$ 3,095,000
10961 S Figueroa ST Los Angeles, CA 90061
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$ 3,095,000
Est. payment /mo
Active
10961 S Figueroa ST Los Angeles, CA 90061
18 Beds
15 Baths
7,591 SqFt
UPDATED:
09/30/2024 06:46 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,591 sqft
Price per Sqft $407
MLS Listing ID 23328555
Bedrooms 18
HOA Y/N No
Year Built 1948
Lot Size 0.287 Acres
Acres 0.2866
Property Description
6.74% CAP 15-unit on South Fig with upside! Assumable loan available at 3.500% fixed through June, 2026. 7,591 SF property consists of eight one bedroom/one bathroom units, three two bedroom/one bathroom units, and four studios. With immediate accessibility from the 110 and105 Freeways, 10961-10965 S Figueroa St. is very walkable from schools, retail shops, and restaurants. 45% upside in current rents leaves plenty potential for future ownership. Thirteen units have been turned over since acquisition, with renovations done including: Exterior paint, exterior lights, parking striping, rear stairwell redone, and a new surveillance system installed. This property also includes attached garages with the potential to add 2 ADUs (buyer to investigate). Ample parking is available with ten surface spaces. This property is under a 30 minute drive from University of Southern California and LAX, and just 5 minutes from Cal State Dominguez Hills. 3.5 miles to the southwest of 10961-10965 S. Figueroa St. is Torrance Airport and SpaceX Headquarters, located in the Los Angeles suburb of Hawthorne, California. The neighborhood's economic growth, new developments, rich diversity, and cultural vibrancy have made it a popular destination for residents, businesses, and visitors alike.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAC2
Interior
Fireplace No
Appliance Disposal, Refrigerator
Exterior
Garage None
Parking Type None
Total Parking Spaces 10
Building
Story 2
Entry Level Two,Multi/Split
Level or Stories Two, Multi/Split
New Construction No
Others
Senior Community No
Tax ID 6075021014
Special Listing Condition Standard
Listed by Adam Peterson • CB Richard Ellis, Inc.