*** Can be purchased individually or as a part of a 47-unit portfolio, contact LA1 for more information ** 4219 S. Main is a 7-unit mixed-use property featuring approx. 39% upside in rents and currently operates at a 3.76% Current CAP. This corner lot property, just north of W. Vernon Ave, features (5) 1-bdrm. units, (1) studio unit and (1) commercial unit that generate approx. $8,400+ in gross monthly income. Please note, the (5) garden-style 1-bdrm. units are located on E. 49th St; and the commercial unit (Jim's Market) and studio unit (Ebenezer Cleaner) are located on S. Main St. Based on market rents for renovated units in the area, we believe a future investor could achieve approx. $11,600+ in gross monthly income and operate the property at a 6.11% Pro-Forma CAP. The property amenities include on-site surface parking and a community laundry room.
Listing Agent: Max Berger Courtesy of: Compass Office phone: 310-230-5478 Based on information from CRISNet MLS all data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Updated: 1st October, 2022 8:16 AM (UTC)