10961 S Figueroa ST Active

Los Angeles,CA 90061

$ 3095000

18 Beds

15 Baths

7591 SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,591 sqft

Price per Sqft $407

MLS Listing ID 23328555

Bedrooms 18

HOA Y/N No

Year Built 1948

Lot Size 0.287 Acres

Property Description

6.74% CAP 15-unit on South Fig with upside! Assumable loan available at 3.500% fixed through June, 2026. 7,591 SF property consists of eight one bedroom/one bathroom units, three two bedroom/one bathroom units, and four studios. With immediate accessibility from the 110 and105 Freeways, 10961-10965 S Figueroa St. is very walkable from schools, retail shops, and restaurants. 45% upside in current rents leaves plenty potential for future ownership. Thirteen units have been turned over since acquisition, with renovations done including: Exterior paint, exterior lights, parking striping, rear stairwell redone, and a new surveillance system installed. This property also includes attached garages with the potential to add 2 ADUs (buyer to investigate). Ample parking is available with ten surface spaces. This property is under a 30 minute drive from University of Southern California and LAX, and just 5 minutes from Cal State Dominguez Hills. 3.5 miles to the southwest of 10961-10965 S. Figueroa St. is Torrance Airport and SpaceX Headquarters, located in the Los Angeles suburb of Hawthorne, California. The neighborhood's economic growth, new developments, rich diversity, and cultural vibrancy have made it a popular destination for residents, businesses, and visitors alike.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LAC2

Interior

Fireplace No

Appliance Disposal,Refrigerator

Exterior

Garage None

Parking Type None

Total Parking Spaces 10

Building

Story 2

Entry Level Two,Multi/Split

Level or Stories Two,Multi/Split

New Construction No

Others

Senior Community No

Tax ID 6075021014

Special Listing Condition Standard

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