7662 S Main St, Los Angeles, CA 90003

$2,280,000
12
BD
12
BA
7,040
SqFt
List Price
$2,280,000
MLS#
22-171327
Year Built
1956
Bedrooms
12
Bathrooms
12
Living Sq. Ft
7,040
Lot Size
10,194
Days on Market
8
Property Type
Multifamily
Stories
2

Property Description

We are pleased to present the opportunity to acquire 7662-7674 South Main Street, a twelve-unit apartment building in the Florence neighborhood of Los Angeles. Built in 1956, the property consists of two six-unit structures over two separate parcels. The building sits on two lots totaling 10,194 square feet with 7,040 of rentable space and is comprised of all two-bedroom one-bathroom units. The property provides tenants with on-site, gated parking (12 spaces) and the electricity and gas are both individually metered. With over 59% upside in rental income, the property provides an astute investor a unique value-add opportunity, potential capital gain deferment and long-term cash flow. Located South of West Florence and East of South Broadway, the property is centrally and just a short drive to the 110 and 105 freeways. The property is also walking distance from many local retail shops, restaurants and the 77th street community police station providing a safe environment for the local community.

Additional Information

Other Buildings
None
Heat
Wall Gas
Cooling
None
Number of Cars in Garage
Gated

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of , Sevak Keshishian - CA DRE#

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