Investment Overview

Marcus and Millichap is pleased to present a two (2) unit apartment building located in Los Angeles, California. The subject properties is in a solid South Los Angeles location, south of E Vernon Avenue and west of S Main Street. South LA is a large region of Los Angeles made up of the neighborhoods south of Downtown L.A. This area is multi-culturally and economically diverse and offers residents a dense suburban feel in a historic market of Los Angeles. Residents can take advantage of the area’s many food and entertainment spaces within walking distance of the subject properties. The more noteworthy news for the area is the great revitalization plan for South L.A. For the first time in decades, major development projects are underway in South L.A. Most prominently, an incredible state of the art NFL stadium just opened in Inglewood-- and it will be surrounded by a planned community made up of thousands of new homes. But the development wave doesn’t stop there. New restaurants, grocery stores, and shops are in the pipeline for neighborhoods from West Adams to Watts. The county and Metro are teaming up to find a developer to build 492 residential units, a grocery store, theater, and locally owned restaurants located at 3606 West Exposition Boulevard. The Lucas Museum of Narrative Art, South L.A. Wetlands Park, Hollywood Park, Clipper’s Arena, and Magic Johnson Park are some more examples of developments currently underway. Built in 1930, this property contains a streamlined unit mix of one (1) detached one-bedroom / one-bathroom unit and one (1) detached two-bedroom / one-bathroom unit. The front house is oversized, approximately 1,200 SF (Buyer to verify). The gated and secure driveway leads to an open patio which ample space for fully parked on-site parking. There is an opportunity to build multiple ADU units in the back of the house. Tenants will appreciate living in a laid-back residential corridor adjacent to Downtown, only a short drive from USC campus. Outdoor recreation is available just down the street at the South Park Recreation Center. The subject property is adjacent to numerous new construction projects. 5752 S Main Street is proposed to feature 53-units, 5501-5513 S Main Street is under construction for 57-units, and 5000 S Main Street (a few doors down from the subject property) completed the construction of 59-units in 2016. Situated in a solid South Los Angeles location, this offering presents an excellent opportunity for any investor to capitalize on adding value and capturing great upside potential in a strong rental market adjacent to USC.