Skip To Content

    3212 S Main Street

    Los Angeles (City), CA 90007
    • $3,850,000
    • STATUS: Active
    • ON SITE: 95 days
    • ID#: 21678754
    $3,850,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,270
      SQFT
    • $252
      $/SQFT
    Neighborhood:
    C42 - Downtown L.A.
    Type:
    Multi-Family
    Built:
    1912
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.

    School Ratings & Info

    Visit GreatSchools.org

    Description

    Excellent Investment Opportunity with Great Central Location. No problem renting. 27 units- 6 large one plus ones and 21 good size singles for $3,850,000 with 11.1 GRM and 4.7% cap. Manager has kept 4 unit vacant for showing during COVID. Low price per door. Adjacent Downtown Los Angeles and within 2 miles of USC- 3 story walkup center corridor, newly painted, professionally managed. Low rents, great upside- Good paying tenants who care about the building. New LED installation and waterproofing in attic. Qualifies for free tankless water heater program through So Cal Gas and DWP. Located in a transitioning neighborhood with busy ongoing neighboring businesses on a wide street. Well configured with street parking. Showings only on approved offer. Drive by Only. Please do not disturb tenants.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-17T00:27:53.82. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/113186990
    Print Image

    3212 S Main Street Los Angeles (City), CA 90007

    • Price: $3,850,000
    • Status: Active
    • ID#: 21678754
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    15,270
    SQFT
    $252
    $/SQFT
    1912
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    Excellent Investment Opportunity with Great Central Location. No problem renting. 27 units- 6 large one plus ones and 21 good size singles for $3,850,000 with 11.1 GRM and 4.7% cap. Manager has kept 4 unit vacant for showing during COVID. Low price per door. Adjacent Downtown Los Angeles and within 2 miles of USC- 3 story walkup center corridor, newly painted, professionally managed. Low rents, great upside- Good paying tenants who care about the building. New LED installation and waterproofing in attic. Qualifies for free tankless water heater program through So Cal Gas and DWP. Located in a transitioning neighborhood with busy ongoing neighboring businesses on a wide street. Well configured with street parking. Showings only on approved offer. Drive by Only. Please do not disturb tenants.
    Exterior Features

    Parking Features On Street

    Interior Features

    Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 344397 Laundry Features See Remarks Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 182627 Senior Community YN No Special Listing Conditions Standard Zoning Lam1

    Listing provided courtesy of Stephen F. Watson of Keller Williams Downtown La and Michael R. Fukushima of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-17T00:27:53.82. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
     
    Logo
    Realty Masters & Associates
    2900 Adams St #A-420
    Riverside CA, 92504