Property listed by Kidder Mathews of California, Inc., Casey Lins 858-369-3010
$900,000
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… Read More (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. Read Less
Listing Snapshot
Days Online
0
Last Updated
Beds
8
Square Ft.
2,424
Lot Size
0.13 Acres
Year Built
1928
MLS Number
26672689
Additional Details
Building
Built in 1928, Living area: 2424.0, 4 buildings, 1 storey, Levels: One
Disclosures
RentControl
Income
Gross Income: $111,784, Net Operating Income: $74,011
Lot
0.1263 acres
Parking
3 carport spaces, 3 total parking spaces, DetachedCarport
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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