Bread and butter investment for a savvy investor. The building is comprised of 27 units with 21 studio units and 6 one bedroom units. The property was built in 1912 on a 6, 497 Sq. Ft. lot zoned LAM1. The building is three stories and is about 15, 270 Sq. Ft. The property is nestled in a dense and desirable rental market with major job centers nearby such as, Downtown Los Angeles, University of Southern California, and the warehouse industrial center just South East of Downtown. Do not miss out on this opportunity!
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 27
- Full Bathrooms: 27
Heating and Cooling
- Heating Features: Natural Gas
Land Info
- Lot Size Acres: 0.1491506
- Lot Size Dimensions: 50x140
- Lot Size Source: Assessor
- Lot Size Square Feet: 6497
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 27
- Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 1500, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 1750
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Cross Street: East 32nd St.
- Cap Rate: 5.7
- Directions: From Downtown Los Angeles, head South on Main St. Property is on the East side of the street.
- Source Property Type: Residential Income
- Area: Downtown L.A.
- Source Neighborhood: Downtown L.A.
- Owner Pays: Electricity, Gas, Water
- Parcel Number: 5120-003-003
- Postal Code Plus 4: 4137
- Zoning: LAM1
- Source System Name: C2C
Commercial Info
- Net Operating Income: 197810
Building and Construction
- Total Square Feet Living: 15270
- Year Built: 1912
- Levels: Multi Levels, Three Or More Levels
- Living Area Source: Vendor Enhanced
- Property Age: 112
- Levels or Stories: 3
- Building Total Stories: 3
- Year Built Source: Vendor Enhanced