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$ 3,078,000
Est. payment /mo
New
10412 S Figueroa ST Los Angeles, CA 90003
19 Beds
19 Baths
5,295 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,295 sqft
Price per Sqft $581
MLS Listing ID 25583555
Bedrooms 19
HOA Y/N No
Year Built 1960
Lot Size 5,675 Sqft
Property Description
We are pleased to present 10412 S. Figueroa Street, a nineteen-unit multifamily investment opportunity located in the Vermont Vista neighborhood of South Los Angeles. This fully renovated vacant asset offers potential investors with a variety of different investment strategies to maximize cash flow in a dense and high rental demand submarket of South Los Angeles. With strong potential income, historically low vacancy rate in the area, and excellent long-term fundamentals, the property presents a compelling opportunity for yield seeking investors. Originally constructed in 1960, the property consists of thirteen bachelor units, five studio units, and one one-bedroom/one-bathroom unit. The property is master-metered for gas and water and individually metered for electricity. This property has been completely gutted and rebuilt due to a previous fire and benefits from a newer roof, plumbing, and electrical system. Residents benefit from secure, gated access and plenty of parking in the rear of the property. 10412 S. Figueroa offers significant development potential. Under SB 1211, an investor could explore the possibility of developing eight ADUs to maximize the lot's potential. Situated just four blocks from the nearest on- and off-ramps to the 110 Freeway, the property provides excellent regional access to Downtown Los Angeles, LAX, and the South Bay. With high rental demand and a shortage of affordable housing options, 10412 S. Figueroa is ideally positioned to deliver both near-term and long-term returns. The property is subject to the Los Angeles Rent Stabilization Ordinance (RSO).
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Disposal
Exterior
Parking Features Gated
Pool None
Total Parking Spaces 13
Private Pool No
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 6061030023
Special Listing Condition Standard
Listed by Sevak Keshishian Marcus & Millichap