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10705 S Figueroa St, Los Angeles, CA 90061
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10705 S Figueroa St Los Angeles, CA 90061

$4,489,000
  • -- Beds
  • -- Baths
  • 10,400 Sq.Ft.
For Sale
$4,489,000 Get Pre-Qualified
Map preview of 10705 S Figueroa St, Los Angeles, CA 90061

Property Overview: 10705 S Figueroa St Los Angeles, CA has -- bedrooms, -- bathrooms, 10,400 living square feet and 15,231 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: I am proud to present the Figueroa Flats, a ten unit apartment building located in South Central Los Angeles. With immediate access to the 110 and 105 freeways and numerous metro lines Figueroa Flats are well located and central to everything near Downtown LA, Inglewood, Hawthorne and Gardena. The 10,400 square foot two story building sits on .35 acres and is comprised of (10) Three (3) bedroom Two (2) bathroom units. (10 x 3/2). Each unit is 1040 square feet. The building has benefitted from new exterior remodeling and paint, new roof, new fiberglass walkways and is looking better than ever. 6 of the 10 units are renovated and achieving market rents. Income is strong with only a 13% upside to rents, much of which will be achieved in November 2024. The building is NOT subject to Los Angeles RSO meaning the owner can raise rents 8.8% annually (CPI+5% currently). There is room to add ADUs on the property to increase rental income. There is an assumable $1,453,936 mortgage at 3.29% interest fixed until October 2030. A down payment of approximately $3,039,000 is required and yields a cash on cash return of 7.69% on current rents and 8.19% after November 2024.

Listed by Sky Minor | BRE #01380933 | Sky Minor, Broker
Last checked: 15 minutes ago | Last updated: April 7th, 2024 | Source CRMLS | DOM: 25
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Home details

Lot Sq. Ft
15,231
HOA Dues
$0/mo
Year built
1993
Garage
--
Property Type:
Other
Status
Active
MLS#
24377257
City
Los Angeles
County
Los Angeles
Time on Site
33 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.26%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $236,222
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 10705 S Figueroa St

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Property Details for 10705 S Figueroa St

Interior Features
Laundry Information
  • None
Interior Features
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
Property Information
  • Total # of Units: 10
  • Parcel Number: 6061023030
Location / Neighborhood
Location Information
  • Directions: Figueroa at 108th
View more facts & features

Local Los Angeles Agent

Sale History for 10705 S Figueroa St

Last leased for $2,800 on August 16th, 2023

  • April, 2024

  • Apr 6, 2024

    Date

    Active

    CRMLS: 24377257

    $4,489,000

    Price

  • August, 2023

  • Aug 16, 2023

    Date

    Leased

    CRMLS: 23275232

    $2,800

    Price

  • May 30, 2023

    Date

    Active

    CRMLS: 23275232

    $3,050

    Price

  • Listing provided courtesy of CRMLS

  • October, 2020

  • Oct 4, 2020

    Date

    Sold

    CRMLS: WS19199433

    $2,400,000

    Price

  • Sep 1, 2020

    Date

    Pending

    CRMLS: WS19199433

    $2,450,000

    Price

  • Jun 15, 2020

    Date

    Price Change

    CRMLS: WS19199433

    $2,450,000

    Price

  • Jun 11, 2020

    Date

    Price Change

    CRMLS: WS19199433

    $2,400,000

    Price

  • May 18, 2020

    Date

    Price Change

    CRMLS: WS19199433

    $2,450,000

    Price

  • Apr 4, 2020

    Date

    Price Change

    CRMLS: WS19199433

    $2,500,000

    Price

  • Mar 19, 2020

    Date

    Price Change

    CRMLS: WS19199433

    $2,880,000

    Price

  • Feb 28, 2020

    Date

    Price Change

    CRMLS: WS19199433

    $3,100,000

    Price

  • Aug 20, 2019

    Date

    Active

    CRMLS: WS19199433

    $3,250,000

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity for investor. Over 15% upside potential in the rental . Property was built in year 1993 . Each unit has 3 bed room and 2 bath room.Property has been remodeled .Good condition ! Location close to Magic Johnson Park . There are 10 schools in the zip code 90061.

  • September, 2020

  • Sep 30, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,400,000

    Price

  • April, 2019

  • Apr 1, 2019

    Date

    Leased

    CRMLS: IV18290927

    $1,950

    Price

  • Apr 1, 2019

    Date

    Pending

    CRMLS: IV18290927

    $1,950

    Price

  • Jan 23, 2019

    Date

    Price Change

    CRMLS: IV18290927

    $1,950

    Price

  • Jan 8, 2019

    Date

    Price Change

    CRMLS: IV18290927

    $2,050

    Price

  • Dec 13, 2018

    Date

    Active

    CRMLS: IV18290927

    $2,100

    Price

  • Listing provided courtesy of CRMLS

    Newly upgraded with beautiful floors, new paint, appliances, and remodeled bathrooms. This unit has been completely redone and is ready for immediate move in! Unit includes NEW stove and fridge. This property is in a very convenient location, with easy freeway access and gated private parking included. Owner pays water and trash. Tenant responsible for all other utilities. Section 8 ok. Available for rent today!

  • July, 2018

  • Jul 3, 2018

    Date

    Leased

    CRMLS: IV18112482

    $1,800

    Price

  • Jun 29, 2018

    Date

    Pending

    CRMLS: IV18112482

    $1,800

    Price

  • Jun 21, 2018

    Date

    Price Change

    CRMLS: IV18112482

    $1,800

    Price

  • May 25, 2018

    Date

    Price Change

    CRMLS: IV18112482

    $1,850

    Price

  • May 13, 2018

    Date

    Active

    CRMLS: IV18112482

    $1,900

    Price

  • Listing provided courtesy of CRMLS

    Newly upgraded with beautiful floors, new paint, appliances, and remodeled bathrooms. This unit has been completely redone and is ready for immediate move in! Unit includes NEW stove and fridge. This property is in a very convenient location, with easy freeway access and gated private parking included. Owner pays water and trash. Tenant responsible for all other utilities

  • February, 2018

  • Feb 23, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2017

  • Aug 31, 2017

    Date

    Sold

    CRMLS: AR17067585

    $2,240,000

    Price

  • Jun 18, 2017

    Date

    Active

    CRMLS: AR17067585

    $2,300,000

    Price

  • Jun 13, 2017

    Date

    Active Under Contract

    CRMLS: AR17067585

    $2,300,000

    Price

  • Apr 13, 2017

    Date

    Price Change

    CRMLS: AR17067585

    $2,300,000

    Price

  • Mar 31, 2017

    Date

    Active

    CRMLS: AR17067585

    $2,400,000

    Price

  • Listing provided courtesy of CRMLS

    There are Ten (10) units Multi-family property which located in the South Los Angeles and was construction in 1993.therefore,it is not subject to Rent Control. Each unit has Three(3) bedrooms, Two(2) baths, 1040 sq ft living space , has individually Gas & Electric Metered, own water heater and washer & dryer hook up. all units has been upgrade with new paint interior & exterior, new Ceramic Title floor and new bathrooms, Gated parking for ten on-site parking spaces. and six guest parking.100% occupied by Tenant on a Month-to-Month lease term. on-site manager, This property are located in very convenient area, very close to USC and downtown, easy access to the HWY 110 & 105.

  • August, 2017

  • Aug 17, 2017

    Date

    Sold

    CRMLS: AR17075200

    $2,240,000

    Price

  • Apr 13, 2017

    Date

    Price Change

    CRMLS: AR17075200

    $2,300,000

    Price

  • Apr 10, 2017

    Date

    Active

    CRMLS: AR17075200

    $2,400,000

    Price

  • Listing provided courtesy of CRMLS

    There are Ten(10) units Multi-family property which located in the South Los Angeles and was construction in 1993, Therefore, It is not subject to Rent Control, Each Unit has Three(3) bedrooms, Two(2)baths,1040 sq.ft living space, Has individually Gas & Electric metered, Own water heater and washer & dryer hook up, All units has been upgrade with new paint interior & exterior, new ceramic title floor and new bathrooms. Gate parking for ten on-site parking spaces, and six guest parking, 100% occupied by Tenant on Month-to-Month lease term, On-site manage, This property are located in very convenient area, very close to USC and downtown, Easy access to hwy 110 & 105.

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Tax History for 10705 S Figueroa St

Assessed Value (2020): $2,330,496
Year Land Value Improved Value Assessed Value
2020 $1,768,680 $561,816 $2,330,496

Home Value Compared to the Market

This property vs the competition

10705 S Figueroa St is listed 259.41% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $431.63 per/sqft which puts the price per square foot 44.23% lower than the median price per square foot for the city of Los Angeles.

About 10705 S Figueroa St

Detailed summary of property

10705 S Figueroa St is a other located in Los Angeles, CA 90061 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly 10,400 living square feet, and sits on an approximately 15,231 square foot lot. 10705 S Figueroa St was first listed on ArdentRealEstateGroup.com on April 7, 2024. The homeowner is currently asking $4,489,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 259.41% higher than the median priced home. Local competing homes currently for sale include 405 S Boyle Ave, 2500-2514 E Cesar E Chavez Ave and 4067 Beverly Blvd. While the average home in Los Angeles, CA is selling in 93 days, 10705 S Figueroa St has a days on market of 25 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 10705 S Figueroa St Los Angeles, CA 90061 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 10705 S Figueroa St

Public county record property details
Beds
10
Baths
20
Year built
1993
Sq. Ft.
10,400
Lot Size
15,226
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
26-28
APN
6061-023-030

The source for these homes facts are from public records.

90061 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$598,000
Median List Price/Sq.Ft.
$527
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$531
Total Inventory
27
Median Sale to List Price %
110.09%
Avg Days on Market
39
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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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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