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Listed by Jonathan Minerick, DRE #01523060 • Homecoin.com
$ 3,175,000
Est. payment /mo
Price Dropped by $350K
7001 S Main ST Los Angeles, CA 90003
8,621 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRTR26148256
Year Built 1983
Lot Size 8,621 Sqft
Source California Regional MLS
Property Description
A 16-unit apartment building that was built in 1983 and not subject to rent control. The property features an attractive unit mix consisting of 6 one-bedroom units and 10 two-bedroom units. Amenities include 21 gated parking spaces and also offers the convenience of an on-site laundry facility, providing additional value for both residents and ownership. Ideally located approximately half a mile from the 110 Freeway, the property offers excellent connectivity to Downtown Los Angeles, USC, and major employment centers throughout the region. Residents enjoy convenient access to public transportation, shopping, dining, and neighborhood services. Nearby attractions include BMO Stadium, the Los Angeles Memorial Coliseum, and Arena, while educational institutions such as the University of Southern California and Los Angeles Trade-Technical College further enhance the area's appeal. The property's central location and strong accessibility support sustained rental demand and long-term investment potential. Exempt from local rent control regulations, the property offers investors the opportunity to capitalize on the current rental upside in a centrally located Los Angeles submarket supported by strong and diverse tenant demand.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Heating Gas
Laundry Laundry Area
Exterior
Garage Spaces 21.0
Pool None
Roof Type Flat / Low Pitch
Building
Water District - Public
Others
Tax ID 6012010059
Special Listing Condition Not Applicable
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