Los Angeles, CA 90061,11116 S Figueroa ST
Los Angeles, CA 90061,11116 S Figueroa ST
Los Angeles, CA 90061,11116 S Figueroa ST
Los Angeles, CA 90061,11116 S Figueroa ST
Los Angeles, CA 90061,11116 S Figueroa ST
Los Angeles, CA 90061,11116 S Figueroa ST
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$1,200,000

$1,300,000

7.7%
Est.Price: ?

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Est. payment /mo

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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California Regional MLS (CRMLS)
Listed by Sean Rosenzweig • Marcus & Millichap
Bought with Tammy Phan Vo • Lifetime Realty Inc
agent-avatar

+1(951) 225-2964

dillon@dillonhallrealtor.com

27465 Jefferson Ave, Temecula, California, 92590

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