10705 South Figueroa Street
10705 South Figueroa Street
$4,489,000
30
20
10,400
10,400
$432
Description
I am proud to present the Figueroa Flats, a ten unit apartment building located in South Central Los Angeles. With immediate access to the 110 and 105 freeways and numerous metro lines Figueroa Flats are well located and central to everything near Downtown LA, Inglewood, Hawthorne and Gardena. The 10,400 square foot two story building sits on .35 acres and is comprised of (10) Three (3) bedroom Two (2) bathroom units. (10 x 3/2). Each unit is 1040 square feet. The building has benefitted from new...I am proud to present the Figueroa Flats, a ten unit apartment building located in South Central Los Angeles. With immediate access to the 110 and 105 freeways and numerous metro lines Figueroa Flats are well located and central to everything near Downtown LA, Inglewood, Hawthorne and Gardena. The 10,400 square foot two story building sits on .35 acres and is comprised of (10) Three (3) bedroom Two (2) bathroom units. (10 x 3/2). Each unit is 1040 square feet. The building has benefitted from new exterior remodeling and paint, new roof, new fiberglass walkways and is looking better than ever. 6 of the 10 units are renovated and achieving market rents. Income is strong with only a 13% upside to rents, much of which will be achieved in November 2024. The building is NOT subject to Los Angeles RSO meaning the owner can raise rents 8.8% annually (CPI+5% currently). There is room to add ADUs on the property to increase rental income. There is an assumable $1,453,936 mortgage at 3.29% interest fixed until October 2030. A down payment of approximately $3,039,000 is required and yields a cash on cash return of 7.69% on current rents and 8.19% after November 2024.
- Listed by Sky Minor • DRE #01380933 • Brokerage DRE #01380933 • Sky Minor, Broker
Property Details for 10705 South Figueroa Street
Zoning
LAC2
Parcel Number6061023030
Total Units10.0
Living Area10400
Source Living AreaVendor Enhanced
AreaMetropolitan Southwest (C36)
Vacancy Rate0
Lot Size Area15231
Location
LISTING UPDATED: 04/15/2024 12:01 AM
Property Details for 10705 South Figueroa Street
Status | Active |
---|---|
MLS # | 24-377341 |
Days on Market | 24 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1993 |
Lot Size | 0.35 AC / 15,231 SF |
County | Los Angeles County |
Location
Building Information for 10705 South Figueroa Street
Stories2Residences-Year Built1993Building Size-Lot Size0.35 AC / 15,231 SF
Payment Calculator
$27,171 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 10705 South Figueroa Street
Property History for 10705 South Figueroa Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 10705 South Figueroa Street
Taxable ValueLand$1,872,720Additions$624,240Total$2,496,960
Tax Record2023$32,070 ($2,673 / month)
Home Facts
Total Finished SqFt10,400 SqFtAbove Grade Finished SqFt10,400 SqFtLot Size15,227 SqFtStyleMulti-Family Res (5+ Units)Year Built1993ZoningLAC2CountyLOS ANGELESAPN6061-023-030
Schools near 10705 South Figueroa Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Charter - | 9 to 12 | |||
Public - | K to 2 |
Rating | School | Distance |
---|---|---|
Figueroa Street Elementary School PublicK to 5 | ||
Alliance College-Ready Middle Academy No. 4 Charter6 to 8 | ||
Alain Leroy Locke College Prep Academy Charter9 to 12 | ||
Washington Primary Center School PublicK to 2 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.