4555 North Figueroa Street

Los Angeles, CA 90065

$2,650,000
Last Sold Price
15
Beds
15
Baths
7,997 Sq. Ft.
$331 / Sq. Ft.
7,997
Sq. Ft.
$331
per Sq. Ft.

Description

The property boasts a phenomenal unit mix of 7 studios, 7 one bedroom/one bath units, and one 1+1 single family home. Common area amenities include an oversized parking lot, laundry room, and an abundance of open landscaped common area. A prime location and true value add deal is being offered at $3,450,000. Currently a 4.67% cap rate and a GRM of 14.65 with a pro forma cap rate of 6.92% and a GRM of 10.85. Three units will be delivered vacant including a private single family home. The rental income...The property boasts a phenomenal unit mix of 7 studios, 7 one bedroom/one bath units, and one 1+1 single family home. Common area amenities include an oversized parking lot, laundry room, and an abundance of open landscaped common area. A prime location and true value add deal is being offered at $3,450,000. Currently a 4.67% cap rate and a GRM of 14.65 with a pro forma cap rate of 6.92% and a GRM of 10.85. Three units will be delivered vacant including a private single family home. The rental income is approximately 35% below fair market value.
  1. Listed by Daniel Hirth • DRE #01515796 • Brokerage DRE #01854200 • Keller Williams-Santa Monica

Property Details for 4555 North Figueroa Street

Zoning
LARD1.5
Parcel Number
5467009005
Total Units
15.0
Living Area
7997
Source Living Area
Other
Area
Highland Park (632)
Vacancy Rate
2%
Lot Size Area
16950

Location

Listing Courtesy of Keller Williams-Santa Monica, Daniel Hirth, DRE #01515796

Sold By Keller Williams-Santa Monica, Daniel Hirth, DRE #01515796

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LISTING UPDATED: 04/09/2021 10:02 AM

Property Details for 4555 North Figueroa Street

StatusSold
MLS #19-529836
Days on Market132
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1908
Lot Size0.39 AC / 16,950 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams-Santa Monica, Daniel Hirth, DRE #01515796

Sold By Keller Williams-Santa Monica, Daniel Hirth, DRE #01515796

Add your commute

Building Information for 4555 North Figueroa Street

Stories2Residences-Year Built1908Building Size-Lot Size0.39 AC / 16,950 SF

Payment Calculator

$17,370 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,462

Property Taxes

$2,908

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4555 North Figueroa Street

Community / Development
Community / Development
  • Number Of Units: 15
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 2
  • Number Of Buildings: 4
  • Type Of Units: S/1, 1/1
  • Direction Faces: North
Contract Info
Contract Info
  • Disclosures: As Is, Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $230,778
  • Net Operating Income: $161,165.00
  • Gross Income: $235,488
  • Cap Rate: 4.67%
  • Gross Rent Multiplier: $14.65
  • Laundry Income: $175
  • Total Annual Expense: 69613
  • Trash Expense: $8,317.00
  • Tax Expense: $43,125
  • Gardener Expense: $2,100
  • Insurance Expense: $6,071
  • Management Expense: $6,000.00
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Size Square Feet: 16950
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Oversized
  • Total Parking: 10
  • Parking Features: Oversized
Interior Features
Interior Features
  • Cooling: N/K
  • Cooling Type: None
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • Construction MVO: Frame and Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-13-2019
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,032.00
  • Unit Actual Rent: $7,223.00
  • Unit Projected Rent: $9,765.00
  • Like Units: 7
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,404.00
  • Unit Actual Rent: $9,831.00
  • Unit Projected Rent: $13,965.00
  • Like Units: 7
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,395.00
  • Unit Actual Rent: $2,395.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $128,442.00
  • Assessed Land Value: $235,973.00

Property History for 4555 North 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 4555 North Figueroa Street

Taxable ValueLand$1,508,580Additions$1,250,140Total$2,758,720
Tax Record2023$34,896 ($2,908 / month)
Home Facts
Total Finished SqFt7,997 SqFtAbove Grade Finished SqFt7,997 SqFtLot Size16,950 SqFtStyleMulti-Family Res (5+ Units)Year Built1908ZoningLARD1.5CountyLOS ANGELESAPN5467-009-005

Schools near 4555 North Figueroa Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 6 to 12
Public - 9 to 12
Rating
School
Distance
Latona Avenue Elementary School
PublicK to 6

Florence Nightingale Middle School
Public6 to 8

Benjamin Franklin Senior High School
Public6 to 12

Abraham Lincoln Senior High School
Public9 to 12

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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Similar Sold 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 Keller Williams-Santa Monica, Daniel Hirth, DRE #01515796

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.