10950 South Figueroa Street

Los Angeles, CA 90061

$1,995,000
Price
16
Beds
8
Baths
5,516 Sq. Ft.
$362 / Sq. Ft.
5,516
Sq. Ft.
$362
per Sq. Ft.

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.
  1. 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 Total
8
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Detached
Business Type
Multi-Tenant
Lot Size Source
Assessor

Location

Listing Courtesy of Vista Sotheby’s International Realty, Luis Gonzalez, DRE #01137141
Add your commute
LISTING UPDATED: 04/22/2024 08:01 AM

Property Details for 10950 South Figueroa Street

StatusActive
MLS #SB24029476
Days on Market85
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2009
Lot Size0.16 AC / 6,785 SF
CountyLos Angeles County

Location

Listing Courtesy of Vista Sotheby’s International Realty, Luis Gonzalez, DRE #01137141
Add your commute

Building Information for 10950 South Figueroa Street

Stories2Residences-Year Built2009Building Size-Lot Size0.16 AC / 6,785 SF

Payment Calculator

$12,211 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,888

Property Taxes

$1,323

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 10950 South Figueroa Street

Rental Info
Rental Info
  • Tenant Pays: All Utilities, Electricity, Gas, Trash Collection, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $1
  • Gross Scheduled Income: $1
  • Net Operating Income: $1
  • Laundry Income: $0
  • Other Income 1: $0
  • Cap Rate: 6.05
Expense Details
  • Operating Expense: $1
  • Expense Year: $2,023
  • Fuel Expense: $0
  • Building Expenses: $0
  • Electric Expense: $0
  • Insurance Expense: $1
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Real Estate Tax Expense: $0
  • Total Expenses: $1
Tax / Assessment Info
  • Tax Rate: 1.25
  • Tax Year: 2023
  • Tax Annual Amount: $18,085
  • Tax Tract Number: 1234
  • CFD/Mello-Roos Fee: $442
  • Tax Lot: 1234
Community / Development
Community / Development
  • Community Features: Curbs, Gutters
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Appliances: Dishwasher
  • Equipment: Dishwasher, Gas Dryer Hookup, Room, Washer Hookup
Exterior Features
  • Window Features: Double Pane Windows
  • Security Features: Gated Community, Security Lights, Window Bars
  • Security: Gated Community, Security Bars
  • Construction Materials: Drywall Walls, Frame, Other, Stucco
  • Exterior Construction: Frame, Other, Stucco
  • Exterior: Stucco, Other/Remarks
  • Roof: Composition
  • Entry Location: main
  • Fence: Yes
  • Fence: Chain Link, Pipe
  • Fencing: Chain Link, Good Condition, Pipe
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Sign on Property: No
  • Additional Parcels Description: 6075-032-011
  • Lot Features: 2-5 Units/Acre, Corner Lot, Level with Street, Level
  • Land Use: Multi-Family
  • Lease Considered: No
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family
  • Personal Property Amount: $.00
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1
  • Unit Type Total Rent: $1
  • Unit Type Pro Forma: 1
  • Unit Type Type: 1
  • Unit Type Description: Actual Rent
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1
  • Unit Type Total Rent: $1
  • Unit Type Pro Forma: 1
  • Unit Type Type: 2
  • Unit Type Description: Actual Rent
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1
  • Unit Type Total Rent: $1
  • Unit Type Pro Forma: 1
  • Unit Type Type: 3
  • Unit Type Description: Actual Rent
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1
  • Unit Type Total Rent: $1
  • Unit Type Pro Forma: 1
  • Unit Type Type: 4
  • Unit Type Description: Actual Rent
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Property History for 10950 South Figueroa Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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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10950 South Figueroa Street is a multi-family home for sale in Los Angeles, CA 90061. This property was listed for sale on February 8, 2024 by Vista Sotheby’s International Realty, it's currently listed at $1,995,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Figueroa Street Elementary School, Alliance College-Ready Middle Academy No. 4 and Alain Leroy Locke College Prep Academy. 10950 South Figueroa Street is a 16-bed, 8-bath, 5,516 sqft multi-family home built in 2009.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Vista Sotheby’s International Realty, Luis Gonzalez, DRE #01137141

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.