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8823 Figueroa Street
Los Angeles, CA 90003
Sold
8823 Figueroa Street
Los Angeles, CA 90003
Sold
2003 CONSTRUCTION- NO LA RENT CONTROL | 2 VACANCIES! | LARGE 3 BED, 2.5 BATH TOWNHOUSE UNITS. This modern 4-unit apartment building was constructed in 2003, and has NO LA City Rent Control.Spanning a total building size of 5,424 sqft on a 6,214 sqft lot, each of the four townhouse-style units features three spacious bedrooms and two and a half bathrooms. Two of these units are currently vacant, offering immediate occupancy or rental potential. Each unit is allocated four parking spaces, including a two-car garage and a carport, totaling sixteen parking spaces for the entire property. The LAC2 zoning adds another layer of value to this versatile investment.This property boasts several modern conveniences, including central air conditioning, all copper plumbing, and a newer roof, ensuring long-term durability and tenant comfort. Each unit is separately metered for utilities, providing a hassle-free management experience. The gated entrance enhances security and privacy, while washer and dryer hookups in every unit add a layer of convenience for tenants.This property is especially attractive for Section 8 voucher holders, allowing savvy investors to command high rents. Currently, the property operates at a 6.68% Cap Rate and a 9.90 GRM, highlighting its strong investment potential. Don't miss out on this rare opportunity to own a well-maintained, high-potential property in a desirable area of South Los Angeles. Please do not disturb the tenants. Drive-by only.
PROPERTY INFORMATION
| MLS # | 24412851 | Lot Size | 6,214 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,500,000
Price Per SqFt: $ 277 |
DOM | 299 Days |
| Address | 8823 Figueroa Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 5,424 Sq. Ft. |
| Postal Code | 90003 | Garage | 8 |
| County | Los Angeles | Year Built | 2003 |
| Bed / Bath | 12 / 0 | Parking | 16 |
| Built In | 2003 | Status | Closed |
| Sold Date | 2024-09-12 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Stackable |
| Has Appliances | Yes |
| Has Heating | Yes |
| Heating Information | Central |
| Has Cooling | Yes |
| Cooling Information | Central Air |
| SecuritySafety | Gated Community |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,600
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 07/09/2024 | Listed | $1,500,000 |
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Listing provided courtesy of Chase Simonton, RE/MAX One. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
