4313 S Main Street Los Angeles, CA 90037
**2nd Price Reduction** 4313 S Main St presents a phenomenal value-add opportunity within South Los Angeles, near Exposition Park and the Coliseum. While some renovations have already been done to this beautiful property, tremendous value remains to be uncovered in continuing renovations and conversion from 1 to 2 bedrooms for the additional vacant units as well as the addition of 2 ADU units that have already begun the permit process. Built as an 8 unit, the property currently has the benefit of 5 recent vacancies with the potential for more. A 2-bedroom, 2-story townhouse unit has just been completely renovated and is rent-ready. Plans are in place to convert most of the remaining vacancies to 2-bedroom units as well as build an additional two ADU units in the rear carport. Upon lease up at current Section 8 rates, the after-cost CAP rate on this property is pushing 8% with additional upside in turning the remaining occupied units. This offers a buyer looking for long-term stable cash flow an ideal opportunity. The 5 current vacant units will be delivered Rent Ready!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site49 Days
- MLS StatusActive
- MLS ID Number24418789
- Home Size Source N/A
- Year Built1962
- Lot Size0.1551 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking AssignedControlled Entrance
- Parking Spaces 0
- Number of Stories Multi/Split2
- Acreage 0.1551
- Security Gated Community
- Zoning LAC2
- Listing Conditions Standard
- Direction Faces East
Interior Features
- Heating Central
- Appliances Refrigerator
- Laundry Features Washer Included
Community Features
- Senior Community No
- MLS Area C42 - Downtown L.A.
- Security Features Gated Community