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10904 S Figueroa Street

Los Angeles, CA 90061
  • $799,000
  • STATUS: ACTIVE
  • ON SITE: 296 Days
  • ID#: PW22073123
Price Reduced
UPDATED: 32 min ago
$799,000
  • 8
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

HUGE PRICE ADJUSTMENT!!!!!! ONE UNIT TO BE DELIVERED VACANT IN RENT READY CONDITIONS !!! A four-unit property that consists of two separate buildings on a 5,124 SF lot zoned LAC2 with direct alleyway access and five off-street parking spots at the back of the property. The front building consists of a two-level structure with three units in it. There are two 1-Bedroom / 1-bathroom units on the top floor and a 3-bedroom / 2-bathroom (2b/2b per title) unit on the bottom floor. The freestanding structure at the back of the lot features a 3-bedroom / 1-bathroom unit. The property will be delivered at a 5.48% current cap rate, and it present the opportunity to a savvy investor to benefit from the potential of up to 65% of rent upside. This asset is situated right off the I-110 Imperial Highway; a 5-minute walk to Figueroa Elementary School; and 2.1 miles away from the Evermont Project, a mixed-use development at the Northeast corner of Vermont and Manchester, that will provide 180 units of affordable housing, a transit plaza, a Metro-sponsored jobs training facility, and grocery anchored retail, alongside the states first public boarding school SEED LA. HUGE PRICE ADJUSTMENT!!!!!! ONE UNIT TO BE DELIVERED VACANT IN RENT READY CONDITIONS !!! A four-unit property that consists of two separate buildings on a 5,124 SF lot zoned LAC2 with direct alleyway access and five off-street parking spots at the back of the property. The front building consists of a two-level structure with three units in it. There are two 1-Bedroom / 1-bathroom units on the top floor and a 3-bedroom / 2-bathroom (2b/2b per title) unit on the bottom floor. The freestanding structure at the back of the lot features a 3-bedroom / 1-bathroom unit. The property will be delivered at a 5.48% current cap rate, and it present the opportunity to a savvy investor to benefit from the potential of up to 65% of rent upside. This asset is situated right off the I-110 Imperial Highway; a 5-minute walk to Figueroa Elementary School; and 2.1 miles away from the Evermont Project, a mixed-use development at the Northeast corner of Vermont and Manchester, that will provide 180 units of affordable housing, a transit plaza, a Metro-sponsored jobs training facility, and grocery anchored retail, alongside the states first public boarding school SEED LA.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.berndbrokerage.com/homes/127606125
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10904 S Figueroa Street Los Angeles, CA 90061

  • Price: $799,000
  • Status: ACTIVE
  • On Site: 296 Days
  • Updated: 32 min ago
  • ID#: PW22073123
8
Beds
0
Baths
0
½ Baths
0.12
Acres
Neighborhood:
Los Angeles (90061)
County:
Los Angeles
Area:
Los Angeles (90061)
Property Description
HUGE PRICE ADJUSTMENT!!!!!! ONE UNIT TO BE DELIVERED VACANT IN RENT READY CONDITIONS !!! A four-unit property that consists of two separate buildings on a 5,124 SF lot zoned LAC2 with direct alleyway access and five off-street parking spots at the back of the property. The front building consists of a two-level structure with three units in it. There are two 1-Bedroom / 1-bathroom units on the top floor and a 3-bedroom / 2-bathroom (2b/2b per title) unit on the bottom floor. The freestanding structure at the back of the lot features a 3-bedroom / 1-bathroom unit. The property will be delivered at a 5.48% current cap rate, and it present the opportunity to a savvy investor to benefit from the potential of up to 65% of rent upside. This asset is situated right off the I-110 Imperial Highway; a 5-minute walk to Figueroa Elementary School; and 2.1 miles away from the Evermont Project, a mixed-use development at the Northeast corner of Vermont and Manchester, that will provide 180 units of affordable housing, a transit plaza, a Metro-sponsored jobs training facility, and grocery anchored retail, alongside the states first public boarding school SEED LA. HUGE PRICE ADJUSTMENT!!!!!! ONE UNIT TO BE DELIVERED VACANT IN RENT READY CONDITIONS !!! A four-unit property that consists of two separate buildings on a 5,124 SF lot zoned LAC2 with direct alleyway access and five off-street parking spots at the back of the property. The front building consists of a two-level structure with three units in it. There are two 1-Bedroom / 1-bathroom units on the top floor and a 3-bedroom / 2-bathroom (2b/2b per title) unit on the bottom floor. The freestanding structure at the back of the lot features a 3-bedroom / 1-bathroom unit. The property will be delivered at a 5.48% current cap rate, and it present the opportunity to a savvy investor to benefit from the potential of up to 65% of rent upside. This asset is situated right off the I-110 Imperial Highway; a 5-minute walk to Figueroa Elementary School; and 2.1 miles away from the Evermont Project, a mixed-use development at the Northeast corner of Vermont and Manchester, that will provide 180 units of affordable housing, a transit plaza, a Metro-sponsored jobs training facility, and grocery anchored retail, alongside the states first public boarding school SEED LA.
Exterior Features

Pool N/K Site Sidewalks

Interior Features

Total Baths Unit1 1 Total Baths Unit2 2 Total Baths Unit3 1 Total Baths Unit4 1

Property Features

Annual Expense Actual 22316 Buildings 2 Cfd Mello Roos Fee 859.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 67776 Monthly Total Fees 71 Terms Conventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1350.0 Unit2 Rent Actual 1828.0 Unit3 Rent Actual 1845.0 Unit4 Rent Actual 625.0 Zoning Seller

San Diego MLS logo Listing provided courtesy of Lyon Stahl Investment Real Est: [IDXCONTACTINFORMATION]. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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932 D St. Suite 5
Ramona CA, 92065