11116 S Figueroa Street
Los Angeles, CA, 90061
$1,300,000
Beds
0 Baths
SqFt
0.14 Acres
Add
*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)

Property Details

Price:
$1,300,000
MLS #:
24408537
Status:
Active
Baths:
0
Address:
11116 S Figueroa Street
Type:
Residential Income
Neighborhood:
c36metropolitansouthwest
City:
Los Angeles
Listed Date:
Jun 26, 2024
State:
CA
ZIP:
90061
Lot Size:
5,974 sqft / 0.14 acres (approx)
Year Built:
2001
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Exterior

Parking Features
Uncovered
Parking Spots
8.00
Stories Total
2

Financial

Map

Community

Similar Listings Nearby

11116 S Figueroa Street
Los Angeles, CA