$2,280,000
Pending

7662 S MAIN Street

Los Angeles, CA 90003
Courtesy of Marcus & Millichap
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Description

We are pleased to present the opportunity to acquire 7662-7674 South Main Street, a twelve-unit apartment building in the Florence neighborhood of Los Angeles. Built in 1956, the property consists of two six-unit structures over two separate parcels. The building sits on two lots totaling 10,194 square feet with 7,040 of rentable space and is comprised of all two-bedroom one-bathroom units. The property provides tenants with on-site, gated parking (12 spaces) and the electricity and gas are both individually metered. With over 59% upside in rental income, the property provides an astute investor a unique value-add opportunity,potential capital gain deferment and long-term cash flow. Located South of West Florence and East of South Broadway, the property is centrally and just a short drive to the 110 and 105 freeways. The property is also walking distance from many local retail shops, restaurants and the 77th street community police station providing a safe environment for the local community.
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  • Interior Details
    • Beds & Baths
      • Bathrooms:2
  • Property Details
    • Property
      • Stories:2
    • Measurements
      • Acres:0.234
  • Construction Details
    • Type & Style
      • Property type:Investment
    • Condition
      • Year built:1956
  • Community and Neighborhood Details
    • Location
      • County:Los Angeles
  • Financial Details
    • Pricing Details
      • Original List Price:$2, 280, 000
      • Selling Office Commission:2.000
  • Other
    • Source
      • MLS #:22171327

Location

Gina MogaReal Estate Group
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