additional value for both residents and ownership. Ideally located approximately half a mile from the 110 Freeway, the property offers excellent connectivity to Downtown Los Angeles, USC, and major employment centers throughout the region. Residents enjoy convenient access to public transportation, shopping, dining, and neighborhood services. Nearby attractions include BMO Stadium, the Los Angeles Memorial Coliseum, and Crypto.com Arena, while educational institutions such as the University of Southern California and Los Angeles Trade-Technical College further enhance the area's appeal. The property's central location and strong accessibility support sustained rental demand and long-term investment potential. Exempt from local rent control regulations, the property offers investors the opportunity to capitalize on the current rental upside in a centrally located Los Angeles submarket supported by strong and diverse tenant demand.

FOR SALE DETAILS

PRICE

$3,525,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

16

PRICE/UNIT

$220,313

CAP RATE

4.52%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1983

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,621 SF

ZONING

C2, Los Angeles

APN/PARCEL ID

6012-010-059

ASK ABOUT THIS PROPERTY

Brent HoganThe Hogan GroupMore Info
213-503-0674

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Brent HoganThe Hogan GroupMore Info
213-503-0674

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