5606 S Figueroa ST
Los Angeles, CA, 90037
$1,695,000
1 Beds
16 Baths
9,090 SqFt
0.14 Acres
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MLS #26846351 image #0
PRICE REDUCTION! 16-Unit Value-Add Investment Opportunity in South Los Angeles presenting a rare opportunity to acquire a 16-unit multifamily property in the heart of South Los Angeles, offering strong in-place cash flow and significant upside potential. The property is currently operating at a 7.9% CAP Rate and is offered at an attractive 7.22 GRM, providing investors with an excellent combination of current income and future value growth. Offered at a low $186 per square foot, this asset presents an attractive basis compared to many competing multifamily properties in the Los Angeles market. The property consists of large studio units, each offering approximately 500 square feet or more of living space, a highly desirable feature that continues to attract tenants seeking affordable yet spacious housing options.Several units have already been renovated and remodeled, demonstrating the property’s ability to achieve higher market rents. These upgraded units provide a clear blueprint for future ownership to continue enhancing the remaining units and capturing additional rental upside. Through strategic renovations and improved management, investors have the opportunity to further increase income and maximize the property’s overall value. Ideally located near some of Los Angeles’ most notable destinations, the property offers residents convenient access to Downtown Los Angeles, BMO Stadium, USC, and Exposition Park. These major employment, educational, entertainment, and cultural hubs contribute to strong rental demand and long-term occupancy stability. The property also benefits from excellent transportation access, with major freeways and transportation corridors nearby, allowing residents to conveniently commute throughout Los Angeles County. This accessibility further enhances the property’s appeal to working professionals, students, and long-term renters. Situated in a “Very Walkable” location with a Walk Score of 76, residents enjoy easy access to neighborhood-serving retail, restaurants, grocery stores, cafes, and a variety of commercial services. The convenience of nearby amenities creates a desirable living environment that supports tenant retention and rental growth. With strong current returns, proven rental upside, spacious unit layouts, and a highly desirable location, this 16-unit apartment community represents an outstanding value-add investment opportunity in one of Southern California’s most dynamic rental markets. Whether for immediate cash flow or long-term appreciation, this property offers investors the opportunity to capitalize on the continued growth and demand throughout South Los Angeles

Property Details

Price:
$1,695,000
MLS #:
26846351
Status:
Active
Beds:
1
Baths:
16
Type:
Single Family
Neighborhood:
c42downtownla
Listed Date:
Jun 12, 2026
Finished Sq Ft:
9,090
Total Sq Ft:
9,090
Lot Size:
6,077 sqft / 0.14 acres (approx)
Year Built:
1927
C42 – Downtown L.a.C42downtownla

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Schools

Interior

Cooling
None
Heating
None
Levels
Multi/Split

Exterior

Parking Features
None

Financial

Gross Operating Income
$228,901
Net Operating Income
$125,968

Map

Community

Market Summary

Current real estate data for Single Family in Los Angeles as of Oct 31, 2026
5,553
Single Family Listed
96
Avg DOM
518
Avg $ / SqFt
$1,943,893
Avg List Price

Property Summary

    5606 S Figueroa ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90037. It is listed for $1,695,000 and features 1 beds, 16 baths, and has approximately 9,090 square feet of living space, and was originally constructed in 1927. The current price per square foot is $186. The average price per square foot for Single Family listings in Los Angeles is $518. The average listing price for Single Family in Los Angeles is $1,943,893.

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