8431 S Main Street

    Los Angeles (City), CA 90003
    • $1,200,000
    • STATUS: Active
    • ON SITE: 209 days
    • ID#: DW19061450
    UPDATED: 78 min ago
    $1,200,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,795
      SQFT
    • $429
      $/SQFT
    Type:
    Multi-Family
    Built:
    1980
    County:

    School Ratings & Info

    Description

    $5,000 current monthly income.....Great investment to own commercial/residential property on corner lot with high traffic exposure. Huge rental upsides 4 current revenue avenues exist with high monthly intake. Separate gas and electric meters, large lot and separate entrances for residential unit which consists of 2 bedrooms 1 bath home with private yard, driveway and garage approximately 1200 sq. ft home. It can easily rent for $1,500 a month in its current condition. The corner tire repair business has two entrances high visibility and pays $2,500 per month and on a year to year lease. Built in 1980 lot size 7582 and living area is 2,795 sq ft. Centrally located to 110 and 105 freeways. There's also a billboard by Lamar Co. who leases the advertising space from the owner.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-14T23:32:26.113. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/92851423

    8431 S Main Street Los Angeles (City), CA 90003

    • Price: $1,200,000
    • Status: Active
    • Updated: 78 min ago
    • ID#: DW19061450
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,795
    SQFT
    $429
    $/SQFT
    1980
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    $5,000 current monthly income.....Great investment to own commercial/residential property on corner lot with high traffic exposure. Huge rental upsides 4 current revenue avenues exist with high monthly intake. Separate gas and electric meters, large lot and separate entrances for residential unit which consists of 2 bedrooms 1 bath home with private yard, driveway and garage approximately 1200 sq. ft home. It can easily rent for $1,500 a month in its current condition. The corner tire repair business has two entrances high visibility and pays $2,500 per month and on a year to year lease. Built in 1980 lot size 7582 and living area is 2,795 sq ft. Centrally located to 110 and 105 freeways. There's also a billboard by Lamar Co. who leases the advertising space from the owner.
    Exterior Features

    Garage Spaces 3.00 Lot Features 2-5 Units/AcreCorner LotCorners MarkedLawnLot 6500-9999Rectangular LotLevelNear Public TransitPark NearbyPatio HomeWalkstreetYard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 3.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 1400 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Individual RoomWasher Hookup Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalksStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 3500.00 Gross Scheduled Income 55000.00 Insurance Expense 750.00 Land Lease YN No Laundry YN Yes Net Operating Income 55000.00 New Construction YN No New Taxes Expense 27000.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 28820.00 Other Income1 500.00 Other Income2 500.00 Property Sub Type Commercial/Residential Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 28820.00 Trash Expense 420.00 Water Sewer Expense 650.00 Water Source Public Year Built Source Assessor Zoning Lac2

    Listing provided courtesy of David Moreno of Carlos F Maldonado


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-14T23:32:26.113. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
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