11116 S Figueroa Street
Los Angeles, CA 90061
- – beds
- – baths
- – sqft
- 5,974 sqft lot
- 2001 build
- – on site
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*DO NOT DISTURB TENANTS. We are pleased to offer for sale a four-unit apartment community located at 11116 South Figueroa Street. The subject property is located on Figueroa Street just north of the 105 Freeway. The building is located in South LA right next to the Westmont submarket. This location offers easy access to the best of South LA, including Sofi Stadium, Intuit Dome, USC/ North University Park, the LA Coliseum & more. Being in close proximity to major transit corridors, tenants can conveniently access employment centers, retail & entertainment throughout the city. Situated on two contiguous lots across a 5,974 square foot parcel, the property is comprised entirely of three-bedroom units. The property was constructed in 2001, so it is not subject to City of Los Angeles rent control, only subject to AB 1482 State Rent Control. Two units will be delivered vacant allowing new ownership to immediately renovate in order to achieve market rental rates. 11116 S Figueroa presents investors with a unique opportunity to acquire an asset in a South Los Angeles that is a short distance to the most attractive thoroughfare in the submarket, which will support continued rental growth & gentrification for a new investor who is looking to capitalize on the value-add potential this asset offers. *The Property Consists of 2 Parcels, Both Parcels are Included in the Sale (6075-030-016 & 6075-030-017)
Last checked:
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Last updated Sep 23, 2024
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MLS# 24408537 —
The Building
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Year Built:2001
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:4800.00
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# of Buildings:1
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Total Number Of Units:4
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Stories Total:2
Interior
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Levels:Multi/Split, Two
Location
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Directions:East of Denver Avenue & South of West 111th Street
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Latitude:33.93426900
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Longitude:-118.28226100
The Property
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Property Type:Residential Income
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Zoning:LARD1.5
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Lot Size Area:5974.0000
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Lot Size Dimensions:44x99
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Lot Size Acres:0.1371
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Lot Size SqFt:5974.00
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Lot Size Source:Assessor
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Lot Dimensions Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:6075030016
Appliances
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Uncovered
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Parking Spaces:8.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/23/24
Sep 23, 2024
|
Sold Subject To Contingencies | CRMLS_CA | $1,200,000 | |
|
9/18/24
Sep 18, 2024
|
Sold | CRMLS_CA | $1,200,000 | -7.7% |
|
6/26/24
Jun 26, 2024
|
Listed / Active | CRMLS_CA | $1,300,000 | 46.1% (8.1% / YR) |
