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Multifamily

7662-7674 S. Main St

7662 S Main St, Los Angeles, CA 90003

Listing Price: $2,280,000

Cap Rate
4.43%
Number of Units
12
Price/Unit
$190,000
Price/Gross SF
$323.86
Gross SF
7,040

Investment Overview

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.

Investment Highlights

  • Value-add Opportunity – 59%+ Upside in Rents
  • All Two-Bed/One-Bath units
  • Individually Metered for Gas and Electricity
  • Gated Entry and Gated On-site Parking (12 Spaces)
  • Two Separate Six-Unit Structures
  • Pro-Forma 8.63% CAP, 8.56 GRM

Exclusively Listed By

Financing By

Multifamily

7662-7674 S. Main St

Listing Price: $2,280,000

Cap Rate
4.43%
Number of Units
12
Price/Unit
$190,000
Price/Gross SF
$323.86
Gross SF
7,040

Investment Highlights

  • Value-add Opportunity – 59%+ Upside in Rents
  • All Two-Bed/One-Bath units
  • Individually Metered for Gas and Electricity
  • Gated Entry and Gated On-site Parking (12 Spaces)
  • Two Separate Six-Unit Structures
  • Pro-Forma 8.63% CAP, 8.56 GRM

Investment Overview

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.

Exclusively Listed By

Financing By

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