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Listing Courtesy Of: Remax Commercial and Investment Realty, 213-817-1000, Enrique Viramontes
Listing Sold By: Remax Commercial and Investment Realty
Local Realty Services Provided By: Keller Williams Realty Larchmont
US / CA / Los Angeles / Vermont Vista Central / 10507 S Figueroa St
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US / CA / Los Angeles / Vermont Vista Central / 10507 S Figueroa St
10507 S Figueroa St, Los Angeles, CA 90003
16 Beds
16 Baths
sq ft
ac
US / CA / Los Angeles / Vermont Vista Central / 10507 S Figueroa St

10507 S Figueroa St, Los Angeles, CA 90003

Estimation provided by Keller Williams Realty, LLC.
16 Beds
16 Baths
sq ft
ac
Sold
Sold
Open House:
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Property Description

Introducing, for the first time on market in over 20 years, the opportunity to purchase 10507 and 10511 S Figueroa Street. This investment opportunity consists of 16 one bedroom + one bath units and is priced to sell at only $139,000/unit and a 9.75 GRM at current numbers. Tenants enjoy onsite parking and a close proximity to the 110 and 105 freeways. The economics of the offering show immediate returns at the current income level. However, with market rents continuing in an upward trend, an aggressive management approach may realize a significant upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historically low vacancy rates and consistent rent growth over the same period. Section 8 vouchers are currently $2,172 for 1-bedroom units.

Property Details

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Overview
Property Type
Residential Income
Property Size
sq ft
Year Built
1956
Days on Site
188 Days
HVAC
Cooling: Wall/Window, Heating: Wall
Parking
16 Parking Spaces
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Activity History

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SHARES
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Upcoming Open Houses
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Credit Score
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Nearby Schools

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Transit & Commute

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Car-Dependent Walkable Very Walkable
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