8115 S Figueroa St - Apartments FOR SALE


Los Angeles, CA 90003- South Central LA
$850,000 USD
310-874-6920
8115 S Figueroa St, Los Angeles, CA for Sale
$850,000 USD
Apartments - FOR SALE
1/16
null | 6.33% Cap Rate

8115 S Figueroa St
Los Angeles, CA 90003
South Central LA


OVERVIEW

This an opportunity to purchase a 6 unit apartment building in South Los Angeles. The property is located on the major Figueroa Street corridor, one of Los Angeles County's most significant north-south thoroughfares. The location allows for easy connectivity with public transportation just steps away, including Broadway/104th bus service to Downtown LA and convenient access to the Green Metro Line to LAX. Downtown LA is only 15-20 minutes by car, making this an ideal central location for navigating all of Los Angeles. The South Figueroa corridor represents a dynamic area with ongoing development and community investment, positioning this property in a neighborhood with strong growth potential and urban revitalization initiatives. The unit mix is 5 studios and one 1BR/1BA. The current owner AirBnBs the 1BR/1BR with the 12 month average of $2,130 a month. A new owner can continue this or lease it to a long term tenant.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$378 USD /SF

# OF UNITS

6

PRICE/UNIT

$141,667

CAP RATE

6.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,500 SF

ZONING

LAC2

APN/PARCEL ID

6032-024-006

ASK ABOUT THIS PROPERTY

Jeff GrayConroy CommercialMore Info
310-874-6920

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Jeff GrayConroy CommercialMore Info
310-874-6920

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