10507 S Figueroa Street

Los Angeles, CA 90003

  • 16 Bed(s)
  • 0 Bath(s)
  • 9,760 Sqft
  • 10432
    Sqft(Lot)
$2,225,000

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 Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48353091

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Property Details

  • Bedroom Information

    • Total Bedrooms : 16

    Bathroom Information

    • Total Baths: 16
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1956
    • Building Area Total: 9,760

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2395
    • Lot Size Source: Other
    • Lot Size Square Feet: 10432

  • Listing Price Information

    • Original List Price: 2,225,000
    • Listing Contract Date: 2025-01-16

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 6061025026

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C36 - Metropolitan Southwest
    • Postal Code Plus 4: 4446
    • Directions: Located on S Figueroa St, south of Century Blvd
    • Zoning: LAC2
    • Source Property Type: Residential Income
    • Area: C36 - Metropolitan Southwest

    Building and Construction

    • Property Age: 69
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 9760
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 05/14/2025 @ 15:11

  • MLS: 25484617
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 16 bedrooms which is for sale, it has 9,760 sqft, 10,432 sized lot, and 0 parking. are nearby neighborhoods.