860 Figueroa Terrace

Los Angeles, CA 90012

$1,150,000
Last Sold Price
14
Beds
9
Baths
5,954 Sq. Ft.
$193 / Sq. Ft.
5,954
Sq. Ft.
$193
per Sq. Ft.

Description

Located in LA's Chinatown neighborhood, just north of DTLA and less than 1 mi from the Metro Gold Line's Union Station. With it's rich history and many lively events and attractions, Chinatown is an emerging market with major development projects, such as the 32 Acre Los Angeles State Historic Park Project and mega mixed-use College Station complex, happening in the immediate area. Units feature hardwood or laminate wood flooring. Separately metered for gas and electric, this building also offers...Located in LA's Chinatown neighborhood, just north of DTLA and less than 1 mi from the Metro Gold Line's Union Station. With it's rich history and many lively events and attractions, Chinatown is an emerging market with major development projects, such as the 32 Acre Los Angeles State Historic Park Project and mega mixed-use College Station complex, happening in the immediate area. Units feature hardwood or laminate wood flooring. Separately metered for gas and electric, this building also offers 5 overhanging storage units, as well as, on-site laundry facilities that provides additional income. The property also features on-site The property also features on-site parking, 5 carports spaces and 1 two-car garage.car garage. This asset provides an investor with not only a value-add opportunity that can yield significant rental upside, but also an rare opportunity to acquire a property in a desirable market with minimal available inventory.

Property Details for 860 Figueroa Terrace

Zoning
LAR4
Parcel Number
5406028007
Total Units
7.0
Living Area
5954
Source Living Area
Vendor Enhanced
Area
Silver Lake (671)
Vacancy Rate
2.6%
Lot Size Area
6742

Location

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750

Sold By KO TAI REALTY, HELEN FANN, DRE #01466527

Add your commute
LISTING UPDATED: 05/05/2023 09:43 AM

Property Details for 860 Figueroa Terrace

StatusSold
MLS #16-122772
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1970
Lot Size0.15 AC / 6,742 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750

Sold By KO TAI REALTY, HELEN FANN, DRE #01466527

Add your commute

Building Information for 860 Figueroa Terrace

Stories3Residences-Year Built1970Building Size-Lot Size0.15 AC / 6,742 SF

Payment Calculator

$7,662 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,276

Property Taxes

$1,386

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 860 Figueroa Terrace

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: No
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $81,300
  • Net Operating Income: $35,894.00
  • Gross Income: $34,494
  • Cap Rate: 2.87%
  • Gross Rent Multiplier: $15.55
  • Total Annual Expense: 43315
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 6742
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Carport Attached, Garage - 2 Car
  • Total Parking: 7
  • Parking Features: Attached Carport, Garage - Two Door
  • Attached Garage: Yes
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: See Remarks
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 05-06-2016
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,930.00
  • Unit Actual Rent: $4,930.00
  • Unit Projected Rent: $9,500.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,770.00
  • Unit Actual Rent: $1,770.00
  • Unit Projected Rent: $4,100.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $271,025.00
  • Assessed Land Value: $108,404.00

Property History for 860 Figueroa Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 860 Figueroa Terrace

Taxable ValueLand$669,309Additions$613,534Total$1,282,843
Tax Record2023$16,634 ($1,386 / month)
Home Facts
Total Finished SqFt5,954 SqFtAbove Grade Finished SqFt5,954 SqFtLot Size6,842 SqFtStyleMulti-Family Res (5+ Units)Year Built1970ZoningLAR4CountyLOS ANGELESAPN5406-028-007

Schools near 860 Figueroa Terrace

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 7
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Castelar Street Elementary School
PublicK to 7

Edward R. Roybal Learning Center
Public9 to 12

Miguel Contreras Learning Complex School
Public9 to 12

Belmont 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 Marcus & Millichap, Neema Ahadian, DRE #01346750

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.