10311-10315 S Figueroa St - Apartments FOR SALE


Los Angeles, CA 90003- South Central LA
$950,000 USD
213-225-7223
10311-10315 S Figueroa St, Los Angeles, CA for Sale
$950,000 USD
Apartments - FOR SALE
1/10
null | 8.58% Cap Rate

10311-10315 S Figueroa St
Los Angeles, CA 90003
South Central LA


OVERVIEW

We are proud to present 10311-10315 S Figueroa St, an attractively priced 5-unit multifamily property in Los Angeles, offered at an 8.58% CAP and 8.00 GRM on current rents, with upside potential to achieve an 10.47% CAP and 6.88 GRM upon stabilization. Located just south of W Century Blvd and west of S Grand Ave, this property offers excellent access with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles, Hyde Park, Inglewood and Crenshaw. The property is comprised of three separate single-story structures with five residential units offering a total of 2,424 rentable square feet. Built in 1943, the property sits on a 5,501 SF LAC2-zoned lot with alley access. The unit mix consists of two three-bedroom one-bathroom units, two one-bedroom units and one studio unit. One one-bedroom unit will be delivered VACANT at closing, presenting an immediate opportunity to re-rent at market rents, and all units have been renovated. Contact Casey Lins at 714-333-6768 or Casey.Lins@kidder.com for additional information.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

5

PRICE/UNIT

$190,000

CAP RATE

8.58%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,501 SF

ZONING

LAC2

APN/PARCEL ID

6061-028-014,6061-028-015

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.