10950 South Figueroa Street
10950 South Figueroa Street
$1,995,000
16
8
5,516
5,516
$362
Description
This 4 unit multi-family building built in 2009 already earning great income that starts with 6% cap rate. The money goes into your bank account at $14,400 per month / annual income at: $172,800 Gross /$141,275 Net (after annual taxes, insurance and every expense the seller pays that is actual Net). The rental income, you do not have to chase the tenants for all the money. The government, via section 8, will send the majority monthly rents on time every month to the bank account of your choice. This...This 4 unit multi-family building built in 2009 already earning great income that starts with 6% cap rate. The money goes into your bank account at $14,400 per month / annual income at: $172,800 Gross /$141,275 Net (after annual taxes, insurance and every expense the seller pays that is actual Net). The rental income, you do not have to chase the tenants for all the money. The government, via section 8, will send the majority monthly rents on time every month to the bank account of your choice. This means no chasing money or tenants. The Actual Cap rate is 6% Net, after taxes and all expenses the seller pays. Increase the rents $1900 per month to improve the cap Rate to a 7.25%. Additionaly, There is room to add 2 ADU's of which, each unit will rent for going rents of $2,000 per month. This will increase the annual Gross income to $220,000/Net $189,000 after expenses to improve your Cap Rate to 9.40%. With a little work, earn a Cap Rate of 9.40% net annual income of $189,000. The tenants pay for water, gas, electrical and trash. Each unit has separate Water, Electric & Gas Meters. The property consist of 2 separate buildings, side by side, in one gated complex in excellent condition, built in 2009. Each of the 4 units feature 4 bedrooms, 2 bathrooms that include a bath tube and a shower. Tenants will enjoy a laundry room with washer and dryer hook-ups inside each unit. This 4 unit property that comprises of 2 duplexes on one lot, 2 separate parcels, each in excellent condition overall inside all the units and very attractive exterior of the buildings outside with a surrounding security gate and a grassed area for recreation. The tenants will enjoy large kitchens with all the kitchen emenites, such as granite countertops, dishwashers, garbage, disposal, tile floor and lots of wood cabinets, double pan windows throughout each unit. The bedrooms are larger than normal rentals, with newer carpets and with large closets, this helps the tenants enjoy a superb at home family lifestyle. Tenants love that units are close to LAX USC , LA Downtown, 110 & 105 FWY and public transit.
- Listed by Luis Gonzalez • DRE #01137141 • Brokerage DRE #01922362 • Vista Sotheby’s International Realty • 3105292585
Property Details for 10950 South Figueroa Street
View
Neighborhood
Parking Spaces Total8
Private PoolNo
Cooling TypeN/K
Total Units4.0
Building TypeDetached
Business TypeMulti-Tenant
Lot Size SourceAssessor
Location
LISTING UPDATED: 04/22/2024 08:01 AM
Property Details for 10950 South Figueroa Street
Status | Active |
---|---|
MLS # | SB24029476 |
Days on Market | 85 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2009 |
Lot Size | 0.16 AC / 6,785 SF |
County | Los Angeles County |
Location
Building Information for 10950 South Figueroa Street
Stories2Residences-Year Built2009Building Size-Lot Size0.16 AC / 6,785 SF
Payment Calculator
$12,211 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 10950 South Figueroa Street
Property History for 10950 South Figueroa Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 10950 South Figueroa Street
Taxable ValueLand$857,760Additions$428,879Total$1,286,639
Tax Record2023$15,875 ($1,323 / month)
Home Facts
Total Finished SqFt2,758 SqFtAbove Grade Finished SqFt2,758 SqFtLot Size5,427 SqFtStyleDuplexYear Built2009ZoningLARD1.5CountyLOS ANGELESAPN6075-032-012
Schools near 10950 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.
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