10974 South Figueroa Street

Los Angeles, CA 90061

$2,075,000
Last Sold Price
16
Beds
10
Baths
5,374 Sq. Ft.
$386 / Sq. Ft.
5,374
Sq. Ft.
$386
per Sq. Ft.

Description

Price improvement! Beautifully remodeled 10 unit building with abundant parking spread over two parcels of land. Excellent in-place cash flow with additional rental upside. Fantastic access to both the 110 and 105 freeways. Located 4.6 miles from the upcoming SoFi stadium in Inglewood and 6.1 miles from the LA Memorial Coliseum and Banc of California Stadium. Property features a desirable unit mix (six 2+1s, four 1+1s), on-site laundry for additional income, and is individually metered for gas and...Price improvement! Beautifully remodeled 10 unit building with abundant parking spread over two parcels of land. Excellent in-place cash flow with additional rental upside. Fantastic access to both the 110 and 105 freeways. Located 4.6 miles from the upcoming SoFi stadium in Inglewood and 6.1 miles from the LA Memorial Coliseum and Banc of California Stadium. Property features a desirable unit mix (six 2+1s, four 1+1s), on-site laundry for additional income, and is individually metered for gas and electricity. Building is not listed on the citys seismic retrofit list. 8 of the 10 tenants are receiving Section 8 assistance, making this a stable investment in the current uncertain economic climate. Dont miss this turnkey opportunity!
  1. Listed by Jordan Peikin • DRE #02015987 • Brokerage DRE #00655202 • Clement Partners Real Estate

Property Details for 10974 South Figueroa Street

Zoning
LARD1.5
Parcel Number
6075032033
Total Units
10.0
Living Area
5374
Source Living Area
Assessor
Area
Metropolitan Southwest (C36)
Vacancy Rate
0%
Lot Size Area
6783

Location

Listing Courtesy of Clement Partners Real Estate, Jordan Peikin, DRE #02015987

Sold By Charles McMillan, Charles McMillan, DRE #01155797

Add your commute
LISTING UPDATED: 01/28/2021 12:39 PM

Property Details for 10974 South Figueroa Street

StatusSold
MLS #20-593908
Days on Market136
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.16 AC / 6,783 SF
CountyLos Angeles County

Location

Listing Courtesy of Clement Partners Real Estate, Jordan Peikin, DRE #02015987

Sold By Charles McMillan, Charles McMillan, DRE #01155797

Add your commute

Building Information for 10974 South Figueroa Street

Stories2Residences-Year Built1958Building Size-Lot Size0.16 AC / 6,783 SF

Payment Calculator

$11,831 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,324

Property Taxes

$507

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 10974 South Figueroa Street

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $167,853
  • Net Operating Income: $117,411.00
  • Gross Income: $173,016
  • Cap Rate: 5.66%
  • Gross Rent Multiplier: $11.99
  • Actual Annual Gross Rent: $172,116.00
  • Other Income1: $172,116.00
  • Laundry Income: $900
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 50442
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: Yes
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.156
  • Lot Size Square Feet: 6783
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 11
  • Open Other Spaces Total: 11
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Equipment: Dryer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Washer
  • Laundry: Community
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-30-2020
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,279.00
  • Unit Actual Rent: $7,671.00
  • Unit Projected Rent: $10,950.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,668.00
  • Unit Actual Rent: $6,672.00
  • Unit Projected Rent: $6,672.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $88,310.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $353,249.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $441,559.00

Property History for 10974 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 10974 South Figueroa Street

Taxable ValueLand$367,261Additions$36,414Total$403,675
Tax Record2023$6,085 ($507 / month)
Home Facts
Beds0Lot Size1,381 SqFtStyleResidentialZoningLARD1.5CountyLOS ANGELESAPN6075-032-032

Schools near 10974 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.

Similar Homes

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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 Clement Partners Real Estate, Jordan Peikin, DRE #02015987

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.