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Listed by Jonathan Minerick • Homecoin.com
$ 3,175,000
Est. payment /mo
Price Dropped by $350K
7001 South Main Street Los Angeles, CA 90003
8,460 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 8,460 sqft
Price per Sqft $375
MLS Listing ID TR-26148256
Year Built 1983
Lot Size 8,621 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
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 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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Laundry Common Area
Exterior
Garage Spaces 21.0
Pool None
Community Features Street Lights
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer