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7001-7005 S Main St 16 Unit Apartment Building $3,525,000 ($220,313/Unit) 4.52% Cap Rate Los Angeles, CA 90003
Investment Highlights
- Low Rents
- Corner Building
- Good Unit Mix
- No Rent Control
- Gated Parking
- Strong Rental Demand Area
Executive Summary
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 Crypto.com 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.
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 Crypto.com 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.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$287,340
|
$22.27
|
| Other Income |
$9,780
|
$0.76
|
| Vacancy Loss |
$8,914
|
$0.69
|
| Effective Gross Income |
$288,206
|
$22.34
|
| Taxes |
$40,185
|
$3.12
|
| Operating Expenses |
$88,551
|
$6.86
|
| Total Expenses |
$128,736
|
$9.98
|
| Net Operating Income |
$159,470
|
$12.36
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $287,340 |
| Annual Per SF | $22.27 |
| Other Income | |
|---|---|
| Annual | $9,780 |
| Annual Per SF | $0.76 |
| Vacancy Loss | |
|---|---|
| Annual | $8,914 |
| Annual Per SF | $0.69 |
| Effective Gross Income | |
|---|---|
| Annual | $288,206 |
| Annual Per SF | $22.34 |
| Taxes | |
|---|---|
| Annual | $40,185 |
| Annual Per SF | $3.12 |
| Operating Expenses | |
|---|---|
| Annual | $88,551 |
| Annual Per SF | $6.86 |
| Total Expenses | |
|---|---|
| Annual | $128,736 |
| Annual Per SF | $9.98 |
| Net Operating Income | |
|---|---|
| Annual | $159,470 |
| Annual Per SF | $12.36 |
Property Facts
| Price | $3,525,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $220,313 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.52% | Building Size | 8,460 SF |
| Gross Rent Multiplier | 11.86 | No. Stories | 3 |
| No. Units | 16 | Year Built | 1983 |
| Property Type | Multifamily | Parking Ratio | 2.48/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | C2, Los Angeles | ||
| Price | $3,525,000 |
| Price Per Unit | $220,313 |
| Sale Type | Investment |
| Cap Rate | 4.52% |
| Gross Rent Multiplier | 11.86 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 8,460 SF |
| No. Stories | 3 |
| Year Built | 1983 |
| Parking Ratio | 2.48/1,000 SF |
| Zoning | C2, Los Angeles |
Amenities
- Smoke Detector
Unit Amenities
- Heating
- Tile Floors
- Kitchen
- Tub/Shower
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Gated
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,600 | 500 |
| 2+1 | 10 | $1,900 | 600 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 6012-010-059 | Total Assessment | $1,539,275 |
| Land Assessment | $369,423 | Annual Taxes | $40,185 ($4.75/SF) |
| Improvements Assessment | $1,169,852 | Tax Year | 2025 |
Property Taxes
Parcel Number
6012-010-059
Land Assessment
$369,423
Improvements Assessment
$1,169,852
Total Assessment
$1,539,275
Annual Taxes
$40,185 ($4.75/SF)
Tax Year
2025
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7001-7005 S Main St
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