$2,695,000
11308 S Figueroa ST Los Angeles, CA 90061
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$2,695,000
Est. payment /mo
24 Beds
15 Baths
8,610 SqFt
UPDATED:
09/30/2024 05:55 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,610 sqft
Price per Sqft $313
MLS Listing ID 24417391
Bedrooms 24
HOA Y/N No
Year Built 1987
Lot Size 0.283 Acres
Property Description
7.30% Cap Rate And a 9.65 GRM with upside for 1987 product! No LA CIity RSO! 11.02% Proforma Cap Rate! We are pleased to offer this nine unit investment opportunity, located in the City of Los Angeles. The unit mix consists of three 2+1 and six 3+2 units. The investment consists of approximately 8,610 of rentable square feet and is situated on two adjacent parcels totaling approximately 12,350 square feet. Recent property upgrades include new exterior paint, new exterior lighting, a new wrought iron gate, new exterior building and unit numbers, and most of the units have recently been renovated. The building amenities include a large parking area with 18 total spaces, a billboard generating additional income, and the property is separately metered for both gas & electricity.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAC2
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Uncovered
Parking Type Uncovered
Total Parking Spaces 18
Building
Faces West
Story 3
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 6075027030
Special Listing Condition Standard
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Listed by John Katnik • BRC Advisors- BH
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