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10507 S Figueroa St, Los Angeles, CA 90003
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10507 S Figueroa St Los Angeles, CA 90003

$2,450,000
  • 16 Beds
  • 16 Baths
  • 9,760 Sq.Ft.
For Sale
$2,450,000 Get Pre-Qualified
Map preview of 10507 S Figueroa St, Los Angeles, CA 90003

Property Overview: 10507 S Figueroa St Los Angeles, CA has 16 bedrooms, 16 bathrooms, 9,760 living square feet and 10,432 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: THIS PROPERTY IS AVAILABLE FOR PURCHASE INDEPENDENTLY OR AS PART OF A 4 PROPERTY, 118 UNIT PORTFOLIO. Introducing, for the first time on market in over 20 years, a unique opportunity to purchase this four multifamily property portfolio comprised of 118 units in the heart of Los Angeles. The collection includes four large properties that sit on a total of seven parcels and almost 100K sf of land. Each building ranges from 17 to 50 units and has plenty of onsite parking, independent meters for gas and electricity, and various recent upgrades. The economics of the offering show immediate returns at the current income level. However, with market rents continuing in an upward trend, an aggressive management approach may realize the 75% upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historical low vacancy rates and consistent rent growth over the same period. Section 8 vouchers are currently at $3,915 for 3-bedroom units, $3,052 for 2-bedroom units, $2,407 for 1-bedroom units, and $2,132 for studio units. The properties are strategically located near access to major freeways, employment, entertainment, and transportation options. SoFi Stadium (LA Rams), the new Intuit Dome (LA Clippers), BMO Stadium (Angel City FC), Los Angeles International Airport, are all within minutes of any of the subject properties.

Listed by Enrique Viramontes | BRE #01372010 | Remax Commercial and Investment Realty
Last checked: 2 minutes ago | Last updated: August 30th, 2024 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
10,432
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24431041
City
Los Angeles
County
Los Angeles
Time on Site
27 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 16
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,095
  • Total Rent: $17,524
  • Pro Forma/Market Rent: $38,512
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.26%
  • Gross Rent Multiplier: 11.65
  • Gross Scheduled Income: --
  • Net Operating Income: $104,483
  • Gross Operating Income: $208,190
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 10507 S Figueroa St

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Property Details for 10507 S Figueroa St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Other
Property Information
  • Total # of Units: 16
  • Parcel Number: 6061025026
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Located on S Figueroa St between W 105th St and W 106th St
View more facts & features

Local Los Angeles Agent

Sale History for 10507 S Figueroa St

Last sold for $485,000 on August 17th, 2001

  • August, 2024

  • Aug 22, 2024

    Date

    Active

    CRMLS: 24431041

    $2,450,000

    Price

  • August, 2001

  • Aug 17, 2001

    Date

    Sold (Public Records)

    Public Records

    $485,000

    Price

Show More

Tax History for 10507 S Figueroa St

Assessed Value (2020): $326,878
Year Land Value Improved Value Assessed Value
2020 $94,548 $232,330 $326,878

Home Value Compared to the Market

This property vs the competition

10507 S Figueroa St is listed 104.17% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $251.02 per/sqft which puts the price per square foot 67.31% lower than the median price per square foot for the city of Los Angeles.

About 10507 S Figueroa St

Detailed summary of property

10507 S Figueroa St is a multi family located in Los Angeles, CA 90003 and is currently for sale. This multi family property offers 16 bedrooms, 16 bathrooms, roughly 9,760 living square feet, and sits on an approximately 10,432 square foot lot. 10507 S Figueroa St was first listed on ArdentRealEstateGroup.com on August 22, 2024. The homeowner is currently asking $2,450,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 104.17% higher than the median priced home. Local competing homes currently for sale include 8418 S Main St, 716 W 81st St and 1501 Firestone Blvd. While the average home in Los Angeles, CA is selling in 106 days, 10507 S Figueroa St has a days on market of 27 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 10507 S Figueroa St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 10507 S Figueroa St

Public county record property details
Beds
8
Baths
8
Year built
1956
Sq. Ft.
4,880
Lot Size
5,204
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
26
APN
6061-025-026

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,000
Median List Price/Sq.Ft.
$574
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$535
Total Inventory
47
Median Sale to List Price %
103%
Avg Days on Market
31
Loan Type
Conventional (41.67%), FHA (16.67%), VA (0%), Cash (16.67%), Other (25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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