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$789,000
84 Days Online

8418 S Main Street
Los Angeles, CA 90003

For Sale|Land|Active
County:
Los Angeles

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(619) 353-5888
8418 S Main Street8418 S Main Street8418 S Main Street8418 S Main Street
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This RTI project is a new 4-unit building! This build is not subject to any rent control or affordable housing restrictions! Two duplexes on one lot - start building the day you close escrow. What a great opportunity to build in one of the quickest growing neighborhoods in all of Los Angeles. The subject property is a 43x126 lot (5,420 sq feet) with a 10-foot SIDE ALLEY zoned C2 that sits on the cross streets of 84th Place and Main St. The plans call for a 6,514 square foot build (approximately 6,100 livable). The four-unit is a mix of two 4-bedroom / 2.5 baths, one 4-bedroom / 4-bath with a large family room, one 3-bedroom / 3-bath, 6 open parking spots, and a tandem two-car garage. There are a total of 8 parking spots or 2 spots per unit. Increase your net operating income after the build by converting the garage into an ADU creating the 5th unit. An alternative approach would be taking advantage of the existing commercial zoning (C2). By-right, the site allows for 14 units and if you were to take advantage of the tier 1 TOC zoning you can build up to 21 units. Gas, water, power, and sewer hookups are all available. Main Street is the main artery into all the development going in downtown and a quick drive to the new Clippers and Rams Stadium. The site is 5 miles away from the new Clippers arena and just 4 miles from the Rams NFL stadium. 5 miles from the coveted university of Southern California, and 1 Billion dollar improvement, the Lucas Museum. Comparable 4-unit builds in this area are selling upwards of 2.4 million. Please check the supplements for a copy of the floor plans and complete site profile which provides more information on the site along with demographic data.

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Listing Snapshot
Price 
$789,000
Days Online 
84 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1244 Acres
Year Built 
N/A
MLS Number 
OC22112747
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS
2 months agoStatus changed to ACTIVE
2 months agoPrice changed to $789,000
3 months agoListing first seen online
General Features
Utilities 
ElectricNatural GasTelephone
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Listing courtesy of Four Brothers Real Estate

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2022 San Diego MLS®.

Data last update at 2022

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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