8418 S Main Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

8418 S Main Street, Los Angeles, California 90003 home-pic-0
ACTIVE$2,090,000
8418 S Main Street, Los Angeles, California 90003
0Bed
0Bath
6,000Sqft
5,414Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
New Construction: Built in 2023, this newly constructed 4-plex offers modern living with minimal immediate maintenance concerns, appealing to both tenants and investors.
Top Cons:
No View: The property description explicitly states 'view: None', which may be a drawback for tenants or buyers who prioritize scenic outlooks.

Compared to the nearby listings

Price:$2.09M vs avg $750.0K (+$1,340,000)98%
Size:6,000 sqft vs avg 1,902.5 sqft98%
Price/sqft:$348 vs avg $36545%

More Insights

Built in 2023 (2 years old).
Condition: This property was built in 2023, making it brand new construction. The MLS description explicitly states it's a 'newly constructed 4-plex' designed for 'contemporary comfort' with 'high-quality materials' and a 'seamless designer touch' in kitchens and bathrooms. The images confirm a modern aesthetic throughout, featuring new wood-look laminate flooring, two-tone kitchen cabinets, light countertops, and modern bathroom vanities and subway tiling. All components are new, meeting current quality standards with no deferred maintenance.
Year Built
2023
Close
-
List price
$2.09M
Original List price
$2.2M
Price/Sqft
$348
HOA
-
Days on market
-
Sold On
-
MLS number
PW25113705
Home ConditionExcellent
Features
Patio
View-

About this home

Introducing 8418 S. Main, an exceptional newly constructed 4-plex that redefines modern living and investment potential. This stunning property features four units, allowing you to set the rent as you see fit, whether you prefer to lease at market rates, explore Section 8 housing, or partner with a nonprofit for a meaningful cause. Each unit is designed for contemporary comfort, featuring interior laundry and an exquisite blend of high-quality materials. With a versatile unit mix, you’ll find expansive four-bedroom, 3.5-bath units, as well as a three-bedroom, 3.5-bath layout, all thoughtfully arranged across dual and tri-levels to maximize space and functionality. Step inside and experience the seamless designer touch, where the kitchen, backsplash, and bathrooms harmoniously match, creating a cohesive and stylish environment. Built with longevity in mind, this property promises to minimize maintenance requests and maximize income potential. Say goodbye to low-income, underperforming properties and embrace the future of real estate with 8418 S. Main—a prime opportunity to own a brand-new, high-return investment in a vibrant community.

Price History

Date
Event
Price
10/04/22
Sold
$700,000
09/18/20
Sold
$375,000
03/31/11
Sold
$137,500
Condition Rating
Excellent

This property was built in 2023, making it brand new construction. The MLS description explicitly states it's a 'newly constructed 4-plex' designed for 'contemporary comfort' with 'high-quality materials' and a 'seamless designer touch' in kitchens and bathrooms. The images confirm a modern aesthetic throughout, featuring new wood-look laminate flooring, two-tone kitchen cabinets, light countertops, and modern bathroom vanities and subway tiling. All components are new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

New Construction: Built in 2023, this newly constructed 4-plex offers modern living with minimal immediate maintenance concerns, appealing to both tenants and investors.
High Investment Potential: As a 4-plex, the property provides significant rental income potential and diversification, positioned as a high-return investment.
Flexible Rental Strategy: The property allows for versatile rental strategies, including market rates, Section 8 housing, or non-profit partnerships, broadening the potential tenant pool and income stability.
Modern Amenities & Design: Each unit features contemporary comfort with interior laundry, high-quality materials, and a cohesive designer aesthetic in kitchens and bathrooms.
Spacious & Versatile Unit Mix: The property offers expansive 4-bedroom/3.5-bath and 3-bedroom/3.5-bath layouts across dual and tri-levels, maximizing space and catering to diverse tenant needs.

Cons

No View: The property description explicitly states 'view: None', which may be a drawback for tenants or buyers who prioritize scenic outlooks.
Lack of Parking Information: The property details do not specify parking arrangements (e.g., dedicated spaces, garages), which is a critical consideration for a multi-unit property in Los Angeles.
Absence of Outdoor Amenities: There is no mention of private outdoor spaces like balconies or patios, or common recreational areas, which can be desirable features for multi-family residents.

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