7427 S Figueroa St - Apartments FOR SALE


Los Angeles, CA 90003- South Central LA
$1,325,000 USD
310-279-7779
7427 S Figueroa St, Los Angeles, CA for Sale
$1,325,000 USD
Apartments - FOR SALE
1/23
null | 7.47% Cap Rate

7427 S Figueroa St
Los Angeles, CA 90003
South Central LA


HIGHLIGHTS

  • A 8-Unit Investment and Value-Add Opportunity in South Los Angeles
  • Offered at a 7.47% CAP Rate and 8.2 GRM with Additional Rental Upside
  • A 1961 Construction Building Situated on a Corner Lot with Gated Access
  • Includes Parking On-Site
  • Strong and Desirable Unit Mix with (4) One-Bedroom and (4) Two-Bedroom Units
  • Within Short Drive to Destinations like Exposition Park, Downtown LA and Close Proximity to the Metro A Line for Transit Access

OVERVIEW

Sean Nami is proud to present an 8-unit investment and value-add opportunity located in the heart of South Los Angeles, offering investors strong in-place cash flow with additional upside potential in one of LA’s steadily improving rental markets. Offered at an attractive 7.47% CAP rate and 8.2 GRM, this well-positioned asset presents an excellent opportunity for both seasoned and first-time multifamily investors seeking long-term appreciation and income growth. Constructed in 1961, the property is situated on a desirable corner lot with gated access, providing added security and privacy for tenants. The building features a highly desirable unit mix consisting of (4) one-bedroom units and (4) two-bedroom units, catering to a broad tenant base and maintaining strong rental demand. The property also includes on-site parking, a valuable amenity in the dense South Los Angeles market. The asset benefits from a prime location with convenient access to major employment centers, entertainment destinations, and public transportation. Residents are within a short drive to popular destinations including Exposition Park, Downtown Los Angeles, USC, BMO Stadium, Crypto.com Arena, and the rapidly expanding entertainment and cultural hubs throughout Central Los Angeles. Additionally, the property is located near the Metro A Line, providing efficient transit access throughout the city and increasing tenant appeal for commuters. South Los Angeles continues to experience significant investor interest and neighborhood transformation fueled by increasing rental demand, ongoing infrastructure improvements, and new residential and mixed-use development projects. Investors and developers are making stronger commitments to the area as housing demand remains high due to the central location and accessibility to major economic corridors across Los Angeles County. This property presents an ideal opportunity to capture stable current income while implementing strategic improvements to increase rental revenue over time. With strong market fundamentals, a functional unit mix, gated parking, and proximity to major destinations and transit options, this South Los Angeles multifamily asset offers an attractive combination of cash flow, rental upside, and long-term growth potential.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$297 USD /SF

# OF UNITS

8

PRICE/UNIT

$165,625

CAP RATE

7.47%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Figueroa Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,512 SF

ZONING

LAC2

APN/PARCEL ID

6020-024-017

ASK ABOUT THIS PROPERTY

Sean NamiLyon Stahl Investment Real EstateMore Info
310-279-7779

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Sean NamiLyon Stahl Investment Real EstateMore Info
310-279-7779

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