Skip To Content

--
  • --
    BEDS
  • --
    ACRES
  • --
    BATHS
  • --
    1/2 BATHS
  • --
    SQFT
  • --
    $/SQFT

Listing Details

Status
--
On Site
--
On Market
--
MLS #
--
Neighborhood
--
Type
--
Built
--
County
--
Area
--

School Ratings & Info

Description

Huge Price Improvement! Excellent Investment Opportunity with great central location. No problem renting. 27 units - 6 large one plus ones and 21 good size singles. $3,700,000. 10.65 GRM and 5.1% CAP. Low price per door. Adjacent downtown Los Angeles and within 2 miles of USC. 3 story walk-up center corridor, newly painted, professionally managed. Low rents with solid upside. Good paying tenants who care about the building. New LED installation and waterproofing in attic. Qualifies for free tankless water heater program through SoCal Gas and DWP. Located in a transitioning neighborhood with busy ongoing neighboring businesses on a wide street. Well configured with street parking. Showings with approved offer. Drive by only, do not disturb tenants.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T23:25:41.927. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
www.thenajargroup.com/homes/119133091
Print Image

3212 S Main Street Los Angeles (City), CA 90007

  • Price: $3,700,000
  • Status: Active
  • Updated: 77 min ago
  • ID#: 21758760
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1912
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
Huge Price Improvement! Excellent Investment Opportunity with great central location. No problem renting. 27 units - 6 large one plus ones and 21 good size singles. $3,700,000. 10.65 GRM and 5.1% CAP. Low price per door. Adjacent downtown Los Angeles and within 2 miles of USC. 3 story walk-up center corridor, newly painted, professionally managed. Low rents with solid upside. Good paying tenants who care about the building. New LED installation and waterproofing in attic. Qualifies for free tankless water heater program through SoCal Gas and DWP. Located in a transitioning neighborhood with busy ongoing neighboring businesses on a wide street. Well configured with street parking. Showings with approved offer. Drive by only, do not disturb tenants.
Exterior Features

Parking Features None

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Gross Income 344397 Laundry Features Common Area Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 188927 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lam1

Listing provided courtesy of Michael R. Fukushima of Keller Williams Downtown La and Stephen F. Watson of Keller Williams Downtown La


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T23:25:41.927. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365758869-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365758869-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365758869-2.jpg
Logo
The Najar Group | Keller Williams Realty
1014 Broadway Ste C
El Cajon CA, 92021