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Image 1 - Main & 41st Place, South Main Street, Los Angeles, CA 90037, USA - Townhouse for sale

Image 2 - Main & 41st Place, South Main Street, Los Angeles, CA 90037, USA - Townhouse for sale

Image 3 - Main & 41st Place, South Main Street, Los Angeles, CA 90037, USA - Townhouse for sale

Image 4 - Main & 41st Place, South Main Street, Los Angeles, CA 90037, USA - Townhouse for sale

Image 5 - Main & 41st Place, South Main Street, Los Angeles, CA 90037, USA - Townhouse for sale

Image 6 - Main & 41st Place, South Main Street, Los Angeles, CA 90037, USA - Townhouse for sale

Residential Income

Main & 41st Place, South Main Street, Los Angeles, CA 90037, USA

Residential Income

townhouse for sale

35 views

Listed: 02/13/23

Main & 41st Place, South Main Street, Los Angeles, CA 90037, USA

Studio Bed:

1 Bath:

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Price

$ 1,08M

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About This Townhouse

*** Can be purchased individually or as a part of a 48-unit portfolio, contact LA1 for more information ** 4219 S.Main is a 7-unit mixed-use property operates at a 6.09% current CAP and features approx. 57% rental upside. This corner lot property, just north of W. Vernon Ave, features (5) 1-bdrm. units, (1) studio unit and (1) commercial unit that generate approx. $8, 400+ in gross monthly income. Please note, the (5) garden-style 1-bdrm. units are located on E. 49th St; and the commercial unit (Jim's Market) and studio unit (Ebenezer Cleaner) are located on S. Main St. Based on market rents for renovated units in the area, we believe a future investor could achieve approx. $13, 250+ in gross monthly income and operate the property at a 7.86% market CAP and 8.97 market GRM. The property amenities include on-site surface parking and a community laundry room.

Amenities

Take a stroll in your own garden Garden

Property Also Includes

Parking

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Historic South-Central Housing & Living

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.

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