$1,200,000
$1,300,000
7.7%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
4 Baths
4,800 SqFt
SOLD DATE : 09/18/2024
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $250
MLS Listing ID 24408537
Sold Date 09/18/24
Bedrooms 12
HOA Y/N No
Year Built 2001
Lot Size 5,972 Sqft
Lot Dimensions Assessor
Property Description
*DO NOT DISTURB TENANTS. We are pleased to offer for sale a four-unit apartment community located at 11116 South Figueroa Street. The subject property is located on Figueroa Street just north of the 105 Freeway. The building is located in South LA right next to the Westmont submarket. This location offers easy access to the best of South LA, including Sofi Stadium, Intuit Dome, USC/ North University Park, the LA Coliseum & more. Being in close proximity to major transit corridors, tenants can conveniently access employment centers, retail & entertainment throughout the city. Situated on two contiguous lots across a 5,974 square foot parcel, the property is comprised entirely of three-bedroom units. The property was constructed in 2001, so it is not subject to City of Los Angeles rent control, only subject to AB 1482 State Rent Control. Two units will be delivered vacant allowing new ownership to immediately renovate in order to achieve market rental rates. 11116 S Figueroa presents investors with a unique opportunity to acquire an asset in a South Los Angeles that is a short distance to the most attractive thoroughfare in the submarket, which will support continued rental growth & gentrification for a new investor who is looking to capitalize on the value-add potential this asset offers. *The Property Consists of 2 Parcels, Both Parcels are Included in the Sale (6075-030-016 & 6075-030-017)
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LARD1.5
Interior
Fireplace No
Exterior
Garage Uncovered
Parking Type Uncovered
Total Parking Spaces 8
Building
Story 2
Entry Level Two,Multi/Split
Level or Stories Two, Multi/Split
New Construction No
Others
Senior Community No
Tax ID 6075030016
Special Listing Condition Standard
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Bought with Tammy Phan Vo • Lifetime Realty Inc