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10961 S Figueroa Street

Los Angeles (City), CA 90061
  • $3,095,000
  • STATUS: Active
  • ON SITE: 374 Days
  • ID#: 23328555
UPDATED: 21 min ago
$3,095,000
  • 18
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,591
    SQFT
  • $408
    $/SQFT
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Listing Agent(s): Adam Peterson of CB Richard Ellis, Inc. ()


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-12T10:28:27.203. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
www.cfc-realty.com/homes/144990182
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10961 S Figueroa Street Los Angeles (City), CA 90061

  • Price: $3,095,000
  • Status: Active
  • On Site: 374 Days
  • Updated: 21 min ago
  • ID#: 23328555
18
Beds
0
Baths
0
½ Baths
0.29
Acres
7,591
SQFT
$408
$/SQFT
1948
Built
Neighborhood:
C36 - Metropolitan Southwest
County:
Los Angeles
Area:
C36 - Metropolitan Southwest
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.
Exterior Features

Open Parking Spaces 10 Parking Features None Parking Total 10

Interior Features

Appliances DisposalRefrigerator

Property Features

Association YN No Cap Rate 6.74 Disclosures Rent Control Gross Income 308383 Levels TwoMulti/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 208555 New Construction YN No Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Zoning LAC2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-12T10:28:27.203. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
 
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CFC Realty, Inc
931 Pueblo Drive
Lake Havasu City AZ, 86406
Listing Agent(s): Adam Peterson of CB Richard Ellis, Inc. ()