10974 S Figueroa St

Los Angeles CA 90061

5356 sq. ft.

6785 sq. ft.

Other

Currently for sale - view listing

Overview

10974 S. Figueroa Street, Los Angeles, CA 90061 presents a 10-unitmultifamily investment opportunity located on a corner parcel in a strong rental corridor of Los Angeles. Constructed in 1958, the property consists of six (6) 1-bedroom / 1-bathroom units and four (4) 2-bedroom / 1-bathroomunits, offering a desirable and balanced unit mix that appeals to abroad tenant base. The building contains approximately 5,374 rentable square feet and sits on a 6,783 square foot lot. The property is currently not fully stabilized, with three vacant units one (1) 1-bedroom / 1-bathroom unit and two (2)2-bedroom / 1-bathroom units providing an immediate opportunity for anew owner to lease the units at market rents and increase the property's income. Tenant convenience is supported by ample gated and secured on-site parking, an important amenity that enhances tenant appeal and retention. With its corner lot location, practical unit mix, and near-term income upside through leasing of the vacant units, the property presents a compelling value-add opportunity for investors seeking both current income and future growth in a Los Angeles rental market.

Features

16 bedrooms

10 bathrooms

11 carspaces

11 open car spaces

5356 sq. ft. floor area

6785 sq. ft. lot size

Other

Property history for 10974 S Figueroa St

2021

Sold

$2,075,000

28 Jan 2021 by Jordan Peikin, of Clement Partners Real Estate

2019

Sold

$1,350,000

03 Jul 2019 by Jordan Peikin, of Clement Partners Real Estate

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