10412 S Figueroa Street, Los Angeles, CA 90003 (MLS # SB19091333)

Price $2,500,000
Status Active
Beds 0
Baths 0 bath
Home size 5,295 sq ft
Lot Size 7,406 sqft
Days on Market 88

According to the listing agent, this listing is a bank owned (foreclosed) property.
19 unit major value add opportunity in South Los Angeles. 18 studios and one 1 Bd/1 Ba unit. 11 of the 19 units are currently vacant, which allows the new owner to come in and immediately lease the units at market rents. 6.83% cap rate on the proforma rents. Located in gentrifying South Los Angeles, easily accessible to the new Rams Stadium and the resurgent Downtown LA. Seller just replaced the roof and has recently renovated most units. This is the perfect property for most government subsidy programs. Priced below market price/unit, at $131,579/unit. Ample parking, with the ability to charge additional rent for parking spaces due to the lack of parking in the area. Offering Memorandum included as a supplement to this listing.
Property Type(s): Residential Income
Last Updated 4/23/2019 Year Built 1960
Community C37 - Metropolitan South County Los Angeles

Additional Details

AREAC37 - Metropolitan South
GARAGEPrivate, Uncovered
LOT7405 sq ft
SEWERPublic Sewer



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Listing provided by : Martin Ensbury CalDRE: 00815392, Keller Williams Beach Cities

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