4 months on rocket

4313 S Main St, Los Angeles, CA, 90037

$1,875,000

Home List Price

$10,000*

Closing Credit

9 Bedrooms
9 Baths
5,927 SqFt
$316/SqFt
House

Location

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4313 S Main St, Los Angeles$1,875,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingAssigned, Controlled Entrance
Year Built1962
HeatingCentral
MLS #24418789
Lot Size0.16 Acres
StatusActive

About 4313 S Main St

**2nd Price Reduction** 4313 S Main St presents a phenomenal value-add opportunity within South Los Angeles, near Exposition Park and the Coliseum. While some renovations have already been done to this beautiful property, tremendous value remains to be uncovered in continuing renovations and conversion from 1 to 2 bedrooms for the additional vacant units as well as the addition of 2 ADU units that have already begun the permit process. Built as an 8 unit, the property currently has the benefit of 5 recent vacancies with the potential for more. A 2-bedroom, 2-story townhouse unit has just been completely renovated and is rent-ready. Plans are in place to convert most of the remaining vacancies to 2-bedroom units as well as build an additional two ADU units in the rear carport. Upon lease up at current Section 8 rates, the after-cost CAP rate on this property is pushing 8% with additional upside in turning the remaining occupied units. This offers a buyer looking for long-term stable cash flow an ideal opportunity. The 5 current vacant units will be delivered Rent Ready!

Property Details

Property Features

Property Information:

  • Year Built: 1962
  • Stories: 2
  • Living Area: 5,927 SqFt

Listing Office:

  • Office Name: NAI Capital Commercial Inc.
  • Office Phone: (818) 905-2400
  • Listing Agent: Tim Steuernol

Interior Features

Interior Information:

  • Appliances: Refrigerator, Washer

Bedroom and Bathroom Information:

  • Total Bedroom Count: 9

Exterior Features

Parking Information:

  • Parking: Assigned, Controlled Entrance

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Central

Other

Directions Information:

  • Directions: Parking is best on Main St or 43rd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,875,000
  • Price Per SqFt: $316/SqFt

Tax Information:

  • Annual Amount: $7,580
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

4313 S Main St vs Los Angeles

123 DAYS ON ROCKET

+85 Days

$1,875,000

+$851.5K More

$316/SqFt

-$325 Less

KEY TAKEAWAY

This property is $851.5K more than the Median Sold Price and $325/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24418789

Listing Office:

  • Office Name: NAI Capital Commercial Inc.
  • Office Phone: (818) 905-2400
  • Listing Agent: Tim Steuernol

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/24/2024, 5:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 22, 2003Home Sold
$414,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,580$543,781
2020$7,378$538,207
2019$7,242$527,655
2018$7,057$517,310
2017$7,057$507,167

History based on county public records data.

Payment Calculator

$9,426

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,688

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1093108
5
/10

  • West Vernon Avenue Elementary

  • 4312 S Grand Ave

  • 0.35 miles

  • Public District Grades KG-5

school-card-donut-1093109
3
/10

  • Ricardo Lizarraga Elementary

  • 401 E 40th Pl

  • 0.53 miles

  • Public District Grades KG-5

school-card-donut-1093110
6
/10

  • Global Education Academy

  • 4141 S Figueroa St

  • 0.55 miles

  • Public Charter Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,570. Most Los Angeles, CA residents have annual incomes between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4313 S Main St

What is the listing price of this property?

The listing price of 4313 S Main St property is $1,875,000.

What type of property is this?

The property 4313 S Main St is a house located in Los Angeles, California, 90037.

Is this property for sale now?

Active Listing: 4313 S Main St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $7,580 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 22, 2003 for $414,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 4313 S Main St has 9 bedrooms and 9 bathrooms.

What is the square footage of this property?

The property 4313 S Main St is 5,927 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4313 S Main St is 1962.

Rocket Homes›California›Los Angeles County›Los Angeles›90037›4313 S Main St

This home is located at 4313 S Main St in Los Angeles, CA and zip code 90037 in the South LA neighborhood. This 5,927 square foot home, which was built in 1962, sits on a 0.16 acre lot. Features: 9 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since July 24, 2024 and is currently priced at $1,875,000.

Over 598 listings were sold over their listed price in October 2024 in Los Angeles, CA. In the same period over 753 listings were sold below the listed price and 191 listings were sold for the listed price. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. While the average time on the market in October 2024 was 38 days, the median list price was $1,023,474.

From Rocket Homes Real Estate and based on county public records data.

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