11425 S Figueroa Street S
Los Angeles, CA 90061
- – beds
- – baths
- – sqft
- 8,138 sqft lot
- 1953 build
- – on site
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Bakc on market with new price reduction, this 16 unit apartment building at 11425 South Figueroa Street in Los Angeles presents an investor with the opportunity to acquire an approx. 7.7% cap rate asset based on current income and very detailed expenses. The property has been well maintained and is now achieving nearly market-rate rents, which creates a unique, turn-key cash flow investment for a buyer seeking ease of management. The property consists of 13 studios and 3 one bedroom one bath units, which are separately metered for gas and electricity. The building,which consists of 2 structures in an L-shape, is gated, contains laundry facilities and has ample parking. Attractive, historically low interest rate financing options allow a qualified borrower to select from a 10-year fixed rate loan of $700,000 of 4.92%, 5 year fixed at 3.87% (both loans amortized over 30 years), or a 3 year fixed rate of 2.94%, amortized over 25 years.Also the lot is over 8,000 S.F. with C2 zoning.
Last checked:
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Last updated Dec 23, 2024
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MLS# 12641311 —
The Building
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Year Built:1953
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Building Area Total:4792.00
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Total Number Of Units:15
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# of Buildings:2
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Stories Total:2
Location
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Directions:South of Imperial Highway on Figueroa, north of 105 Freeway
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Latitude:33.93023700
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Longitude:-118.28301200
The Property
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Zoning:LAC2
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Lot Size Area:8138.0000
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Lot Size Dimensions:52X155
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Lot Size Acres:0.1870
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Lot Size SqFt:8138.00
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Lot Size 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:6088004014
Heating & Cooling
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Cooling:No
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Cooling:None
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).
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).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/23/24
Jul 23, 2024
|
Listed / Active | CRMLS_CA | ||
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2/6/24
Feb 6, 2024
|
Listed / Active | CRMLS_CA | ||
|
11/8/23
Nov 8, 2023
|
Price Changed | CRMLS_CA |
