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$ 1,595,000
Est. payment /mo
Active
10974 S Figueroa ST Los Angeles, CA 90061
16 Beds
10 Baths
5,356 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,356 sqft
Price per Sqft $297
MLS Listing ID 26660717
Bedrooms 16
HOA Y/N No
Year Built 1958
Lot Size 6,786 Sqft
Property Description
10974 S. Figueroa Street, Los Angeles, CA 90061 presents a 10-unitmultifamily investment opportunity located on a corner parcel in a strong rental corridor of Los Angeles. Constructed in 1958, the property consists of six (6) 1-bedroom / 1-bathroom units and four (4) 2-bedroom / 1-bathroomunits, offering a desirable and balanced unit mix that appeals to abroad tenant base. The building contains approximately 5,374 rentable square feet and sits on a 6,783 square foot lot. The property is currently not fully stabilized, with three vacant units one (1) 1-bedroom / 1-bathroom unit and two (2)2-bedroom / 1-bathroom units providing an immediate opportunity for anew owner to lease the units at market rents and increase the property's income. Tenant convenience is supported by ample gated and secured on-site parking, an important amenity that enhances tenant appeal and retention. With its corner lot location, practical unit mix, and near-term income upside through leasing of the vacant units, the property presents a compelling value-add opportunity for investors seeking both current income and future growth in a Los Angeles rental market.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LARD1.5
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Fireplace No
Appliance Disposal, Refrigerator
Laundry Common Area
Exterior
Parking Features Uncovered
Pool None
Roof Type Shingle
Porch None
Total Parking Spaces 11
Private Pool No
Building
Faces West
Story 2
Entry Level Two
Foundation Raised
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6075032033
Special Listing Condition Standard
Listed by Sam Grayeli BRC Advisors- BH #01299288
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