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    10409 S Figueroa Street

    Los Angeles (City), CA 90003
    • $589,000
    • STATUS: Active
    • ON SITE: 86 days
    • ID#: 21695732
    UPDATED: 41 min ago
    $589,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,359
      SQFT
    • $433
      $/SQFT
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    7% CAP RATE! Unheard of in LA and cash flowing opportunity for investors with both units Section 8 approved generating $3,830 monthly gross income. This is a centrally located income producing property with LAC2 zoning. Both units have been recently remodeled. Updated kitchens, electrical, and copper plumbing. Tile flooring throughout communal areas with laminate flooring in the bedrooms. 3 bed/2 bath back unit features remodeled kitchen with stainless steel appliances. Front unit is of similar style and consists of 1 bed/1 bath. Large driveway with room for RV and possibly up to 5 cars. Owner pays only water and units are separately metered for electricity and gas. Tenant pays electricity, gas, and trash. Convenient access to USC, YMCA, public transportation, shopping, and the 110 and 105 freeways while being just moments away from the new home of the Rams and state of the art entertainment venue SoFi Stadium!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-18T00:36:17.987. 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 deemed reliable but is not guaranteed accurate by the MLS or Zutila, Inc.. Licensed in the State of California, USA.
    www.myorangecountyhomesearcher.com/homes/114383708
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    10409 S Figueroa Street Los Angeles (City), CA 90003

    • Price: $589,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: 21695732
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1,359
    SQFT
    $433
    $/SQFT
    1940
    Built
    Neighborhood:
    C36 - Metropolitan Southwest
    County:
    Los Angeles
    Area:
    C36 - Metropolitan Southwest
    Property Description
    7% CAP RATE! Unheard of in LA and cash flowing opportunity for investors with both units Section 8 approved generating $3,830 monthly gross income. This is a centrally located income producing property with LAC2 zoning. Both units have been recently remodeled. Updated kitchens, electrical, and copper plumbing. Tile flooring throughout communal areas with laminate flooring in the bedrooms. 3 bed/2 bath back unit features remodeled kitchen with stainless steel appliances. Front unit is of similar style and consists of 1 bed/1 bath. Large driveway with room for RV and possibly up to 5 cars. Owner pays only water and units are separately metered for electricity and gas. Tenant pays electricity, gas, and trash. Convenient access to USC, YMCA, public transportation, shopping, and the 110 and 105 freeways while being just moments away from the new home of the Rams and state of the art entertainment venue SoFi Stadium!
    Exterior Features

    Parking Features DrivewayGarageRv PotentialTandem

    Interior Features

    Heating Forced Air Heating YN Yes

    Property Features

    Buyer Financing CashConventionalFha Garage YN Yes Gross Income 45960 Insurance Expense 1100 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 38400 New Taxes Expense 5100 Other Expense 160 Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 3830 Vacancy Allowance Rate 0 Water Sewer Expense 1200 Zoning Lac2

    Listing provided courtesy of Negin Stern of Lemark Realty and Pui Ching Tsui of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-18T00:36:17.987. 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 deemed reliable but is not guaranteed accurate by the MLS or Zutila, Inc.. Licensed in the State of California, USA.
     
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