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10412 S Figueroa Street
Los Angeles, CA 90003

$2,575,000 
  • -- Beds
  • -- Baths
  • 5,295 sqft
  • Residential Income
  • Active
10412 S Figueroa Street, Los Angeles - 589537503
10412 S Figueroa Street, Los Angeles - 589537504
10412 S Figueroa Street, Los Angeles - 589537505
10412 S Figueroa Street, Los Angeles - 589537506
10412 S Figueroa Street, Los Angeles - 589537507
10412 S Figueroa Street, Los Angeles - 589537508
10412 S Figueroa Street, Los Angeles - 589537509
10412 S Figueroa Street, Los Angeles - 589537510
10412 S Figueroa Street, Los Angeles - 589537511
10412 S Figueroa Street, Los Angeles - 589537512
10412 S Figueroa Street, Los Angeles - 589537513
10412 S Figueroa Street, Los Angeles - 589537514
10412 S Figueroa Street, Los Angeles - 589537515
10412 S Figueroa Street, Los Angeles - 589537516
10412 S Figueroa Street, Los Angeles - 589537517
10412 S Figueroa Street, Los Angeles - 589537518

Property Description for 10412 S Figueroa Street, Los Angeles CA 90003

19 unit value add opportunity on S. Figueroa St. in South LA. 18 Studios and one 1 Bd/1 Ba unit. 10 of the 19 units to be delivered vacant. Ability to double the income by leasing the vacant units and bringing rents to market. Proforma 10.37 GRM and 5.97% cap rate on market rents. Ample parking, with the ability to charge additional rent for parking spaces due to lack of parking in the area. 3 of the 15 parking spaces are currently being rented for $25/month but can go as much as $40/month. Located in a gentrifying pocket of South Los Angeles, easy access to the new Rams stadium and resurgent Downtown Los Angeles. The property is currently in REAP, but the required work has already been completed by the existing owner. Seller is highly motivated. Numbers page, appraisal and offering memorandum are included as supplements to this listing. Sitting just an 8-minute drive to the Los Angeles Memorial Coliseum, Exposition Park and the new Los Angeles Football Club – Banc of California Stadium, local economies are booming. This pocket of Los Angeles is now garnering attention from investors all over the world who see South Los Angeles as the next frontier of Commercial Real Estate in Los Angeles.

  • Property Class: Residential Income
  • Listing Status: Active
  • City: Los Angeles
  • State: CA
  • Zip: 90003
  • Area: C37 - Metropolitan South
  • County: Los Angeles
  • Class: Residential Income
  • Approx Lot Size: 0.170
  • Stories: 2
  • Baths (F/H): -- / --
  • Baths Partial: 0
  • Living Area (SqFt): 5,295 sqft
  • Lot Sq Ft Apx: 7405.00
  • Year Built: 1960
  • Listing#: SB18275662
  • Parcel Number: 6061030023
  • List Date: 11/16/2018
  • Last updated on: 2/17/2019

Property Features for 10412 S Figueroa Street, Los Angeles CA 90003

  • Cooling: None
  • Heating: Wall Heater
  • Interior Features: Copper Plumbing Full
  • Parking Features: Private, Uncovered
  • Security Features: Automatic Gate, Resident Manager, Security System, Smoke Detector
  • Year Built: 1960
  • Community Features: Urban
  • Zoning: Lard1.5
  • View Description: Neighborhood
  • Lot Desc: 16-20 Units/Acre
  • Pool: None

Additional Information for 10412 S Figueroa Street, Los Angeles CA 90003

  • Development Status: Updated/Remodeled
  • Expenses: 86882.00
  • Fencing: Security, Wood
  • Garage Style: Private, Uncovered
  • Gross Building Area: 5295.00
  • Gross Income: 103680.00
  • Net Income: 17698.00
Courtesy of L'mar Kojani, Keller Williams Beach Cities
Copyright 2019, California Regional Multiple Listing Service, Inc.. All Rights Reserved.
Based on information from California Regional Multiple Listing Service, Inc. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.