We are proud to present 10311-10315 S Figueroa St, an attractively priced 5-unit multifamily property in Los Angeles, offered at an 8.58% CAP and 8.00 GRM on current rents, with upside potential to achieve an 10.47% CAP and 6.88 GRM upon stabilization. Located just south of W Century Blvd and… Read More 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 5,501 SF LAC2-zoned lot with alley access. The unit mix consists of two three-bedroom one-bathroom units, two one-bedroom units and one studio unit. One one-bedroom unit will be delivered VACANT at closing, presenting an immediate opportunity to re-rent at market rents, and all units have been renovated. Read Less
Listing Snapshot
Days Online
34
Last Updated
Property Type
Other
Beds
8
Square Ft.
2,424
Lot Size
0.13 Acres
Year Built
1928
MLS Number
25550671
30 Days Snapshot Of 90003
$508k
-15%
(avg) sold price
8
+33%
homes sold
57
-24%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1928, Building area total: 2,424, Levels: One, Living area: 2424, 1 story, 4 buildings, Common walls: NoCommonWalls
Income
Gross income: $118,677, Net operating income: $81,491
Lot
0.1263 acres, 5,501 square feet, Size: 5,501
Parking
3 totals parking, DetachedCarport
Property
Zoning: LAC2
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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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