Los Angeles, CA 90003,8823 S Figueroa ST
Los Angeles, CA 90003,8823 S Figueroa ST
Los Angeles, CA 90003,8823 S Figueroa ST
Los Angeles, CA 90003,8823 S Figueroa ST
Los Angeles, CA 90003,8823 S Figueroa ST
Los Angeles, CA 90003,8823 S Figueroa ST
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$1,425,000

$1,500,000

5.0%
Est.Price: ?

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Est. payment /mo

12 Beds

12 Baths

5,424 SqFt


SOLD DATE : 09/12/2024

Key Details

Sold Price $1,425,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,424 sqft

Price per Sqft $262

MLS Listing ID 24412851

Sold Date 09/12/24

Bedrooms 12

HOA Y/N No

Year Built 2003

Lot Size 6,216 Sqft

Property Description

2003 CONSTRUCTION- NO LA RENT CONTROL | 2 VACANCIES! | LARGE 3 BED, 2.5 BATH TOWNHOUSE UNITS. This modern 4-unit apartment building was constructed in 2003, and has NO LA City Rent Control.Spanning a total building size of 5,424 sqft on a 6,214 sqft lot, each of the four townhouse-style units features three spacious bedrooms and two and a half bathrooms. Two of these units are currently vacant, offering immediate occupancy or rental potential. Each unit is allocated four parking spaces, including a two-car garage and a carport, totaling sixteen parking spaces for the entire property. The LAC2 zoning adds another layer of value to this versatile investment.This property boasts several modern conveniences, including central air conditioning, all copper plumbing, and a newer roof, ensuring long-term durability and tenant comfort. Each unit is separately metered for utilities, providing a hassle-free management experience. The gated entrance enhances security and privacy, while washer and dryer hookups in every unit add a layer of convenience for tenants.This property is especially attractive for Section 8 voucher holders, allowing savvy investors to command high rents. Currently, the property operates at a 6.68% Cap Rate and a 9.90 GRM, highlighting its strong investment potential. Don't miss out on this rare opportunity to own a well-maintained, high-potential property in a desirable area of South Los Angeles. Please do not disturb the tenants. Drive-by only.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LAC2

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Stacked

Exterior

Garage Attached Carport, Door-Multi, Garage

Garage Spaces 8.0

Carport Spaces 8

Garage Description 8.0

Community Features Gated

Parking Type Attached Carport, Door-Multi, Garage

Attached Garage Yes

Total Parking Spaces 16

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction Yes

Others

Senior Community No

Tax ID 6038006025

Security Features Gated Community

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Chase Simonton • RE/MAX One
Bought with Chase Simonton • RE/MAX One
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(951) 428-0833

brittany.nicola@exprealty.com

2603 Camino Ramon, Ramon, CA, 94583

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