8441 S Main St, Los Angeles, CA 90003

Property Overview

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8441 S Main St is a 6-unit multifamily property located in the South Los Angeles submarket, just north of Manchester Avenue and west of San Pedro Street. Built in 1938, the property features a unit mix of (1) 1-bedroom/1-bath and (5) studio units, totaling 2,948 rentable square feet on a 5,742 SF lot. Zoned LAC2-1VL-CPIO and subject to the Los Angeles Rent Stabilization Ordinance (RSO), the building is separately metered for utilities and features a pitched roof. Current occupancy stands at 83%. This offering presents a compelling opportunity for investors seeking stable, entry-level multifamily assets in a dense rental market with long-term upside potential.

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Key Property Details

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• Location: 8441 S Main St, Los Angeles, CA 90003
• ‍Lot Size: 5,742 SF
• ‍Zoning: LAC2-1VL-CPIO
• ‍Existing Improvements: 6 Units | 2,948 SF | Built 1938 | LA RSO
• ‍Parking: Street parking
• ‍Utilities: Separately metered
• ‍Roof: Pitched
• Unit Mix
  
  • (1) 1 Bed / 1 Bath
  • (5) Studio / 1 Bath

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Investment Highlights

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Efficient Entry-Point Asset: Smaller building size allows for easier management and lower operating costs, ideal for first-time or local investors.

‍Rental Demand Stability: 83% occupancy with upside through lease-up and stabilization.

‍CPIO Zoning Designation: Located in a Community Plan Implementation Overlay area, providing additional design/development guidelines in a growing corridor.

‍Separate Utilities: Each unit is individually metered, minimizing owner utility expenses and improving NOI.

‍Proximity to Revitalization: Close to major South LA infrastructure projects including SoFi Stadium, Intuit Dome, and the Hollywood Park redevelopment.

‍RSO Protection with Growth Potential: Rent control provides predictability, while South LA submarket rents continue to trend upward.

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Neighborhood and Accessibility

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Located in a high-density section of South Los Angeles, 8441 S Main St offers tenants immediate access to key transit routes and employment centers. The property is within reach of the 110 and 105 freeways, and benefits from proximity to major redevelopment zones like Inglewood’s Hollywood Park, the Intuit Dome, and SoFi Stadium. These long-term public and private investments continue to drive neighborhood transformation and sustained rental demand.

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Market Trends and Financial Potential

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• Current Occupancy: 83% occupied
• ‍Vacancy Assumption: 3% of Gross Rental Income (per underwriting)
• ‍Pro Forma Rents: Based on submarket rent analysis
• ‍Property Tax Rate: 1.25%
• ‍Insurance Estimate: $1.75/SF
• ‍Management Fee: 5% of EGI

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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

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