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7814 S Main St, Los Angeles, CA 90003
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7814 S Main St Los Angeles, CA 90003

$780,000 Sold Price as of 04/01/2021
  • 6 Beds
  • 5 Baths
  • 2,712 Sq.Ft.
Sold
$780,000 Sold Price as of 04/01/2021 Refinance Your Mortgage
Map preview of 7814 S Main St, Los Angeles, CA 90003

Property Overview: 7814 S Main St Los Angeles, CA has 6 bedrooms, 5 bathrooms, 2,712 living square feet and 6,750 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present this (5) Unit Apartment Building in South Los Angeles. This offering sits on 6,750 SF of Land and represents an excellent Development Opportunity with its favorable LAC2 Zoning and Tier 1 TOC Density Bonus, allowing investors to build as many as 25 units on the lot. The building features a Unit Mix of (1) 2 Bed/1 Bath Unit and (4) 1 Bed/1 Bath Units. Its convenient layout offers each of its tenants (1) Assigned Parking space, enough room for comfortable ingress/egress, and an elongated driveway for additional guest parking. From a financial standpoint, this property represents an exceptional Value-Add opportunity with a Rent Upside of 63% based on Current-In Place Rents. Located near the 110 and 105 Freeways, the building offers easy access to all areas in and out of Los Angeles and the vast employment opportunities therein. Most importantly, the property is located within 5 miles to the bustling development and employment hub of Downtown LA. Downtown is already responsible for nearly 500,000 jobs and, with new projects continuing to break ground, this submarket will continue to be one of its main beneficiaries.

Listed by Evelyn Baez Gonzalez | BRE #02103055 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Joshua Barut | BRE #01971720 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
6,750
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB21040155
City
Los Angeles
County
Los Angeles
Time on Site
1310 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $1,150
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $700
  • Total Rent: $700
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $890
  • Total Rent: $890
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $1,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $54,840
  • Net Operating Income: $33,867
  • Gross Operating Income: $52,098
  • Vacancy Allowance: $2,742
Annual Expense Breakdown
  • Total Operating Expense: $18,231
  • New Taxes: $9,159
  • Trash: $900
  • Insurance: $1,085
  • Professional Management: $2,742
  • Water/Sewer: $2,700

Property Details for 7814 S Main St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 6022008004
  • Year Built Source: Assessor
  • Property is Attached
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: None
  • Water Source: Public
  • Utilities: None
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: S Main St / E 79th St
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 7814 S Main St

Last sold for $780,000 on April 1st, 2021

  • April, 2021

  • Apr 6, 2021

    Date

    Sold

    CRMLS: SB21040155

    $780,000

    Price

  • Mar 22, 2021

    Date

    Active Under Contract

    CRMLS: SB21040155

    $780,000

    Price

  • Feb 26, 2021

    Date

    Active

    CRMLS: SB21040155

    $780,000

    Price

Tax History for 7814 S Main St

Assessed Value (2020): $183,528
Year Land Value Improved Value Assessed Value
2020 $106,259 $77,269 $183,528

Home Value Compared to the Market

This property vs the competition

7814 S Main St sold on April 1, 2021 for 30.36% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $287.61 per/sqft which puts the price per square foot 60.27% lower than the current median sale per square foot for the city of Los Angeles.

About 7814 S Main St

Detailed summary of property

7814 S Main St is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered 6 bedrooms, 5 bathrooms, roughly 2,712 living square feet, and sits on an approximately 6,750 square foot lot. 7814 S Main St was first listed on ArdentRealEstateGroup.com on February 26, 2021. The homeowner sold the property for $780,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 30.36% lower than the current median priced home. Local homes that are currently for sale include 6828 S San Pedro St, 8115 S Figueroa St and 243 E 68th St. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 7814 S Main St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 7814 S Main St

Public county record property details
Beds
--
Baths
--
Year built
1927
Sq. Ft.
2,712
Lot Size
6,750
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
6022-008-004

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,000
Median List Price/Sq.Ft.
$562
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$535
Total Inventory
49
Median Sale to List Price %
103%
Avg Days on Market
31
Loan Type
Conventional (41.67%), FHA (16.67%), VA (0%), Cash (16.67%), Other (25%)

Thinking of Selling?

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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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