Tim Steuernol
This listing was posted on RealtyWW.
$2,300,000
S Main St, Los Angeles, Home For Sale
Price:
$2,300,000
BR/BA:
9 BR, 9 BA
Location:
4313 S Main St, Los Angeles, CA
Description:
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 north of 7% with additional upside in turning the remaining occupied units. This offers a buyer looking for long-term stable cash flow an ideal opportunity.For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i74362333
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More About this Listing: S Main St, Los Angeles, Home For Sale
S Main St, Los Angeles, Home For Sale is a 9 Bedroom 9 Bathroom Single-Family Homes for Sale at 4313 S Main St in Los Angeles CA. Find other listings like S Main St, Los Angeles, Home For Sale and listings near 4313 S Main St by searching Oodle Classifieds for 9 Bedroom 9 Bathroom Single-Family Homes for Sale in Los Angeles CA.
S Main St, Los Angeles, Home For Sale is a 9 Bedroom 9 Bathroom Single-Family Homes for Sale at 4313 S Main St in Los Angeles CA. Find other listings like S Main St, Los Angeles, Home For Sale and listings near 4313 S Main St by searching Oodle Classifieds for 9 Bedroom 9 Bathroom Single-Family Homes for Sale in Los Angeles CA.