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8418 S Main St, Los Angeles, CA 90003
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8418 S Main St Los Angeles, CA 90003

$2,200,000
  • 15 Beds
  • 11.5 Baths
  • 6,000 Sq.Ft.
For Sale
$2,200,000 Get Pre-Qualified
Map preview of 8418 S Main St, Los Angeles, CA 90003

Property Overview: 8418 S Main St Los Angeles, CA has 15 bedrooms, 11.5 bathrooms, 6,000 living square feet and 5,414 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: Brand new 4-unit, 2 detached buildings! This is NOT subject to any rent control or affordable housing restrictions! What a great opportunity Two duplexes on one lot in one of the quickest growing neighborhoods in all of Los Angeles. The subject property is 6,514 square foot build (approximately 6,000 livable) a 43x126 lot (5,420 sq feet) with a 10-foot SIDE ALLEY zoned C2 that sits on the cross streets of 84th Place and Main St. . The four-unit is a mix of two 4-bedroom / 2.5 baths, one 4-bedroom / 4-bath with a large family room, one 3-bedroom / 3-bath, 6 open parking spots, and a tandem two-car garage. There are a total of 8 parking spots or 2 spots per unit. Option to increase your net operating by converting the garage into an ADU creating the 5th unit. Main Street is the main artery into all the development going in downtown and a quick drive to the new Clippers and Rams Stadium. The site is 5 miles away from the new Clippers arena and just 4 miles from the Rams NFL stadium. 5 miles from the coveted university of Southern California, and 1 Billion dollar improvement, the Lucas Museum. Comparable 4-unit builds in this area are selling upwards of 2.4 million.

Listed by Mert Malki | BRE #01741438 | ARI Financial Inc
Last checked: 3 minutes ago | Last updated: April 2nd, 2024 | Source CRMLS | DOM: 25
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Home details

Lot Sq. Ft
5,414
HOA Dues
$0/mo
Year built
2023
Garage
2 Car
Property Type:
Fourplex
Status
Active
MLS#
OC24050780
City
Los Angeles
County
Los Angeles
Time on Site
51 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 0
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $4,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $3,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $180,000
  • Net Operating Income: $174,300
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $5,700
  • Trash: $0
  • Insurance: $2,000
  • Maintenance: $3,700

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Property Details for 8418 S Main St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: Back Yard
  • Lot Size Source: Assessor
  • Common Interest: Condominium
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 6030013028
  • Year Built Source: Estimated
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross street 84th place
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Los Angeles Agent

Sale History for 8418 S Main St

Last sold for $375,000 on September 18th, 2020

  • April, 2024

  • Apr 1, 2024

    Date

    Active

    CRMLS: OC24050780

    $2,200,000

    Price

  • September, 2022

  • Sep 26, 2022

    Date

    Canceled

    CRMLS: OC22112747

    $789,000

    Price

  • May 26, 2022

    Date

    Active

    CRMLS: OC22112747

    $825,000

    Price

  • Listing provided courtesy of CRMLS

    This RTI project is a new 4-unit building! This build is not subject to any rent control or affordable housing restrictions! Two duplexes on one lot - start building the day you close escrow. What a great opportunity to build in one of the quickest growing neighborhoods in all of Los Angeles. The subject property is a 43x126 lot (5,420 sq feet) with a 10-foot SIDE ALLEY zoned C2 that sits on the cross streets of 84th Place and Main St. The plans call for a 6,514 square foot build (approximately 6,100 livable). The four-unit is a mix of two 4-bedroom / 2.5 baths, one 4-bedroom / 4-bath with a large family room, one 3-bedroom / 3-bath, 6 open parking spots, and a tandem two-car garage. There are a total of 8 parking spots or 2 spots per unit. Increase your net operating income after the build by converting the garage into an ADU creating the 5th unit. An alternative approach would be taking advantage of the existing commercial zoning (C2). By-right, the site allows for 14 units and if you were to take advantage of the tier 1 TOC zoning you can build up to 21 units. Gas, water, power, and sewer hookups are all available. Main Street is the main artery into all the development going in downtown and a quick drive to the new Clippers and Rams Stadium. The site is 5 miles away from the new Clippers arena and just 4 miles from the Rams NFL stadium. 5 miles from the coveted university of Southern California, and 1 Billion dollar improvement, the Lucas Museum. Comparable 4-unit builds in this area are selling upwards of 2.4 million. Please check the supplements for a copy of the floor plans and complete site profile which provides more information on the site along with demographic data.

  • September, 2022

  • Sep 26, 2022

    Date

    Canceled

    CRMLS: OC22112778

    $789,000

    Price

  • May 26, 2022

    Date

    Active

    CRMLS: OC22112778

    $825,000

    Price

  • Listing provided courtesy of CRMLS

    This RTI project is a new 4-unit building! This build is not subject to any rent control or affordable housing restrictions! Two duplexes on one lot - start building the day you close escrow. What a great opportunity to build in one of the quickest growing neighborhoods in all of Los Angeles. The subject property is a 43x126 lot (5,420 sq feet) with a 10-foot SIDE ALLEY zoned C2 that sits on the cross streets of 84th Place and Main St. The plans call for a 6,514 square foot build (approximately 6,100 livable). The four-unit is a mix of two 4-bedroom / 2.5 baths, one 4-bedroom / 4-bath with a large family room, one 3-bedroom / 3-bath, 6 open parking spots, and a tandem two-car garage. There are a total of 8 parking spots or 2 spots per unit. Increase your net operating income after the build by converting the garage into an ADU creating the 5th unit. An alternative approach would be taking advantage of the existing commercial zoning (C2). By-right, the site allows for 14 units and if you were to take advantage of the tier 1 TOC zoning you can build up to 21 units. Gas, water, power, and sewer hookups are all available. Main Street is the main artery into all the development going in downtown and a quick drive to the new Clippers and Rams Stadium. The site is 5 miles away from the new Clippers arena and just 4 miles from the Rams NFL stadium. 5 miles from the coveted university of Southern California, and 1 Billion dollar improvement, the Lucas Museum. Comparable 4-unit builds in this area are selling upwards of 2.4 million. Please check the supplements for a copy of the floor plans and complete site profile which provides more information on the site along with demographic data.

  • September, 2020

  • Sep 20, 2020

    Date

    Sold

    CRMLS: 20612744

    $375,000

    Price

  • Aug 16, 2020

    Date

    Pending

    CRMLS: 20612744

    $375,000

    Price

  • Aug 3, 2020

    Date

    Active

    CRMLS: 20612744

    $375,000

    Price

  • Listing provided courtesy of CRMLS

    Property was previously used for Ironwork Manufacturing. Property is currently vacant. The property consists of two buildings. The front structure is approximately 480sq ft and a larger structure in back. Previous fire damage. Property being sold in "as is" condition.

  • September, 2020

  • Sep 18, 2020

    Date

    Sold (Public Records)

    Public Records

    $375,000

    Price

  • March, 2011

  • Mar 31, 2011

    Date

    Sold (Public Records)

    Public Records

    $137,500

    Price

Show More

Tax History for 8418 S Main St

Assessed Value (2020): $160,486
Year Land Value Improved Value Assessed Value
2020 $141,745 $18,741 $160,486

Home Value Compared to the Market

This property vs the competition

8418 S Main St is listed 79.59% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $366.67 per/sqft which puts the price per square foot 52.63% lower than the median price per square foot for the city of Los Angeles.

About 8418 S Main St

Detailed summary of property

8418 S Main St is a fourplex located in Los Angeles, CA 90003 and is currently for sale. This fourplex offers 15 bedrooms, 11.5 bathrooms, roughly 6,000 living square feet, and sits on an approximately 5,414 square foot lot. 8418 S Main St was first listed on ArdentRealEstateGroup.com on March 13, 2024. The homeowner is currently asking $2,200,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 79.59% higher than the median priced home. Local competing homes currently for sale include 4529 S Vermont Ave, 4331 S Budlong Ave and 4436 Lima St. While the average home in Los Angeles, CA is selling in 96 days, 8418 S Main St has a days on market of 25 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 8418 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 8418 S Main St

Public county record property details
Beds
--
Baths
--
Year built
1952
Sq. Ft.
480
Lot Size
5,420
Stories
1
Type
Office Bldg (General)
Pool
No
Spa
No
County
Los Angeles
Lot#
122
APN
6030-013-028

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
$575,000
Median List Price/Sq.Ft.
$582
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
37
Median Sale to List Price %
100%
Avg Days on Market
66
Loan Type
Conventional (0%), FHA (66.67%), VA (0%), Cash (0%), Other (16.67%)

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Recently Sold Homes Near 8418 S Main St

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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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