*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
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Parking Features
Uncovered
Parking Spots
8.00
Stories Total
2
Financial
Map
Community
- Address11116 S Figueroa Street Los Angeles CA
- AreaC36 – Metropolitan Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90061
Similar Listings Nearby
- 1229 W Gage Avenue
Los Angeles, CA$1,690,000
3.44 miles away
- 15906 Halldale Avenue
Gardena, CA$1,650,000
3.48 miles away
- 4062 W 130th Street
Hawthorne, CA$1,650,000
4.76 miles away
- 701 S Grevillea Avenue
Inglewood, CA$1,650,000
4.43 miles away
- 432 W 107th Street
Los Angeles, CA$1,650,000
0.32 miles away
- 735 E 82nd Street
Los Angeles, CA$1,649,500
2.42 miles away
- 851 E 76th Place
Los Angeles, CA$1,649,500
2.84 miles away
- 11226 S Figueroa Street
Los Angeles, CA$1,625,000
0.15 miles away
- 6607 Brynhurst Avenue
Los Angeles, CA$1,600,000
4.27 miles away
- 16307 Gramercy Place
Gardena, CA$1,599,990
3.99 miles away
Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
11116 S Figueroa Street
Los Angeles, CA
LIGHTBOX-IMAGES