5906 S Figueroa St - Apartments FOR SALE


Los Angeles, CA 90003- Vermont Harbor
$1,700,000 USD
310-713-8874
5906 S Figueroa St, Los Angeles, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/3
null | 7% Cap Rate

5906 S Figueroa St
Los Angeles, CA 90003
Vermont Harbor


HIGHLIGHTS

  • Located along S. Figueroa Street with strong visibility and frontage.
  • Positioned within a densely developed commercial corridor in South Los Angeles.
  • Convenient access to Downtown Los Angeles and major regional transportation routes.
  • Surrounded by established residential neighborhoods and neighborhood-serving businesses.

OVERVIEW

5906 S. Figueroa Street presents an opportunity to acquire a multifamily asset in South Los Angeles with proximity to several of the region's major educational, employment, entertainment, and transportation destinations. The property is located approximately six minutes from the University of Southern California and offers convenient access to Downtown Los Angeles, including Crypto.com Arena, LA Live, and the surrounding business district. Its central location provides connectivity to major transportation corridors and a broad range of neighborhood amenities. The offering includes a 10-unit multifamily property together with the adjacent vacant parcel at 5904 S. Figueroa Street, creating additional flexibility for ownership and future planning. The combination of existing residential income potential and an accompanying vacant lot may appeal to investors seeking a property with both current utility and long-term positioning within an established urban corridor. The property benefits from frontage along S. Figueroa Street, a well-traveled commercial and residential corridor serving the surrounding community. On-site parking adds convenience for residents and visitors, while the location places the asset near major employment centers, educational institutions, retail destinations, and entertainment venues that continue to support housing demand throughout the area. With its combination of multifamily improvements, adjacent land, parking, and access to key Los Angeles destinations, the property offers investors an opportunity to acquire a centrally located asset within one of Southern California's most active urban markets.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$238 USD /SF

# OF UNITS

10

PRICE/UNIT

$170,000

CAP RATE

7%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

LAC2

APN/PARCEL ID

6004-037-008,6004-037-009

ASK ABOUT THIS PROPERTY

Kirt WattsBankers Realty Exclusive, Inc.More Info
310-713-8874

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Kirt WattsBankers Realty Exclusive, Inc.More Info
310-713-8874

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