Six-Unit Mixed-Use
4501 S Main St, Los Angeles, CA 90037
For Sale
$1,099,999
Corner configuration combines a ground-floor retail market with apartments, studios, and a detached residence.
Property Size4,395 SF
Days on Market49
Property Features for 4501 S Main St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Corner Location
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Legaspi Commercial
Listed By:
Gil Legaspi · License #01265976
(562) 305-0788
Source:
Truthrealty
Added: Sep 21
Changed: Nov 5
Last Checked: Nov 6 at 5:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Legaspi Commercial
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Investment Insights
Based on property information with market context.
Built in 1908, this mixed-use property contains six units arranged across several distinct components. The Main Street frontage includes a ground-floor retail market with two residential apartments above: one two-bedroom, two-bath unit and one one-bedroom, one-bath unit.
The 45th Street side adds a duplex with two bachelor studio units, while a detached three-bedroom, one-bath single-family residence completes the property. Positioned at the southwest corner of Main Street and 45th Street in Los Angeles, the asset combines commercial and residential space within one corner parcel.
The 45th Street side adds a duplex with two bachelor studio units, while a detached three-bedroom, one-bath single-family residence completes the property. Positioned at the southwest corner of Main Street and 45th Street in Los Angeles, the asset combines commercial and residential space within one corner parcel.
Key Highlights
- Six total units across retail and residential components
- Ground‑floor retail market fronting Main Street
- Two apartments above the market: 2‑bedroom, 2‑bath and 1‑bedroom, 1‑bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,999
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,779,980
$1.8M
Cap Rate 7%
$1,271,414
$1.3M
Cap Rate 9%
$988,878
$988.9K
Market Conditions
NOI Build-Up for 4,395 SF
Gross rent
$158.2K $36.00/SF
− Vacancy
−$15.8K −$3.60/SF
EGI
$142.4K $32.40/SF
− OpEx
−$53.4K −$12.15/SF
NOI
$89.0K $20.25/SF
Area
ZIP 90037
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,779,980
Cap Rate 7%
$1,271,414
Cap Rate 9%
$988,878
Alternative Uses
Best Use
Retail
$1.53M
$1.34M – $1.79M
NOI $107,346 @ 7.0% cap · market cap 9.76%
Second Best
Mixed Use
$1.27M
$1.11M – $1.48M
NOI $88,999 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,548 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,548
Businesses Nearby
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Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Los Angeles, CA
Properties on Market for Mixed-use properties in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner configuration combines a ground-floor retail market with apartments, studios, and a detached residence.
Where is this mixed-use property located?
The property is located at 4501 S Main St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,099,999.
What are key features of this property?
This property features: Six total units across retail and residential components; Ground‑floor retail market fronting Main Street; Two apartments above the market: 2‑bedroom, 2‑bath and 1‑bedroom, 1‑bath
