4219 S Main Street, Los Angeles, CA 90037
Property
Sold January 2023
Listing Agent: Max Berger (DRE #02054048) · Listing Office: Compass · Contact: 310-230-5478 · Bought with: Max Berger · Compass · MLS #22201081 · Source: CRMLS
About this property
*** Can be purchased individually or as a part of a 48-unit portfolio, contact LA1 for more information ** 4219 S. Main is a 7-unit mixed-use property operates at a 6.09% current CAP and features approx. 57% rental upside. This corner lot property, just north of W. Vernon Ave, features (5) 1-bdrm. units, (1) studio unit and (1) commercial unit that generate approx. $8,400+ in gross monthly income. Please note, the (5) garden-style 1-bdrm. units are located on E. 49th St; and the commercial unit (Jim's Market) and studio unit (Ebenezer Cleaner) are located on S. Main St. Based on market rents for renovated units in the area, we believe a future investor could achieve approx. $13,250+ in gross monthly income and operate the property at a 11.32% market CAP and 6.74 market GRM. The property amenities include on-site surface parking and a community laundry room. Located two blocks east of the 110 Freeway and 4 blocks south of W. Martin Luther King Jr Blvd, the subject property is 1 mile from University of Southern California, LA Memorial Coliseum and the Banc of California Stadium.
Listing description from the January 2023 sale, as reported to CRMLS.
Sale history