7001 S Main Street, Los Angeles, CA 90003
- $3,525,000
- List Price
- $3,525,000
- Status
- ACTIVE
- MLS#
- TR26148256
- Year Built
- 1983
- Lot Size
- 8,621
- Acres
- 0.20
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 19
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
A 16-unit apartment building that was built in 1983 and not subject to rent control. The property features an attractive unit mix consisting of 6 one-bedroom units and 10 two-bedroom units. Amenities include 21 gated parking spaces and also offers the convenience of an on-site laundry facility, providing additional value for both residents and ownership. Ideally located approximately half a mile from the 110 Freeway, the property offers excellent connectivity to Downtown Los Angeles, USC, and major employment centers throughout the region. Residents enjoy convenient access to public transportation, shopping, dining, and neighborhood services. Nearby attractions include BMO Stadium, the Los Angeles Memorial Coliseum, and Arena, while educational institutions such as the University of Southern California and Los Angeles Trade-Technical College further enhance the area's appeal. The property's central location and strong accessibility support sustained rental demand and long-term investment potential. Exempt from local rent control regulations, the property offers investors the opportunity to capitalize on the current rental upside in a centrally located Los Angeles submarket supported by strong and diverse tenant demand.
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Additional Information
- Pool Description
- None
- Heat
- Natural Gas
- Exterior Construction
- Stucco
- Roof
- Flat, Tar/Gravel
- Garage Spaces Total
- 21
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 16
- Gross Scheduled Income
- $297,120
- Operating Expense
- 128736
Listing courtesy of Listing Agent: Jonathan Minerick (info@homecoin.com) from Listing Office: Homecoin.com.
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