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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
  • 30 Beds
  • 20 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 30 bedrooms, 20 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: 11 minutes ago | Last updated: April 15th, 2024 | Source CRMLS | DOM: 21
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Home details

Lot Sq. Ft
15,231
HOA Dues
$0/mo
Year built
1993
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24377341
City
Los Angeles
County
Los Angeles
Time on Site
24 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,651
  • Total Rent: $26,515
  • Pro Forma/Market Rent: $29,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.26%
  • Gross Rent Multiplier: 14.11
  • Gross Scheduled Income: --
  • Net Operating Income: $236,243
  • Gross Operating Income: $318,180
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $31,356
  • Trash: $8,475
  • Insurance: $5,525
  • Maintenance: $12,000
  • Professional Management: $12,000
  • Water/Sewer: $11,899

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Property Details for 10705 S Figueroa St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 14
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 10
  • Parcel Number: 6061023030
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Figueroa at 108th
View more facts & features

Local Los Angeles Agent

Sale History for 10705 S Figueroa St

View property's historical transactions

  • April, 2024

  • Apr 7, 2024

    Date

    Active

    CRMLS: 24377341

    $4,489,000

    Price

Tax History for 10705 S Figueroa St

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

10705 S Figueroa St is listed 266.45% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. 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 multi family located in Los Angeles, CA 90061 and is currently for sale. This multi family property offers 30 bedrooms, 20 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 $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 266.45% higher than the median priced home. Local competing homes currently for sale include 2610 Kenwood Ave, 1984 Park Grove Ave and 7113-7107 La Tijera Blvd. While the average home in Los Angeles, CA is selling in 96 days, 10705 S Figueroa St has a days on market of 21 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 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
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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
$649,999
Median List Price/Sq.Ft.
$527
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$531
Total Inventory
24
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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Recently Sold Homes Near 10705 S Figueroa St

10705 S Figueroa St, Los Angeles, CA 90061
$2,400,000 Last Sold Price
30 Beds
20 Baths
10400 Sq.Ft.
10705 S Figueroa St
Los Angeles, CA 90061
424 W 108th St, Los Angeles, CA 90061
$885,000 Last Sold Price
11 Beds
5 Baths
3992 Sq.Ft.
424 W 108th St
Los Angeles, CA 90061
426 W 106th St, Los Angeles, CA 90003
$550,000 Last Sold Price
5 Beds
4 Baths
1402 Sq.Ft.
426 W 106th St
Los Angeles, CA 90003
417 W 106th St, Los Angeles, CA 90003
$735,000 Last Sold Price
8 Beds
4 Baths
2160 Sq.Ft.
417 W 106th St
Los Angeles, CA 90003

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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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