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1053 Figueroa Terrace

Los Angeles, CA 90012

– beds
– baths
– sqft
7,428 sqft lot
1992 build
– on site

Presenting attractive 1992 custom-built 5-units, with a large & private townhouse style owner’s front unit w/ beautiful city view & a 2-car attached garage w/ direct access to the unit.Offering 6.1% Cap Rate. Stable & below market income w/plenty of upside potential and possibility to convert some space to ADU’s for additional income (buyer to investigate feasibility, seller makes no guarantees & warranties). Located close to iconic Chinatown, booming Echo Park & Silverlake areas of DTLA & positioned strategically & conveniently near freeways, Metro Line, Union Station,Bus routes & near LA's financial district,LA Fashion & Arts ..etc.It is also near the Music Center, Disney Concert Hall, Broad Museum and other downtown attractions. This property offers an excellent opportunity for the discerning homeowner or investors to secure a true value-added asset in a highly coveted area. Surrounding neighborhood boasts large future development projects & many existing condominiums valued at $1 million or more. Comprising three stories with a total building size of 7,658 sq.ft. per assessor, all units are spacious & the apartment complex boasts a desirable unit mix including the owner’s unit measured approx. 2,641sq ft. (freshly painted & newly carpeted & a new dishwasher) w/ 3-bedroom, 3.5-bathroom & an office/den w/ closets (could be a 4th bedroom), two walk-in closets, kitchen range & wok stove, large recreation room, laundry room & ample storage closets/rooms. The remaining four units is an ideal mix of two spacious 3-bedroom, 2-bathroom units & two good-sized 2-bedroom, 1-bathroom units. New roof & sky light by close of escrow. Each unit has individual water heaters & separate meters for gas and electricity. Owner unit will be available upon COE and the other 4 units are rented to tenants on month-to-month leases. Rent comparable reports indicate a positive upside in rent & added investment potential as units turn over. Property is not under city rent control ordinance (RSO), but subject to State Rent Control & just caused ordinance (JCO). Buyer to investigate, seller makes no guarantees and no warranties. Ample parking includes 3 covered spaces, 5 open parking spaces and a 2-car attached garage for the owner unit. Residents benefit from an array of culinary delights, cultural experiences, and artistic exhibitions open for all. Now is the time to seize this exceptional offering in one of Los Angeles' most dynamic and sought-after neighborhoods

Listed By CRMLS_CA / YAN CHOW / RE/MAX PREMIER/SANMARINO / 626-807-6800

Last checked: Checking… • Last updated Feb 16, 2025 •

MLS# WS24254754 —

The Building

Year Built:

1992
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Drywall Walls
Building Area Total:

7658.00
Building Area Units:

Square Feet
Total Number Of Units:

5
# of Buildings:

1
Architectural Style:

Custom Built
Roof:

Flat, Mixed, Shingle, Tile
Exterior Features:

Rain Gutters
Stories Total:

3
Entry Level:

1
Common Walls:

2+ Common Walls
Faces:

South
# of Separate Gas Meters:

5
# of Separate Electric Meters:

5

Interior

Features:

Balcony, Living Room Balcony, Storage
Entry Location:

front
Window Features:

Screens, Skylight(s)
Flooring:

Carpet, Laminate, Tile, Vinyl
Room Type:

Bonus Room, Den, Jack & Jill, Kitchen, Laundry, Living Room, Primary Suite, Recreation, See Remarks, Walk-In Closet
Fireplace:

No
Fireplace:

None
Laundry:

Inside
Laundry:

1

Financial & Terms

Disclosures:

Rent Control

Location

Directions:

N/Sunset, White Knoll
Latitude:

34.06949400
Longitude:

-118.24627600

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LARD1.5
Lot Features:

Lot 6500-9999, Rectangular Lot, No Landscaping
Lot Size Area:

7428.0000
Lot Size Acres:

0.1705
Lot Size SqFt:

7428.00
Lot Size Source:

Assessor
View:

1
View:

City Lights, Neighborhood
Security Features:

Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s), Window Bars
Property Attached:

1
Additional Parcels:

No
Other Structures:

Storage
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

1977.00
Tax Lot:

25

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5406022015

Heating & Cooling

Heating:

1
Heating:

Central, Combination, Wall Furnace
Cooling:

Yes
Cooling:

See Remarks

Utilities

Utilities:

Electricity Available, Natural Gas Connected, Sewer Connected, Water Available
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Dishwasher, Free-Standing Range, Disposal, Range Hood, Water Heater
Included:

Yes

The Community

Features:

Sidewalks, Street Lights
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Buyer to Verify, Unknown

Parking

Parking:

Yes
Parking:

Assigned, Carport, Attached Carport, Detached Carport, Covered, Direct Garage Access, Concrete, Paved, Garage, Garage Faces Front, Garage - Single Door, On Site, Parking Space
Parking Spaces:

10.00
Garage Spaces:

2.00
Uncovered Spaces:

5.00
Carport Spaces:

3.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Verizon 5G Home Internet

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
2/6/25 Feb 6, 2025	Price Changed	CRMLS_CA	$1,749,000	-12.5%
1/3/25 Jan 3, 2025	Listed / Active	CRMLS_CA	$1,999,800
12/6/24 Dec 6, 2024	Sold Subject To Contingencies	CRMLS_CA

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This multifamily located in Central LA, Los Angeles, CA 90012 is currently for sale for $1,749,000. 1053 Figueroa Terrace is a – square foot multifamily with – beds and – baths that has been on Estately for 50 days. 1053 Figueroa Terrace is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 72, making it very walkable. This multifamily is in the attendance area of Edward R. Roybal Learning Center, Castelar Street Elementary School, Ramon C Cortines School Of Visual And Performing Arts, Miguel Contreras Learning Complex - School Of Social Justice, Miguel Contreras Learning Complex - Acdemic Ldrshp Community, Florence Nightingale Middle School, Miguel Contreras Learning Complex - Los Angeles School Of Global Studies, Miguel Contreras Learning Complex - Business And Tourism, and Belmont Senior High School.

Listing Courtesy of: CRMLS_CA and RE/MAX PREMIER/SANMARINO. Based on information from California Regional Multiple Listing Service, Inc. as of 14:14 on Feb 22.

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.