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6500 S Main St, Los Angeles, CA, 90003

20beds
12baths
6,660sqft
$1,900,000
$285price/sqft
$13,331/moest. monthly cost
$533,240/yrincome needed

About This Home

2020 CONSTRUCTION! $285/SF WELL BELOW REPLACEMENT COST AND NOT SUBJECT TO ANY RENT CONTROL. The property features a great mix of units, including (2) 6 Bedroom- 3 Bath and (2) 4 Bedroom-3 Bath Units. With each unit measuring at an average of 1,665 Square Feet, the oversized units makes it attractive to a wide range of renters. With all four units delivered vacant, the next owner has the ability to lease the units at full market rents from day one. Based on market rents, the property has the potential to generate $19,000 per month in gross income, making it a strong opportunity for an investor seeking solid cash flow. The property could also be ideal for an owner-user looking to live in one of the units while collecting income from the other units to help offset their mortgage. The property is conveniently located in South Los Angeles with easy access to Downtown.

Getting Around

70
WalkingVery Walkable
65
TransitGood Transit
73
BikeVery Bikeable

Construction

Condition

  • Property condition: Repairs Major,Fixer
  • Year built: 2020

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Laundry features: In Unit

Bedrooms & Bathrooms

  • Bedrooms: 20
  • Bathrooms: 12

Heating & Cooling

  • Heating features: Central
  • Cooling features: Air Conditioning

Interior Area

  • Total structure area: 6,660
  • Total interior livable area: 6,660 sqft

Property

Details

  • Parcel number: 6011001064
  • Zoning: LAC2
  • Special condition: Standard
  • Other equipment: None

Features

  • Levels: Multi/Split,Two
  • Stories: 2
  • Entry location: Living Room
  • Pool features: None
  • Spa features: None
  • Waterfront features: None

Lot

  • Lot size: 6,899 sqft
  • Lot size dimensions: 55 x 130

Parking

  • Total spaces: 8
  • Parking features: Garage - 2 Car,Garage - 1 Car,Garage Is Attached,Open,Unassigned
  • Has garage: Yes
  • Attached garage spaces: 6
  • Covered spaces: 6
  • Has uncovered spaces: Yes
  • Uncovered spaces: 2