Price Reduction
Address
3212 S Main Street Los Angeles, CA
Price
$ 3,785,000
Property Attributes
  • MLS#21678754
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90007
  • Style
  • Price$ 3,785,000
  • Bedrooms6
  • Full Bathrooms27
  • Half Bathrooms0
  • Lot Size6,497 SqFt
Listing Provided Courtesy Of:
Stephen F. Watson with Keller Williams Downtown LA.
Data Source:
CRMLS
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 $3,785,000 with 10.9 GRM and 4.8% cap. 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.

Price History
1/11/2021 Listed $3,850,000
5/8/2021 2% - $3,785,000

General Features

Co-Listing Agent State License # 01380445
Heating Wall Furnace
Listing Agent Stephen F. Watson - BRE#01187813
Listing Agent State License 01187813
MLS Area C42 - Downtown L.A.
Parking Features On Street
Property Type Residential Income
Total Units 27
Zoning LAM1

Interior Features

Heating Y/N Yes
Laundry Features See Remarks

Exterior Features

Lot Dimensions 50x140
Lot Size Acres 0.14
Lot Size Area 6497
Lot Size Square Feet 6497
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90007

Price
AVG $2.03M
$3.79M
Visits
AVG 22
113
Year Built
AVG 1925
1912
Walkscore
AVG 86
84
Data Provided by Walkscore ® not using MLS data

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