CA > Los Angeles
Los Angeles, CA 90003,10507 S Figueroa ST
Los Angeles, CA 90003,10507 S Figueroa ST
Los Angeles, CA 90003,10507 S Figueroa ST
Los Angeles, CA 90003,10507 S Figueroa ST
Los Angeles, CA 90003,10507 S Figueroa ST
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Sam Mu

Sam Mu

+1(949) 258-2228
$ 2,225,000
Est. payment | /mo

16 Beds

16 Baths

9,760 SqFt

Save
$ 2,225,000
Est. payment | /mo
Save

16 Beds

16 Baths

9,760 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 9,760 sqft

Price per Sqft $227

MLS Listing ID 25484617

Bedrooms 16

HOA Y/N No

Year Built 1956

Lot Size 10,432 Sqft

Property Description

Introducing, for the first time on market in over 20 years, the opportunity to purchase 10507 and 10511 S Figueroa Street. This investment opportunity consists of 16 one bedroom + one bath units and is priced to sell at only $139,000/unit and a 9.75 GRM at current numbers. Tenants enjoy onsite parking and a close proximity to the 110 and 105 freeways. The economics of the offering show immediate returns at the current income level. However, with market rents continuing in an upward trend, an aggressive management approach may realize a significant upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historically low vacancy rates and consistent rent growth over the same period. Section 8 vouchers are currently $2,172 for 1-bedroom units.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LAC2

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Assigned

Total Parking Spaces 16

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6061025026

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Enrique Viramontes • Remax Commercial and Investment Realty
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California, 92620, United States

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10507 S Figueroa ST