10974 S Figueroa StreetLos Angeles, CA 90061

Description

10974 S. Figueroa Street, Los Angeles, CA 90061 presents a 10-unitmultifamily investment opportunity located on a corner parcel in a strong rental corridor of Los Angeles. Constructed in 1958, the property consists of six (6) 1-bedroom / 1-bathroom units and four (4) 2-bedroom / 1-bathroomunits, offering a desirable and balanced unit mix that appeals to abroad tenant base. The building contains approximately 5,374 rentable square feet and sits on a 6,783 square foot lot. The property is currently not fully stabilized, with three vacant units one (1) 1-bedroom / 1-bathroom unit and two (2)2-bedroom / 1-bathroom units providing an immediate opportunity for anew owner to lease the units at market rents and increase the property's income. Tenant convenience is supported by ample gated and secured on-site parking, an important amenity that enhances tenant appeal and retention. With its corner lot location, practical unit mix, and near-term income upside through leasing of the vacant units, the property presents a compelling value-add opportunity for investors seeking both current income and future growth in a Los Angeles rental market.

Property Information

Property type

Residential Income

Year built

1958

Stories

2

Living area

5,356 Sq Ft

Lot size

0.16 acres

Parking spaces

11

Zoning

LARD1.5

Days on market

244

MLS^® Listing#

26660717

Property Features

Interior

Ceiling Fan(s)

Appliances

Disposal · Refrigerator

Heating

Wall Furnace

Pool

None

Laundry

Common Area

Patio

None

Construction

Stucco

Foundation

Raised

Roof

Shingle

Financial Details

HOA

None

Parcel number

6075032033

Directions

Convenient access to major freeways. From the I-110 (Harbor Fwy), exit Imperial Hwy and head east, then turn north on S. Figueroa St to the property. Property is located on S. Figueroa St near the I-105/I-110 interchange.