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16-Unit Apartment Building
For Sale
$3,175,000

7001 S Main ST, Los Angeles, CA 90003

Built in 1983, the 16-unit apartment building offers gated parking and on-site laundry.

Property Size8,460 SF
Days on Market61

Property Features for 7001 S Main ST

General Information

Standard status Active
Size 8,460 SF
Total Parking Spaces 21
Property subtype Apartment

Additional Details

Highway Access Yes
Multifamily Units 16

Building Details

Building Size 8,460 SF
Year Built 1983
Tenancy Multi
Listing Agency: Homecoin.com
Listed By: Jonathan Minerick · License #10311209448
Source: Milsteinestates
Added: Jul 8 Changed: Sep 4 Last Checked: Sep 5 at 4:44AM

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 Homecoin.com

Investment Insights

Based on property information with market context.

This 16-unit apartment building was built in 1983 and is not subject to local rent control. The unit mix includes 6 one-bedroom units and 10 two-bedroom units, supported by 21 gated parking spaces for residents. An on-site laundry facility adds day-to-day convenience.

The property is located approximately half a mile from the 110 Freeway, providing connectivity to Downtown Los Angeles, USC, and major employment centers. Residents also have access to public transportation, shopping, dining, and neighborhood services.

With its central location and exempt status from local rent control regulations, the property is positioned to support sustained rental demand and long-term investment interest in a centrally located Los Angeles submarket.

Key Highlights

  • 16‑unit apartment building built in 1983, not subject to rent control
  • Unit mix: 6 one‑bedroom units and 10 two‑bedroom units
  • 21 gated parking spaces for residents

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Gym & Fitness Center Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,391
Businesses Nearby

Demographics for 90003, CA

72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Built in 1983, the 16-unit apartment building offers gated parking and on-site laundry.
Where is this apartment building located?
The property is located at 7001 S Main ST Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,175,000.
What are key features of this property?
This property features: 16‑unit apartment building built in 1983, not subject to rent control; Unit mix: 6 one‑bedroom units and 10 two‑bedroom units; 21 gated parking spaces for residents
More about this property
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