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$ 1,395,000
Est. payment | /mo
4 Beds
4 Baths
0.35 Acres Lot
$ 1,395,000
Est. payment | /mo
4 Beds
4 Baths
0.35 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26231877
Bedrooms 4
Lot Size 0.347 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
6 GRM! $116,250/Unit! We are pleased to present 10108 S. Figueroa St, a 12 unit apartment building in South Los Angeles with immediate access to the 110 Freeway. Built in 1953, the property features a uniform unit mix of (12) 1 bed / 1 bath units spread out over 5,523 square feet, on a 15,121 square foot LAC2 zoned lot made up of two parcels. The building has been well maintained, with renovated units and ample on-site parking, an amenity that remains in high demand throughout the submarket. 10108 Figueroa produces excellent in place cash flow at a strong cost basis, and two units will be delivered vacant, so a future investor can lease them at market rents on day one. South Los Angeles has become one of the regions most active rental markets, driven by its central location and the major investment reshaping the surrounding area. The property sits a short drive east of Inglewood, where SoFi Stadium, the Intuit Dome, and the Hollywood Park development have turned the area into a world class sports and entertainment destination ahead of the 2028 Olympic Games. Tenants have easy access to Downtown LA via the 110 Freeway, with the Harbor Freeway Metro station serving the C Line toward LAX and the J Line toward Downtown just to the south. Strong cash flow, a durable unit mix, and a well connected location make this a compelling opportunity to own a stable income producing asset in one of LAs most dynamic growth corridors.
Location
State CA
County Los Angeles
Zoning Assessor
Direction south of Century Blvd and west of the 110 Freeway
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 6054034023
Acceptable Financing Cash, Conventional, Land Contract
Listing Terms Cash, Conventional, Land Contract
Listed by Aaron Jacobson, DRE#02100737 Lyon Stahl Investment Real Estate, Inc.
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