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8445 S Main St, Los Angeles, CA 90003
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8445 S Main St Los Angeles, CA 90003

$600,000 Sold Price as of 10/13/2020
  • 6 Beds
  • 4 Baths
  • -- Sq.Ft.
Sold
$600,000 Sold Price as of 10/13/2020 Refinance Your Mortgage
Map preview of 8445 S Main St, Los Angeles, CA 90003

Property Overview: 8445 S Main St Los Angeles, CA has 6 bedrooms, 4 bathrooms, -- living square feet and 5,124 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: -Fourplex Located 4 Miles from SoFi Stadium, Hollywood Park Tomorrow, and The Forum -Priced at $148,750 Per Unit and $247 Per Square Foot -Qualifies for Residential Financing -5.78% Current Cap Rate & 11.30 Current GRM -9.19% Pro-Forma Cap Rate & 8.04 Pro-Forma GRM -41% in Rental Upside -Individual Hot Water Heaters -Units Upgraded with Newer Cabinets, Vanities, Granite Countertops, & Tile Flooring -Roof Replaced Four Years Ago & Building Contains Partial Copper Plumbing -Minimal Common Area and Utility Expenses

Listed by Jonathan Nikfarjam | BRE #01856803 | Shield CRE, Inc.
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
5,124
HOA Dues
$0/mo
Year built
1914
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20612916
City
Los Angeles
County
Los Angeles
Time on Site
1221 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,330
  • Total Rent: $1,330
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,412
  • Total Rent: $1,412
  • Pro Forma/Market Rent: $1,425
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $850
  • Total Rent: $850
  • Pro Forma/Market Rent: $1,425
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $795
  • Total Rent: $795
  • Pro Forma/Market Rent: $1,425
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11.3
  • Gross Scheduled Income: --
  • Net Operating Income: $34,380
  • Gross Operating Income: $50,011
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 8445 S Main St

Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Street
Lot Information
  • Lot Size Source: Estimated
Property Information
  • Total # of Units: 4
  • Parcel Number: 6040007032
Location / Neighborhood
Location Information
  • Directions: North of Manchester Avenue, East of 110 Freeway
View more facts & features

Local Los Angeles Agent

Sale History for 8445 S Main St

Last sold for $600,000 on October 13th, 2020

  • October, 2020

  • Oct 13, 2020

    Date

    Sold

    CRMLS: 20612916

    $600,000

    Price

  • Aug 9, 2020

    Date

    Active Under Contract

    CRMLS: 20612916

    $595,000

    Price

  • Aug 3, 2020

    Date

    Active

    CRMLS: 20612916

    $595,000

    Price

  • October, 2020

  • Oct 13, 2020

    Date

    Sold (Public Records)

    Public Records

    $600,000

    Price

  • March, 2011

  • Mar 4, 2011

    Date

    Sold (Public Records)

    Public Records

    $278,000

    Price

Show More

Tax History for 8445 S Main St

Assessed Value (2020): $325,662
Year Land Value Improved Value Assessed Value
2020 $179,231 $146,431 $325,662

Home Value Compared to the Market

This property vs the competition

8445 S Main St sold on October 13, 2020 for 50% lower than the current median sold price for the city of Los Angeles which is $1,190,000.

About 8445 S Main St

Detailed summary of property

8445 S Main St is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered 6 bedrooms, 4 bathrooms, roughly -- living square feet, and sits on an approximately 5,124 square foot lot. 8445 S Main St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $600,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 50% lower than the current median priced home. Local homes that are currently for sale include 9712-1 S San Pedro St, 901 W 83rd St and 859 E 82nd St. While the average home in Los Angeles, CA is selling in 92 days, 8445 S Main St has a days on market of 6 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 8445 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 8445 S Main St

Public county record property details
Beds
5
Baths
4
Year built
1914
Sq. Ft.
2,410
Lot Size
5,124
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
27
APN
6040-007-032

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
$598,000
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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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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