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… Read More 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. Read Less
Listing Snapshot
Days Online
57
Last Updated
Beds
16
Square Ft.
5,356
Lot Size
0.16 Acres
Year Built
1958
MLS Number
26660717
Additional Details
Appliances & Equipment
Disposal, Refrigerator
Building
Built in 1958, Living area: 5356.0, 1 building, Building faces West, 2 stories, Levels: Two, Construction Materials: Stucco
Exterior Features
Patio/Porch Features: None
Foundation
Raised
Heating
WallFurnace
Income
Gross Income: $187,128, Net Operating Income: $117,697
Interior Features
CeilingFans
Laundry
CommonArea
Lot
0.1558 acres
Parking
11 open parking spaces, 11 total parking spaces, Uncovered
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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