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$ 1,760,000
Est. payment /mo
Active
9823 S Main Street Los Angeles, CA 90003
4,664 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,664 sqft
Price per Sqft $377
MLS Listing ID CL25599939
HOA Y/N No
Year Built 1956
Lot Size 6,046 Sqft
Acres 0.14
Property Sub-Type Other
Property Description
MOTIVATED SELLER! BEST PRICED UNITS IN THE DIRECT AREA! Incredible opportunity to acquire a well-maintained 8-unit apartment building in the heart of South Los Angeles, offering significant upside in rental income. Each of the 8 units features 2 bedrooms and 1 bathroom, currently occupied by long-term tenants at below-market rents, presenting a clear path for future rental growth. Five of the units are Section 8, providing stable, government-backed rental income with room for approved increases. This asset is ideal for investors seeking immediate cash flow with value-add potential. With low maintenance requirements and competitive pricing, this property is poised for repositioning to enhance both cash flow and equity. Located in a high-demand rental area, just minutes from the 110 and 105 freeways, LAX, and major retail centers, parks, and entertainment venues. Tenants will appreciate the convenience, while investors will appreciate the upside. BEST PRICED in the direct area. This is a must see!
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 6053015013
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Listed by Carlos Villegas • eXp Realty of California Inc