8418 South Main Street

Los Angeles, CA 90003

$2,200,000
Price
15
Beds
13
Baths
6,000 Sq. Ft.
$367 / Sq. Ft.
6,000
Sq. Ft.
$367
per Sq. Ft.

Description

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...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.
  1. Listed by Mert Malki • DRE #01741438 • Brokerage DRE #01868720 • ARI Financial Inc • 949-887-9449

Property Details for 8418 South Main Street

Parking Spaces Total
2
Private Pool
No
Cooling Type
Central Forced Air
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6000
Assessor Parcel Number
6030-013-028

Location

Listing Courtesy of ARI Financial Inc, Mert Malki, DRE #01741438
Add your commute
LISTING UPDATED: 04/01/2024 11:05 PM

Property Details for 8418 South Main Street

StatusActive
MLS #OC24050780
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2023
Lot Size0.12 AC / 5,414 SF
CountyLos Angeles County

Location

Listing Courtesy of ARI Financial Inc, Mert Malki, DRE #01741438
Add your commute

Building Information for 8418 South Main Street

Stories1Residences-Year Built2023Building Size-Lot Size0.12 AC / 5,414 SF

Payment Calculator

$12,738 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,006

Property Taxes

$732

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8418 South Main Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $180,000
  • Gross Scheduled Income: $180,000
  • Net Operating Income: $174,300
Expense Details
  • Operating Expense: $5,700
  • Insurance Expense: $2,000
  • Maintenance Expense: $3,700
  • Trash Expense: $0
  • Total Expenses: $5,700
Tax / Assessment Info
  • Tax Tract Number: 2397.0
  • Tax Census Tract: 2397.02
  • CFD/Mello-Roos Fee: $387
  • Tax Lot: 122
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Pro Forma: 3300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Pro Forma: 4100
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Pro Forma: 3800
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Pro Forma: 3800
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 0
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Property History for 8418 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 8418 South Main Street

Taxable ValueLand$640,000Additions$60,000Total$700,000
Tax Record2023$8,783 ($732 / month)
Home Facts
Total Finished SqFt480 SqFtAbove Grade Finished SqFt480 SqFtStories1Lot Size5,421 SqFtStyleOffice BuildingYear Built1952ZoningLAC2CountyLOS ANGELESAPN6030-013-028

Schools near 8418 South Main Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
South Park Elementary School
PublicK to 6

Mary Mcleod Bethune Middle School
Public7 to 8

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.

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8418 South Main Street is a multi-family home for sale in Los Angeles, CA 90003. This property was listed for sale on April 1, 2024 by ARI Financial Inc, it's currently listed at $2,200,000. It has been on the market for a total of 32 days and was last sold on September 23, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include South Park Elementary School, Mary Mcleod Bethune Middle School and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 8418 South Main Street is a 15-bed, 13-bath, 6,000 sqft multi-family home built in 2023.

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 ARI Financial Inc, Mert Malki, DRE #01741438

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.