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4309 S Main St 20 Unit Apartment Building $2,750,000 ($137,500/Unit) 7.04% Cap Rate Los Angeles, CA 90037
Executive Summary
This charming 1920s-era asset offers a compelling combination of historic character, operational efficiency, and strong in-place cash flow. The property features an efficient 20-unit configuration comprised of eighteen studio/one-bath units and two one-bedroom/one-bath units, catering to broad renter demand. Residents benefit from secure entry and on-site laundry facilities, while the location is enhanced by Walk Score® ratings of Very Walkable and Very Bikeable. Positioned near the Exposition Park/USC district, the property enjoys excellent connectivity via the Metro E Line and convenient access to the I-110 Freeway, providing seamless access to Downtown Los Angeles and major employment centers throughout the region. Ownership has also completed several notable capital improvements, including upgrades to the electrical system, enhancements to portions of the plumbing infrastructure, and roof improvements with seal coating completed in recent years, helping to support the property's long-term operations and appeal.
Property Facts
| Price | $2,750,000 | Building Class | C |
| Price Per Unit | $137,500 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 9,408 SF |
| Cap Rate | 7.04% | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.5 | No. Stories | 2 |
| No. Units | 20 | Year Built | 1924 |
| Property Type | Multifamily | Parking Ratio | 0.11/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LAC2 | ||
| Price | $2,750,000 |
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| Cap Rate | 7.04% |
| Gross Rent Multiplier | 8.5 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 9,408 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 0.11/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAC2 |
Amenities
Unit Amenities
- Kitchen
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 18 | $1,695 | 450 |
| 1+1 | 2 | $1,171 | 600 |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5111-012-002 | Improvements Assessment | $1,115,517 |
| Land Assessment | $1,450,172 | Total Assessment | $2,565,689 |
Property Taxes
Parcel Number
5111-012-002
Land Assessment
$1,450,172
Improvements Assessment
$1,115,517
Total Assessment
$2,565,689
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