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31091058
31091083

6500 Main St, Los Angeles, CA 90003 For Sale

AJ
CA 02100737
Lyon Stahl Investment Real Estate
Listed by Lyon Stahl Investment Real Estate
$1,799,000
124 days on market
Updated 47 days ago

6500 S Main St

Details
APN 6011-001-064
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,799
Net Rentable (SqFt) 6,799
Units 4
Cap Rate 10.58%
NOI $190,354
Pro-Forma Cap Rate 10.58%
Pro-Forma NOI $190,354
Price per SqFt $265
Class C
Year Built 2020
Buildings 2
Stories 2
Lot Size (SqFt) 7,150
Zoning LS C2
Ground Lease No

FULLY VACANT | 4 Units in South LA

Marketing description

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 (3) 6 Bed/3 Bath and (1) 4 Bed/3 Bath Units. With each unit measuring at an average of 1,700 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 $ 20,000 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.

Investment highlights

  • Desirable unit mix, consisting of (1) 4 Bed/3 Bath and (3) 6 Bed/3 Bath Units, each measuring at an average of 1,700 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

Listing Contacts

AJ
CA 02100737
Lyon Stahl Investment Real Estate
Listed by Lyon Stahl Investment Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$190,354.00
$15,862.83/mo

Valuation Metrics

0
DSCR
10.58%
Cap Rate
10.58%
ROI

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Additional Information

Name
Aaron Jacobson
License
02100737
Title
California
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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