For Sale
$725,000

11813 Main St Los Angeles, CA 90061

Four-unit apartment building, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a four-unit apartment building located at 11813 S Main St, Los Angeles, CA 90061, within the dynamic South Los Angeles submarket. The property, built in 1955, boasts a total of 2,552 square feet on a 3,685 square foot lot (APN: 6087-016-018) and is zoned LAR4. Currently listed at $725,000, this represents a price per unit of $181,250 and a price per square foot of $284. The property offers a compelling 7.39% cap rate and a pro-forma cap rate of 14.94%. Each of the four units is separately metered, simplifying management and enhancing operational efficiency. The property's strategic location provides convenient access to major transportation routes, local retail amenities, and essential services, contributing to strong rental demand and potential for future appreciation. This multifamily asset is ideally suited for investors seeking consistent cash flow and long-term portfolio growth within a revitalizing neighborhood. The property's durable construction and versatile unit configurations ensure low maintenance and broad tenant appeal, contributing to stable occupancy rates. This is a rare opportunity to acquire a well-positioned multifamily property in a rapidly developing area of Los Angeles.

Highlights

  • Location: 11813 S Main St, Los Angeles, CA 90061, in the South Los Angeles submarket.
  • Property Type: Four-unit apartment building, 2,552 sq ft on a 3,685 sq ft lot (APN: 6087-016-018), built in 1955, zoned LAR4.
  • Unit Features: Separate meters for each unit.
  • Utilities: Individually metered units.
  • Zoning: LAR4 zoning.
  • Investment Highlights: $725,000 asking price ($181,250 per unit, $284 per sq ft), 7.39% cap rate, 14.94% pro-forma cap rate.

Property Details for 11813 Main St

Property type
Apartment buildings
Square Feet
2,552 SF
Year Built
1955
Units
4

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
33.9260306
Longitude
-118.2742375

FAQs

What type of property is this?
Apartment building - Four-unit apartment building, high ROI.
Where is the apartment building located?
The property is located at 11813 Main St Los Angeles, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Location: 11813 S Main St, Los Angeles, CA 90061, in the South Los Angeles submarket.; Property Type: Four-unit apartment building, 2,552 sq ft on a 3,685 sq ft lot (APN: 6087-016-018), built in 1955, zoned LAR4.; Unit Features: Separate meters for each unit.
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11813 Main St
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