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4714 S Main Street, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath

4714 S Main Street, Los Angeles, California 90037 home-pic-0
ACTIVE$1,800,000
4714 S Main Street, Los Angeles, California 90037
0Bed
0Bath
7,192Sqft
7,000Lot
Year Built
1922
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$250
HOA
-
Days on market
-
Sold On
-
MLS number
DW25073167
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.80M(96th), sqft - 7192(96th), beds - undefined(50th), baths - undefined(50th).

Attention Investors!! This is a mixed-use property located at 4714 S Main St, situated in a rapidly growing area of Los Angeles, characterized by new developments and increasing demand for housing and retail. The building includes a retail store and the popular restaurant, Chicharroland, on the ground floor. Upstairs, you’ll find four spacious residential apartment units: three 1-bedroom, 1-bath units, and one 2-bedroom, 1-bath unit, all currently rented. The property is conveniently located near the University of Southern California (USC) and the historic Los Angeles Memorial Coliseum, enhancing its appeal. With easy access to public transportation, schools, shopping, and community services, this property is a must-see for savvy investors. Don’t miss this great opportunity to invest in a booming market!

Price History

Date
Event
Price
09/28/04
Sold
$565,000
Condition Rating
Poor
The property was built in 1922, making it over a century old. The listing explicitly states 'Advanced Age of Building' as a weakness, noting 'likely requiring substantial ongoing maintenance, potential for outdated infrastructure, and future capital expenditures for major system replacements or renovations.' While the units are currently rented, indicating habitability, the lack of any mentioned recent renovations combined with the significant age and the identified need for major system replacements and rehabilitation aligns with the 'Poor' condition criteria. The aerial images do not provide interior details but confirm the age and exterior appearance of an older urban building.
Pros & Cons

Pros

Diversified Income Stream: This mixed-use property offers immediate and diversified cash flow from a ground-floor retail space (restaurant) and four fully rented residential apartment units.
Strategic Location in Growth Area: Situated in a rapidly growing area of Los Angeles, characterized by new developments and increasing demand for both housing and retail, indicating strong investment potential.
Proximity to Major Institutions: Conveniently located near the University of Southern California (USC) and the Los Angeles Memorial Coliseum, ensuring high demand for rentals and retail services.
Excellent Accessibility: Benefits from easy access to public transportation, schools, shopping, and community services, enhancing convenience and appeal for tenants and customers.
Strong Market Appreciation Potential: Positioned in a 'booming market' with significant historical appreciation, suggesting robust potential for future property value growth.

Cons

Advanced Age of Building: Constructed in 1922, the property is over a century old, likely requiring substantial ongoing maintenance, potential for outdated infrastructure, and future capital expenditures for major system replacements or renovations.
Absence of Desirable Views: The property explicitly states 'view: None,' which could be a disadvantage in a competitive market where properties with scenic views often command higher rents or sale prices.
Potential for High Operating Costs: Older mixed-use properties often incur higher operational expenses due to less energy-efficient systems, potential for deferred maintenance, and increased insurance costs compared to newer constructions.

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