11813 S Main St, Los Angeles, CA 90061

Overview

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Property Type: Multifamily Quadruplex
Year Built: 1955
Total Units: 4

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The property at 11813 S Main St in Los Angeles presents a solid investment opportunity in the multifamily sector. Built in 1955, this quadruplex features four residential units with a combined living area of 2,552 square feet on a lot of approximately 3,685 square feet. Given its vintage, the structure showcases the durability of mid-20th-century construction, providing a blend of historical charm and functional design that appeals to renters looking for a unique living environment.

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With its compact lot size, this property is designed for efficient management, making it attractive to investors seeking rental properties that require minimal upkeep. The last sale of the property occurred on April 22, 2020, with a sale price of $600,000. This pricing reflects the property’s value in the Southeast Los Angeles market, which has shown resilience and demand for housing. The building’s design and layout offer flexibility for various tenant demographics, and its zoning designation as LAR4 provides future expansion opportunities.

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Neighborhood Overview

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Location: Southeast Los Angeles
Proximity: Close to Huntington Park and South Los Angeles

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Located in a revitalizing area of Los Angeles, this property enjoys the benefits of a strategic urban location. Southeast Los Angeles has been experiencing significant growth, spurred by new developments, improved transportation infrastructure, and increased local investment. Positioned just south of the downtown area, the neighborhood allows residents to experience the convenience of city life while being a short distance from quieter, community-focused areas. The proximity to downtown Los Angeles, Huntington Park, and other vibrant districts makes it appealing to tenants looking for a blend of urban accessibility and suburban comforts.

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Public transportation options in the area enhance the property’s appeal, especially for tenants who commute to work or school. Access to major bus lines and nearby freeway entrances provides seamless connectivity to greater Los Angeles, making daily commutes straightforward and time-efficient. For tenants prioritizing public transit, the property’s location makes it possible to enjoy car-free living with ease.

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Local Amenities

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The surrounding neighborhood provides a diverse range of amenities. Within a few miles, tenants can find shopping centers, grocery stores, healthcare facilities, and a variety of dining options. This part of Los Angeles also boasts several parks and recreational areas, allowing residents to enjoy outdoor activities. These features create a balanced lifestyle, appealing to a wide range of tenants, from young professionals to small families.

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Investment Highlights

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• Steady Rental Income: With its four-unit layout, this property offers a reliable income stream. Given the rental market trends in Southeast Los Angeles, there is also potential for rent increases, especially with targeted upgrades.
• Value-Add Potential: Zoned as LAR4, the property has the potential for additional development, subject to local regulations. This zoning allows for flexibility in property use, making it an attractive choice for investors looking to expand their portfolios with properties that offer long-term growth opportunities.
• Efficient Management: The property is likely separately metered for utilities, which reduces operating costs and provides a streamlined billing process. This arrangement is particularly appealing to tenants who prefer to manage their own utility usage, while also simplifying management for owners.

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Property Features

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Constructed in 1955, the building features traditional wood framing and a likely stucco exterior, ensuring both durability and ease of maintenance. Its mid-century design offers character while providing an opportunity for investors to modernize units to attract a broader tenant base. The property’s foundation and structure make it ideal for targeted renovations that could enhance its appeal, increase tenant retention, and potentially raise rental rates.

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl