11308 S Figueroa Street
Los Angeles, CA 90061
8610 sqft | 24 beds | 0.28 acres | #24417391
Description
7.30% Cap Rate And a 9.65 GRM with upside for 1987 product! No LA CIity RSO! 11.02% Proforma Cap Rate! We are pleased to offer this nine unit investment opportunity, located in the City of Los Angeles. The unit mix consists of three 2+1 and six 3+2 units. The investment consists of approximately 8,610 of rentable square feet and is situated on two adjacent parcels totaling approximately 12,350 square feet. Recent property upgrades include new exterior paint, new exterior lighting, a new wrought iron gate, new exterior building and unit numbers, and most of the units have recently been renovated. The building amenities include a large parking area with 18 total spaces, a billboard generating additional income, and the property is separately metered for both gas & electricity.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$2,695,000
- MLS #24417391
- MLS #24417391
- Cost2695000
- Acres0.2835
- Square Feet8610
- Year Built1987
- Bedrooms24
- Stories3
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: John Katnik (#CLW-C133711)
Listing Office: BRC Advisors- BH (#CLW-X82405)
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