3212 South Main Street

Los Angeles, CA 90007

$3,450,000
Price
6
Beds
27
Baths
15,270 Sq. Ft.
$226 / Sq. Ft.
15,270
Sq. Ft.
$226
per Sq. Ft.

Description

Bread and butter investment for a savvy investor. The building is comprised of 27 units with 21 studio units and 6 one bedroom units. The property was built in 1912 on a 6,497 Sq. Ft. lot zoned LAM1. The building is three stories and is about 15,270 Sq. Ft. The property is nestled in a dense and desirable rental market with major job centers nearby such as, Downtown Los Angeles, University of Southern California, and the warehouse industrial center just South East of Downtown. Do not miss out on...Bread and butter investment for a savvy investor. The building is comprised of 27 units with 21 studio units and 6 one bedroom units. The property was built in 1912 on a 6,497 Sq. Ft. lot zoned LAM1. The building is three stories and is about 15,270 Sq. Ft. The property is nestled in a dense and desirable rental market with major job centers nearby such as, Downtown Los Angeles, University of Southern California, and the warehouse industrial center just South East of Downtown. Do not miss out on this opportunity!
  1. Listed by Michael R. Fukushima • DRE #01380445 • Brokerage DRE #01364089 • Keller Williams Downtown LA
  2. Listed by Stephen F. Watson • DRE #01187813 • Brokerage DRE #01364089 • Keller Williams Downtown LA

Property Details for 3212 South Main Street

Zoning
LAM1
Cross Streets
East 32nd St.
Parcel Number
5120003003
Total Units
27.0
Living Area
15270
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
0

Location

Listing Courtesy of Keller Williams Downtown LA, Michael R. Fukushima, DRE #01380445; Keller Williams Downtown LA, Stephen F. Watson, DRE #01187813
Add your commute
LISTING UPDATED: 04/25/2024 04:43 PM

Property Details for 3212 South Main Street

StatusActive
MLS #24-355143
Days on Market89
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1912
Lot Size0.15 AC / 6,497 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Downtown LA, Michael R. Fukushima, DRE #01380445; Keller Williams Downtown LA, Stephen F. Watson, DRE #01187813
Add your commute

Building Information for 3212 South Main Street

Stories3Residences-Year Built1912Building Size-Lot Size0.15 AC / 6,497 SF

Payment Calculator

$20,333 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,828

Property Taxes

$1,505

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3212 South Main Street

Community / Development
Community / Development
  • Number Of Units: 27
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Residential
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $377,392
  • Net Operating Income: $197,810.00
  • Gross Income: $374,392
  • Cap Rate: 5.70%
  • Gross Rent Multiplier: $9.14
  • Owner Pays: Electricity, Gas, Water
  • Total Annual Expense: 179583
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1492
  • Lot Size Square Feet: 6497
  • Lot Size Dimensions: 50x140
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Multi/Split, Three Or More
  • Cooling: None
  • Cooling Type: None
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-05-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,090.00
  • Unit Actual Rent: $22,890.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 21
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,386.00
  • Unit Actual Rent: $8,316.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,085,830.00
  • Assessed Improvement Percent: 82.11
  • Assessed Land Value: $236,645.00
  • Assessed Land Percent: 17.89
  • Assessed Total Value: $1,322,475.00

Property History for 3212 South Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3212 South Main Street

Taxable ValueLand$236,645Additions$1,090,612Total$1,327,257
Tax Record2023$18,058 ($1,505 / month)
Home Facts
Total Finished SqFt15,270 SqFtAbove Grade Finished SqFt15,270 SqFtLot Size6,497 SqFtStyleMulti-Family Res (5+ Units)Year Built1912ZoningLAM1CountyLOS ANGELESAPN5120-003-003

Schools near 3212 South Main Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Dolores Huerta Elementary School
PublicK to 5

William Jefferson Clinton Middle School
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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3212 South Main Street is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on February 5, 2024 by Keller Williams Downtown LA, it's currently listed at $3,450,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Dolores Huerta Elementary School, William Jefferson Clinton Middle School and Thomas Jefferson Senior High School. 3212 South Main Street is a 6-bed, 27-bath, 15,270 sqft multi-family home built in 1912.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Downtown LA, Michael R. Fukushima, DRE #01380445; Keller Williams Downtown LA, Stephen F. Watson, DRE #01187813

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.