8823 Figueroa Street, Los Angeles
Los Angeles Home For Sale
2003 CONSTRUCTION- NO LA RENT CONTROL | 2 VACANCIES! | LARGE 3 BED, 2.5 BATH TOWNHOUSE UNITS. This modern 4-unit apartment building was constructed in 2003, and has NO LA City Rent Control.Spanning a total building size of 5,424 sqft on a 6,214 sqft lot, each of the four townhouse-style units features three spacious bedrooms and two and a half bathrooms. Two of these units are currently vacant, offering immediate occupancy or rental potential. Each unit is allocated four parking spaces, including a two-car garage and a carport, totaling sixteen parking spaces for the entire property. The LAC2 zoning adds another layer of value to this versatile investment.This property boasts several modern conveniences, including central air conditioning, all copper plumbing, and a newer roof, ensuring long-term durability and tenant comfort. Each unit is separately metered for utilities, providing a hassle-free management experience. The gated entrance enhances security and privacy, while washer and dryer hookups in every unit add a layer of convenience for tenants.This property is especially attractive for Section 8 voucher holders, allowing savvy investors to command high rents. Currently, the property operates at a 6.68% Cap Rate and a 9.90 GRM, highlighting its strong investment potential. Don't miss out on this rare opportunity to own a well-maintained, high-potential property in a desirable area of South Los Angeles. Please do not disturb the tenants. Drive-by only.
Property Details
Additional Information
-
- City:
- Los Angeles
-
- County:
- Los Angeles
-
- Zip:
- 90003
-
- MLS® #:
- 24412851
-
- Bedrooms:
- 12
-
- Bathrooms:
- 8
-
- Square Ft:
- 5,424
-
- Lot Size:
- 0.14
-
- Levels:
- Two
-
- Garages:
- 8
-
- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of July 13th, 2024 at 8:50am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.