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3212 S Main St, Los Angeles, CA 90007
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3212 S Main St Los Angeles, CA 90007

$3,450,000
  • 6 Beds
  • 27 Baths
  • 15,270 Sq.Ft.
For Sale
$3,450,000 Get Pre-Qualified
Map preview of 3212 S Main St, Los Angeles, CA 90007

Property Overview: 3212 S Main St Los Angeles, CA has 6 bedrooms, 27 bathrooms, 15,270 living square feet and 6,497 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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!

Listed by Michael R. Fukushima | BRE #01380445 | Keller Williams Downtown LA
Co-listed by Stephen F. Watson | BRE #01187813 | Keller Williams Downtown LA
Last checked: 1 minute ago | Last updated: April 25th, 2024 | Source CRMLS | DOM: 93
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Home details

Lot Sq. Ft
6,497
HOA Dues
$0/mo
Year built
1912
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24355143
City
Los Angeles
County
Los Angeles
Time on Site
95 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 27
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 21
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,090
  • Total Rent: $22,890
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,386
  • Total Rent: $8,316
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.7%
  • Gross Rent Multiplier: 9.14
  • Gross Scheduled Income: --
  • Net Operating Income: $197,810
  • Gross Operating Income: $377,392
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 3212 S Main St

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Property Details for 3212 S Main St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split, Three Or More
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 27
  • Parcel Number: 5120003003
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: From Downtown Los Angeles, head South on Main St. Property is on the East side of the street.
View more facts & features

Local Los Angeles Agent

Sale History for 3212 S Main St

Last sold on May 30th, 2003

  • February, 2024

  • Feb 5, 2024

    Date

    Active

    CRMLS: 24355143

    $3,600,000

    Price

  • July, 2021

  • Jul 9, 2021

    Date

    Active

    CRMLS: 21758760

    $3,700,000

    Price

  • Listing provided courtesy of CRMLS

    Huge Price Improvement! Excellent Investment Opportunity with great central location. No problem renting. 27 units - 6 large one plus ones and 21 good size singles. $3,700,000. 10.65 GRM and 5.1% CAP. Low price per door. Adjacent downtown Los Angeles and within 2 miles of USC. 3 story walk-up center corridor, newly painted, professionally managed. Low rents with solid upside. Good paying tenants who care about the building. New LED installation and waterproofing in attic. Qualifies for free tankless water heater program through SoCal Gas and DWP. Located in a transitioning neighborhood with busy ongoing neighboring businesses on a wide street. Well configured with street parking. Showings with approved offer. Drive by only, do not disturb tenants.

  • July, 2021

  • Jul 4, 2021

    Date

    Expired

    CRMLS: 21678754

    $3,785,000

    Price

  • May 8, 2021

    Date

    Price Change

    CRMLS: 21678754

    $3,785,000

    Price

  • Apr 8, 2021

    Date

    Active

    CRMLS: 21678754

    $3,850,000

    Price

  • Feb 26, 2021

    Date

    Active Under Contract

    CRMLS: 21678754

    $3,850,000

    Price

  • Jan 11, 2021

    Date

    Active

    CRMLS: 21678754

    $3,850,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent Investment Opportunity with Great Central Location. No problem renting. 27 units- 6 large one plus ones and 21 good size singles for $3,785,000 with 10.9 GRM and 4.8% cap. Low price per door. Adjacent Downtown Los Angeles and within 2 miles of USC- 3 story walkup center corridor, newly painted, professionally managed. Low rents, great upside- Good paying tenants who care about the building. New LED installation and waterproofing in attic. Qualifies for free tankless water heater program through So Cal Gas and DWP. Located in a transitioning neighborhood with busy ongoing neighboring businesses on a wide street. Well configured with street parking. Showings only on approved offer. Drive by Only. Please do not disturb tenants.

  • May, 2003

  • May 30, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 1997

  • Dec 24, 1997

    Date

    Sold (Public Records)

    Public Records

    $330,000

    Price

Show More

Tax History for 3212 S Main St

Assessed Value (2020): $1,262,872
Year Land Value Improved Value Assessed Value
2020 $225,124 $1,037,748 $1,262,872

Home Value Compared to the Market

This property vs the competition

3212 S Main St is listed 176.22% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $225.93 per/sqft which puts the price per square foot 70.81% lower than the median price per square foot for the city of Los Angeles.

About 3212 S Main St

Detailed summary of property

3212 S Main St is a multi family located in Los Angeles, CA 90007 and is currently for sale. This multi family property offers 6 bedrooms, 27 bathrooms, roughly 15,270 living square feet, and sits on an approximately 6,497 square foot lot. 3212 S Main St was first listed on ArdentRealEstateGroup.com on February 5, 2024. The homeowner is currently asking $3,450,000 and was originally asking $3,600,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 176.22% higher than the median priced home. Local competing homes currently for sale include 1144 Elden Ave, 1146 S Elden Ave and 1050 S Park View St. While the average home in Los Angeles, CA is selling in 93 days, 3212 S Main St has a days on market of 93 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 3212 S Main St Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3212 S Main St

Public county record property details
Beds
--
Baths
--
Year built
1912
Sq. Ft.
15,270
Lot Size
6,497
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
5120-003-003

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,999
Median List Price/Sq.Ft.
$616
Median Sold Price
$710,000
Median Sold Price/Sq.Ft.
$645
Total Inventory
13
Median Sale to List Price %
94.79%
Avg Days on Market
63
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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