12111 S Figueroa St - Apartments FOR SALE


Los Angeles, CA 90061
$1,995,000 USD
310-704-0007
12111 S Figueroa St, Los Angeles, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/28
null | 5.11% Cap Rate

12111 S Figueroa St
Los Angeles, CA 90061


HIGHLIGHTS

  • All new plumbing, gas and sewer line replaced for the building
  • New Fascia and Stucco
  • Over $250,000 in recent improvements to the property
  • Proforma Potential $306,000 Gross Income with 12.16 CAP and 6.6 GRM

OVERVIEW

James Allan Group is proud to present a 12 Unit Building in close proximity to the 110 Fwy and 105 Fwy Consisting of 11: 2BD l 1BA units and 1: 1BD l 1 BA unit, excellently maintained with great upside potential. Newer Roof, updated plumbing, and sewer line, newer Landscaping, Stucco and several units completely remodeled. Extra storage/previous rental unit with potential to convert to ADU. Secured ample parking. Currently operated at 5.1 cap with upside pro forma of 12 cap rate at market rents. 9766 sq ft Building space and 11,326 Sq ft lot size .Subject to LA rent control. Email for OM.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$204 USD /SF

# OF UNITS

13

PRICE/UNIT

$153,462

CAP RATE

5.11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,346 SF

ZONING

LAR3

APN/PARCEL ID

6117-005-009

ASK ABOUT THIS PROPERTY

James AllanCompassMore Info
310-704-0007

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James AllanCompassMore Info
310-704-0007

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