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10974 Figueroa Street, Los Angeles, CA 90061
Priced at Only: $1,595,000
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Address: 10974 Figueroa Street, Los Angeles, CA 90061
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  • MLS#: 26660717 ( )
  • Street Address: 10974 Figueroa Street
  • Viewed: 4
  • Price: $1,595,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1958
  • Bldg sqft: 0
  • Days On Market: 43
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90061
  • Provided by: BRC Advisors- BH
  • Contact: Sam Sam
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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 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.
Features
Appliances
  1. Disposal
  2. Refrigerator
Building Area Total
  1. 5356.00
Common Walls
  1. 1 Common Wall
Construction Materials
  1. Stucco
Country
  1. US
Direction Faces
  1. West
Foundation Details
  1. Raised
Heating
  1. Wall Furnace
Interior Features
  1. Ceiling Fan(s)
Laundry Features
  1. Community
Levels
  1. Two
Netoperatingincome
  1. 117697.00
Parcel Number
  1. 6075032033
Parking Features
  1. Uncovered
Pool Features
  1. None
Roof
  1. Shingle
Sourcesystemkey
  1. 26660717:CLAW
Spa Features
  1. None
Totalexpenses
  1. 63817.00
Uncovered Spaces
  1. 11.00
Year Built
  1. 1958
Zoning
  1. LARD1.5
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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