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    10409 S Figueroa St

    Los Angeles, CA 90003
    • $589,000
    • STATUS: Active
    • ON SITE: 82 days
    • MLS #: 21-695732
    $589,000
    • 4
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,359
      SQFT
    • $433
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    7% CAP RATE! Unheard of in LA and cash flowing opportunity for investors with both units Section 8 approved generating $3,830 monthly gross income. This is a centrally located income producing property with LAC2 zoning. Both units have been recently remodeled. Updated kitchens, electrical, and copper plumbing. Tile flooring throughout communal areas with laminate flooring in the bedrooms. 3 bed/2 bath back unit features remodeled kitchen with stainless steel appliances. Front unit is of similar style and consists of 1 bed/1 bath. Large driveway with room for RV and possibly up to 5 cars. Owner pays only water and units are separately metered for electricity and gas. Tenant pays electricity, gas, and trash. Convenient access to USC, YMCA, public transportation, shopping, and the 110 and 105 freeways while being just moments away from the new home of the Rams and state of the art entertainment venue SoFi Stadium!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-13T23:42:28.803. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/114381757
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    10409 S Figueroa St Los Angeles, CA 90003

    • Price: $589,000
    • Status: Active
    • MLS #: 21-695732
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    1,359
    SQFT
    $433
    $/SQFT
    1940
    Built
    Neighborhood:
    Metropolitan Southwest
    County:
    Los Angeles
    Area:
    Metropolitan Southwest
    Property Description
    7% CAP RATE! Unheard of in LA and cash flowing opportunity for investors with both units Section 8 approved generating $3,830 monthly gross income. This is a centrally located income producing property with LAC2 zoning. Both units have been recently remodeled. Updated kitchens, electrical, and copper plumbing. Tile flooring throughout communal areas with laminate flooring in the bedrooms. 3 bed/2 bath back unit features remodeled kitchen with stainless steel appliances. Front unit is of similar style and consists of 1 bed/1 bath. Large driveway with room for RV and possibly up to 5 cars. Owner pays only water and units are separately metered for electricity and gas. Tenant pays electricity, gas, and trash. Convenient access to USC, YMCA, public transportation, shopping, and the 110 and 105 freeways while being just moments away from the new home of the Rams and state of the art entertainment venue SoFi Stadium!
    Exterior Features

    Lot Size Area 2981 Other Structures None Parking Garage DrivewayRv PossibleTandem Total Parking 5

    Interior Features

    Baths Total 3.00 Cooling Ceiling Fan Equipment Range/Oven Heating Forced Air Laundry In Unit

    Property Features

    Assessed Total Value 315843 Gross Income 45960 Gross Operating Income 45960 Insurance Expense 1100.00 Like Units1 1 Like Units2 1 Net Operating Income 38400.00 Number Of Buildings 2 Number Of Units 2 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays ElectricityGas Total Annual Expense 7560 Type Of Units Duplex Water Expense 1200.00 Year Built Source Vendor Enhanced Zoning Lac2

    Listing provided courtesy of Negin Stern DRE#01729055 of Lemark Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-13T23:42:28.803. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    74199 El Paseo, Suite 200
    Palm Desert CA, 92260