10311 S Figueroa St, Los Angeles, CA 90003
10311 S Figueroa St, Los Angeles, CA 90003
10311 S Figueroa St, Los Angeles, CA 90003
9
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$900,000
Est. payment /mo
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8 Beds
5 Baths
2,424 SqFt
Active

10311 S Figueroa St Los Angeles, CA 90003

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,424 sqft

Price per Sqft $371

MLS Listing ID 26672689

Bedrooms 8

Year Built 1928

Lot Size 5,501 Sqft

Acres 0.0631

Property Sub-Type Multi-Family

Property Description

We are proud to present 10311 S Figueroa St, an attractively priced 4-unit + ADU (5 units total) multifamily property in Los Angeles.Offered at an 8.22% CAP and an 8.05 GRM on current rents, with upside potential to achieve a 10.06% CAP and a 7.01 GRM upon stabilization, with TWO (2) UNITS DELIVERED VACANT. Located just south of W Century Blvd and west of S Grand Ave, this property offers excellent access with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles, Hyde Park, Inglewood and Crenshaw. The property is comprised of three separate single-story structures with five residential units offering a total of 2,424 rentable square feet. Built in 1943, the property sits on a 2,750 square foot LAC2-zoned lot with alley access. The unit mix consists of two (2) three-bedroom one-bathroom units, two (2) one-bedroom units and one (1) studio unit. One (1) one-bedroom unit and one (1) studio unit will be delivered VACANT at closing, presenting an immediate opportunity to re-rent at market rents, and all units have been renovated. Contact the listing broker for additional information.

Location

State CA

County Los Angeles

Area Metropolitan Southwest

Zoning LAC2

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Inclusions Both APNs: 6061-028-014 & 6061-028-015

Equipment Other

Exterior

Parking Features Carport Detached

Garage Spaces 3.0

Building

Lot Description 2-4 Lots

Story 1

Level or Stories One

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Kidder Mathews of California, Inc.

NEARBY SCHOOL & BUSINESS

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Roddy de la Garza

Roddy de la Garza

Broker Associate / Area Leader | License ID: CA 01995374 / TX 431113

+1(323) 696-5375

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10311 S Figueroa St