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    10974 S Figueroa St

    Los Angeles, CA 90061
    • $2,075,000
    • STATUS: Active
    • ON SITE: 89 days
    • ID#: 20-593908
    UPDATED: 72 min ago
    $2,075,000
    • 16
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,374
      SQFT
    • $386
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    PRICE IMPROVEMENT! Beautifully remodeled 10 unit building with abundant parking spread over two parcels of land. Excellent in-place cash flow with additional rental upside. Fantastic access to both the 110 and 105 freeways. Located 4.6 miles from the upcoming SoFi stadium in Inglewood and 6.1 miles from the LA Memorial Coliseum and Banc of California Stadium. Property features a desirable unit mix (six 2+1s, four 1+1s), on-site laundry for additional income, and is individually metered for gas and electricity. Building is not listed on the citys seismic retrofit list. 8 of the 10 tenants are receiving Section 8 assistance, making this a stable investment in the current uncertain economic climate. Dont miss this turnkey opportunity!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-28T10:42:35.813. 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.
    www.randyplaice.com/homes/107384812
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    10974 S Figueroa St Los Angeles, CA 90061

    • Price: $2,075,000
    • Status: Active
    • Updated: 72 min ago
    • ID#: 20-593908
    16
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,374
    SQFT
    $386
    $/SQFT
    1958
    Built
    Neighborhood:
    Metropolitan Southwest
    County:
    Los Angeles
    Area:
    Metropolitan Southwest
    Property Description
    PRICE IMPROVEMENT! Beautifully remodeled 10 unit building with abundant parking spread over two parcels of land. Excellent in-place cash flow with additional rental upside. Fantastic access to both the 110 and 105 freeways. Located 4.6 miles from the upcoming SoFi stadium in Inglewood and 6.1 miles from the LA Memorial Coliseum and Banc of California Stadium. Property features a desirable unit mix (six 2+1s, four 1+1s), on-site laundry for additional income, and is individually metered for gas and electricity. Building is not listed on the citys seismic retrofit list. 8 of the 10 tenants are receiving Section 8 assistance, making this a stable investment in the current uncertain economic climate. Dont miss this turnkey opportunity!
    Exterior Features

    Lot Size Area 6783 Other Structures None Parking Garage Uncovered Paved YN Yes Total Parking 11

    Interior Features

    Baths Total 10.00 Cooling None Equipment DryerGarbage DisposalHood FanRange/OvenRefrigeratorWasher Heating Wall Gas Laundry Community Laundry Equipment Own

    Property Features

    Alley YN Yes Assessed Total Value 441559 Gross Income 173016 Gross Operating Income 167853 Like Units1 6 Like Units2 4 Net Operating Income 117411.00 Number Of Buildings 1 Number Of Units 10 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 50442 Type Of Units Apartments Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Jordan Peikin DRE#02015987 of Clement Partners Real Estate.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-28T10:42:35.813. 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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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355