7407 South Figueroa Street

Los Angeles, CA 90044

$699,999
Price
3
Beds
4
Baths
2,415 Sq. Ft.
$290 / Sq. Ft.
2,415
Sq. Ft.
$290
per Sq. Ft.

Description

Discover potential in the heart of Los Angeles at 7407 S Figueroa St, CA 90003 - a two unit property with 3 bedrooms and 2 bathrooms in each unit. While these apartments hold promise, it does require some tender loving care (TLC). This presents a unique opportunity for those looking to invest in a property that allows for personalization and improvement. Take advantage of the prime location, urban convenience, and make this your canvas for creating a stylish and comfortable haven. Don't mis the chance...Discover potential in the heart of Los Angeles at 7407 S Figueroa St, CA 90003 - a two unit property with 3 bedrooms and 2 bathrooms in each unit. While these apartments hold promise, it does require some tender loving care (TLC). This presents a unique opportunity for those looking to invest in a property that allows for personalization and improvement. Take advantage of the prime location, urban convenience, and make this your canvas for creating a stylish and comfortable haven. Don't mis the chance to turn this property into a gem with your personal touch!
  1. Listed by Esteban Contreras • DRE #01975384 • Brokerage DRE #02223453 • Central Valley Property Advisors • 661-617-0074

Property Details for 7407 South Figueroa Street

Parking Spaces Total
0
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Detached
Lot Size Source
Public Records
Living Area
2415
Assessor Parcel Number
6020-024-013

Location

Listing Courtesy of Central Valley Property Advisors, Esteban Contreras, DRE #01975384
Add your commute
LISTING UPDATED: 03/29/2024 03:53 AM

Property Details for 7407 South Figueroa Street

StatusActive
MLS #MD24027009
Days on Market84
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.14 AC / 6,240 SF
CountyLos Angeles County

Location

Listing Courtesy of Central Valley Property Advisors, Esteban Contreras, DRE #01975384
Add your commute

Building Information for 7407 South Figueroa Street

Stories1Residences-Year Built1947Building Size-Lot Size0.14 AC / 6,240 SF

Payment Calculator

$4,291 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,820

Property Taxes

$471

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7407 South Figueroa Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $43,020
  • Gross Scheduled Income: $43,020
  • Net Operating Income: $18,807
  • Cap Rate: 2.7
Expense Details
  • Operating Expense: $13,265
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $708
  • Trash Expense: $3,480
  • Water Sewer Expense: $3,480
  • Total Expenses: $13,265
Tax / Assessment Info
  • Tax Rate: 1.25
  • Tax Tract Number: 237710
  • CFD/Mello-Roos Fee: $10,188
  • Tax Lot: 124
Community / Development
Community / Development
  • Community Features: Sidewalks, Urban
Property / Structure Info
Interior Features
  • Appliances: 6 Burner Stove, Gas Oven
  • Equipment: Gas Or Electric Dryer Hookup
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Natural Gas
  • Heat Source: Natural Gas
  • Heating: Natural Gas
  • Flooring: Tile
Exterior Features
  • Entry Location: S Figueroa St
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,585
  • Unit Type Total Rent: $3,585
  • Unit Type Pro Forma: 6200
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 7407 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 7407 South Figueroa Street

Taxable ValueLand$300,215Additions$128,663Total$428,878
Tax Record2023$5,656 ($471 / month)
Home Facts
Total Finished SqFt2,415 SqFtAbove Grade Finished SqFt2,415 SqFtLot Size6,240 SqFtStyleDuplexYear Built1947ZoningLAC2CountyLOS ANGELESAPN6020-024-013

Schools near 7407 South Figueroa Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 4
Rating
School
Distance
Mary Mcleod Bethune Middle School
Public7 to 8

KIPP Empower Academy
CharterK to 4

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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7407 South Figueroa Street is a multi-family home for sale in Los Angeles, CA 90044. This property was listed for sale on February 6, 2024 by Central Valley Property Advisors, it's currently listed at $699,999. It has been on the market for a total of 84 days and was last sold on February 27, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Gerald A. Lawson Academy Of The Arts, Mathematics And Science, Mary Mcleod Bethune Middle School and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 7407 South Figueroa Street is a 3-bed, 4-bath, 2,415 sqft multi-family home built in 1947.

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 Central Valley Property Advisors, Esteban Contreras, DRE #01975384

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.