CA > Los Angeles
Los Angeles, CA 90003,8620 S Main ST
Los Angeles, CA 90003,8620 S Main ST
Los Angeles, CA 90003,8620 S Main ST
33
See all 33 photos
$850,000
Est. payment /mo
Save Video Tour
6 Beds
4 Baths
2,340 SqFt
New

8620 S Main ST Los Angeles, CA 90003

Save Video Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sat
5
Apr
Sun
6
Apr
Mon
7
Apr
Nathan King Real Estate Group

Nathan King Real Estate Group

Nathan King Real Estate Group

+1(559) 396-0000

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,340 sqft

Price per Sqft $363

MLS Listing ID 25515771

Bedrooms 6

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 2004

Lot Size 2,752 Sqft

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 C37 - Metropolitan South

Zoning LAC2

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Range, Dryer, Washer

Laundry Laundry Closet

Exterior

Parking Features Driveway

Pool None

Community Features Gated

View Y/N No

View None

Roof Type Composition,Shingle

Porch Porch

Total Parking Spaces 4

Private Pool No

Building

Faces West

Story 2

Entry Level Two,Multi/Split

Foundation Slab

Sewer Other

Level or Stories Two, Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 6041001026

Security Features Gated Community

Acceptable Financing Cash, Conventional, FHA, Fannie Mae

Listing Terms Cash, Conventional, FHA, Fannie Mae

Financing Cash,Conventional,FHA

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Joel Daniel Rangel • Coldwell Banker Realty

Get More Information

agent

Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

Name
Phone*
Message

By checking this box, I agree by electronic signature to (1) the Electronic Disclosure Consent; (2) receive recurring marketing communication from or on behalf of Nathan King Real Estate Group, including auto-dialed calls, texts, and prerecorded messages (consent not required to make a purchase; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for help); and (3) the Terms of Service and Privacy Policy of this website. I understand that I can call +1(559) 396-0000 to obtain direct assistance.

Quick Search