8620 S Main St Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90003
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,340 sqft
Price per Sqft $363
MLS Listing ID 25515771
Style Contemporary Mediterranean
Bedrooms 6
Construction Status Updated/Remodeled
Year Built 2004
Lot Size 2,751 Sqft
Acres 0.0631
Property Sub-Type Multi-Family
Property Description
Rare duplex opportunity, with one vacant unit, substantial rental income, and no rent control.* The bottom unit will be delivered vacant, which is rare. Vacating a unit in LA can be nearly impossible, due to rent control laws and just-cause evictions. The potential monthly rent for the bottom unit is about $3,600. The upstairs unit will be delivered tenant-occupied with an approximate rent of $3,361. Total potential monthly rent for both units: $6,961. Rent exceeds mortgage payment by almost $2K, with 25% down.* The Gross Rent Multiplier is 10.2, significantly lower than the area average of about 16 (lower means more money). Both units have in-unit washer & dryer hookups and parking for two cars each. The bottom unit (in pictures) was partially remodeled, with brand-new floors, vanities, paint, lighting, and more. The top unit's finishes remain standard, not remodeled. Maintenance is low due to limited common area, good unit separation, newer construction, and newer building codes with safer materials. There are separate electrical and gas meters. Each unit has two parking spots, tandem. Duplex next door, 8624 Main St. "may" also be available for sale (off-market). Same owner as subject property. Buy both for a complete fourplex. *Prospective buyers are advised to verify all information, including financing terms and the non-rent control (RSO) status of the property. The property is sold as-is. Some photos are virtually staged.
Location
State CA
County Los Angeles
Area Metropolitan South
Zoning LAC2
Rooms
Other Rooms None
Dining Room 0
Kitchen Remodeled
Interior
Interior Features Drywall Walls
Heating Wall
Cooling None
Equipment Dryer, Washer, Range/Oven
Laundry In Closet
Exterior
Parking Features Driveway
Garage Spaces 4.0
Pool None
View Y/N No
View None
Roof Type Composition, Shingle
Building
Story 2
Foundation Slab
Sewer In Street
Water Public
Architectural Style Contemporary Mediterranean
Level or Stories Two, Multi/Split
Structure Type Stucco
Construction Status Updated/Remodeled
Others
Special Listing Condition Standard
Virtual Tour https://www.zillow.com/view-imx/4193ca51-39cd-4a32-a243-229157b5353e?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard