Closed | 5 Unit Apartment Building in South LA
Evelyn Baez & Josh Barut of Lyon Stahl Investment Real Estate are pleased to have closed 7814 S Main St.
This property sold for $780,000.
This offering sits on 6,750 SF of Land and represents an excellent Development Opportunity with its favorable LAC2 Zoning and Tier 1 TOC Density Bonus, allowing investors to build as many as 25 units on the lot.
The building features a Unit Mix of (1) 2 Bed/1 Bath Unit and (4) 1 Bed/1 Bath Units.
From a financial standpoint, this property represents an exceptional Value-Add opportunity with a Rent Upside of 63% based on Current-In Place Rents.
Its convenient layout offers each of its tenants (1) Assigned Parking space, enough room for comfortable ingress/egress, and an elongated driveway for additional guest parking.
Located near the 110 and 105 Freeways, the building offers easy access to all areas in and out of Los Angeles and the vast employment opportunities therein.
For more information, contact
Evelyn Baez: [email protected]
Josh Barut: [email protected]