11813 Main St Los Angeles, CA 90061

Property Details for 11813 Main St

Year built

1955

Property size

2,552 SF

Property type

Commercial real estate

APN

6087-016-018

Description

This exceptional investment opportunity presents a four-unit apartment building located at 11813 S Main St, Los Angeles, CA 90061, within the dynamic South Los Angeles submarket. The property, built in 1955, boasts a total of 2,552 square feet on a 3,685 square foot lot (APN: 6087-016-018) and is zoned LAR4. Currently listed at $725,000, this represents a price per unit of $181,250 and a price per square foot of $284. The property offers a compelling 7.39% cap rate and a pro-forma cap rate of 14.94%. Each of the four units is separately metered, simplifying management and enhancing operational efficiency. The property's strategic location provides convenient access to major transportation routes, local retail amenities, and essential services, contributing to strong rental demand and potential for future appreciation. This multifamily asset is ideally suited for investors seeking consistent cash flow and long-term portfolio growth within a revitalizing neighborhood. The property's durable construction and versatile unit configurations ensure low maintenance and broad tenant appeal, contributing to stable occupancy rates. This is a rare opportunity to acquire a well-positioned multifamily property in a rapidly developing area of Los Angeles.