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$1,799,000

Est. payment - /mo

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20 Beds

12 Baths

6,799 SqFt

Price Dropped by $101K

6500 S Main ST Los Angeles, CA 90003

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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,799 sqft

Price per Sqft $264

MLS Listing ID 26664199

Bedrooms 20

Construction Status Fixer,Repairs Major

HOA Y/N No

Year Built 2020

Lot Size 7,148 Sqft

Property Description

2020 CONSTRUCTION! $264.60/SF WELL BELOW REPLACEMENT COST AND NOT SUBJECT TO ANY RENT CONTROL. The property features a great mix of units, including (2) 6 Bedroom- 3 Bath and (2) 4 Bedroom-3 Bath Units. With each unit measuring at an average of 1,665 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 $19,000 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 while collecting income from the other units to help offset their mortgage. The property is conveniently located in South Los Angeles with easy access to Downtown.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAC2

Interior

Heating Central

Fireplace No

Exterior

Parking Features Door-Multi, Door-Single, Garage, Unassigned, Uncovered

Garage Spaces 6.0

Garage Description 6.0

Pool None

Total Parking Spaces 8

Private Pool No

Building

Faces West

Story 2

Entry Level Two,Multi/Split

Level or Stories Two, Multi/Split

New Construction No

Construction Status Fixer,Repairs Major

Others

Senior Community No

Tax ID 6011001064

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Nuriel Elisha Lyon Stahl Investment Real Estate, Inc. #02185261

NEARBY SCHOOL & BUSINESS

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