Los Angeles, CA 90003 8418 S Main Street

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Presented By: Mert Malki with ARI Financial Inc; 949-887-9449
  • MLS# OC24050780
  • 03/13/2024
  • Request Tour
  • Request Info
  • BedBeds • 15
  • BathBaths • 11
  • FootageSQFT • 6,000
  • GarageGarage • 2

Home Details

Brand new 4-unit, 2 detached buildings! This is NOT subject to any rent control or affordable housing restrictions! What a great opportunity Two duplexes on one lot in one of the quickest growing neighborhoods in all of Los Angeles. The subject property is 6,514 square foot build (approximately 6,000 livable) a 43x126 lot (5,420 sq feet) with a 10-foot SIDE ALLEY zoned C2 that sits on the cross streets of 84th Place and Main St. . The four-unit is a mix of two 4-bedroom / 2.5 baths, one 4-bedroom / 4-bath with a large family room, one 3-bedroom / 3-bath, 6 open parking spots, and a tandem two-car garage. There are a total of 8 parking spots or 2 spots per unit. Option to increase your net operating by converting the garage into an ADU creating the 5th unit. Main Street is the main artery into all the development going in downtown and a quick drive to the new Clippers and Rams Stadium. The site is 5 miles away from the new Clippers arena and just 4 miles from the Rams NFL stadium. 5 miles from the coveted university of Southern California, and 1 Billion dollar improvement, the Lucas Museum. Comparable 4-unit builds in this area are selling upwards of 2.4 million.
Presented By: Mert Malki with ARI Financial Inc; 949-887-9449

Interior Features for 8418 S Main Street

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesElectricDryerHookup, GasDryerHookup
Street SuffixStreet
Total Stories1

Other Rooms

Entry Level1

General for 8418 S Main Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesCurbs
ContingencyNone
CoolingCentralAir
CountyLos Angeles
Days on Market1
DirectionsCross street 84th place
Entry Location1
Expected Active Date 2024-04-01
Garage Spaces2.0
Garage Y/NYes
Gross Income180000.0
HOA / Comm AssnNo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense2000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsItem1031Exchange
Lot Size Square Feet5414.0
MLS AreaC37 - Metropolitan South
MaintenanceExpense3700.0
MobileHomeRemainsYNNo
Net Operating Income174300.0
New ConstructionNo
Number of Units Leased0
Operating Expense5700.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameMain
Tax Lot122
Total Units4
Trash Expense0.0
View Y/NNo
Virtual TourClick here
Waterfront Y/NNo
Year Built2023
Year Built SourceEstimated
ZoningLAC2

Exterior for 8418 S Main Street

Building Area Total6000.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard
Lot Size Acres0.1243
Lot Size Area5414.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Open Parking Y/NNo
SpaNo
Total Parking2.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,200,000
MLS#OC24050780
List Date 03/13/2024
Property Type Multi-Family
Phone 714.964.3311
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Request Info
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