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10904 S Figueroa Street

Los Angeles (City), CA 90061
  • $845,000
  • STATUS: Active
  • ON SITE: 44 Days
  • ID#: PW22073123
UPDATED: 50 min ago
$845,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Listing Agent(s): Alex Colombo of Lyon Stahl Investment Real Est (310-425-9838)


Description

We are pleased to present for sale 10904 South Figueroa Street in Los Angeles, CA.A four-unit property that consists of two separate buildings on a 5,124 SF lot zoned LAC2 with direct alleyway access and five off-street parking spots at the back of the property. The front building consists of a two-level structure with three units in it. There are two 1-Bedroom/ 1-bathroom units on the top floor and a 2-bedroom unit on the bottom floor. The freestanding structure at the back of the lot features a 3-bedroom / 2-bathroom unit. The property will be delivered at a 3.9% current cap rate, and it present the opportunity to a savvy investor to benefit from the potential of up to 80% of rent upside. This asset is situated right off the I-110 Imperial Highway; a 5-minute walk to Figueroa Elementary School; and 2.1 miles away from the Evermont Project, a mixed-use development at the Northeast corner of Vermont and Manchester, that will provide 180 units of affordable housing, a transit plaza, a Metro-sponsored jobs training facility, and grocery anchored retail, alongside the states first public boarding school SEED LA.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T20:33:03.473. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/127606173
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10904 S Figueroa Street Los Angeles (City), CA 90061

  • Price: $845,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 50 min ago
  • ID#: PW22073123
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1948
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
Property Description
We are pleased to present for sale 10904 South Figueroa Street in Los Angeles, CA.A four-unit property that consists of two separate buildings on a 5,124 SF lot zoned LAC2 with direct alleyway access and five off-street parking spots at the back of the property. The front building consists of a two-level structure with three units in it. There are two 1-Bedroom/ 1-bathroom units on the top floor and a 2-bedroom unit on the bottom floor. The freestanding structure at the back of the lot features a 3-bedroom / 2-bathroom unit. The property will be delivered at a 3.9% current cap rate, and it present the opportunity to a savvy investor to benefit from the potential of up to 80% of rent upside. This asset is situated right off the I-110 Imperial Highway; a 5-minute walk to Figueroa Elementary School; and 2.1 miles away from the Evermont Project, a mixed-use development at the Northeast corner of Vermont and Manchester, that will provide 180 units of affordable housing, a transit plaza, a Metro-sponsored jobs training facility, and grocery anchored retail, alongside the states first public boarding school SEED LA.
Exterior Features

Number Of Separate Electric Meters 4 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Street LightsSidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 56460 Gross Scheduled Income 56460 Insurance Expense 1600 Land Lease YN No Laundry Features Electric Dryer HookupGas Dryer Hookup Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 32963 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 21803 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 1800 Water Sewer Expense 1800 Water Source Public Zoning Lac2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T20:33:03.473. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Alex Colombo of Lyon Stahl Investment Real Est (310-425-9838)