Description
We are pleased to present for sale 10904 South Figueroa Street in Los Angeles, CA.A four-unit property that consists of two separate buildings on a 5,124 SF lot zoned LAC2 with direct alleyway access and five off-street parking spots at the back of the property. The front building consists of a two-level structure with three units in it. There are two 1-Bedroom/ 1-bathroom units on the top floor and a 2-bedroom unit on the bottom floor. The freestanding structure at the back of the lot features a 3-bedroom / 2-bathroom unit. The property will be delivered at a 3.9% current cap rate, and it present the opportunity to a savvy investor to benefit from the potential of up to 80% of rent upside. This asset is situated right off the I-110 Imperial Highway; a 5-minute walk to Figueroa Elementary School; and 2.1 miles away from the Evermont Project, a mixed-use development at the Northeast corner of Vermont and Manchester, that will provide 180 units of affordable housing, a transit plaza, a Metro-sponsored jobs training facility, and grocery anchored retail, alongside the states first public boarding school SEED LA.
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0BEDS
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0.12ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
We are pleased to present for sale 10904 South Figueroa Street in Los Angeles, CA.A four-unit property that consists of two separate buildings on a 5,124 SF lot zoned LAC2 with direct alleyway access and five off-street parking spots at the back of the property. The front building consists of a two-level structure with three units in it. There are two 1-Bedroom/ 1-bathroom units on the top floor and a 2-bedroom unit on the bottom floor. The freestanding structure at the back of the lot features a 3-bedroom / 2-bathroom unit. The property will be delivered at a 3.9% current cap rate, and it present the opportunity to a savvy investor to benefit from the potential of up to 80% of rent upside. This asset is situated right off the I-110 Imperial Highway; a 5-minute walk to Figueroa Elementary School; and 2.1 miles away from the Evermont Project, a mixed-use development at the Northeast corner of Vermont and Manchester, that will provide 180 units of affordable housing, a transit plaza, a Metro-sponsored jobs training facility, and grocery anchored retail, alongside the states first public boarding school SEED LA.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T19:30:30.077. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.