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9823 S Main St
Los Angeles, CA 90003
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Great Rental Location.
- Desirable CAP Rate
- Updated unit
EXECUTIVE SUMMARY
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!
PROPERTY FACTS
| Price Per Unit | $220,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.60% | Lot Size | 0.14 AC |
| Gross Rent Multiplier | 10.3 | Building Size | 4,664 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | ||
| Zoning | R4 - Residential | ||
| Price Per Unit | $220,000 |
| Sale Type | Investment |
| Cap Rate | 7.60% |
| Gross Rent Multiplier | 10.3 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,664 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Zoning | R4 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
PROPERTY TAXES
| Parcel Number | 6053-015-013 | Improvements Assessment | $492,568 |
| Land Assessment | $391,588 | Total Assessment | $884,156 |
PROPERTY TAXES
Parcel Number
6053-015-013
Land Assessment
$391,588
Improvements Assessment
$492,568
Total Assessment
$884,156
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