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10950 S Figueroa St, Los Angeles, CA 90061
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10950 S Figueroa St Los Angeles, CA 90061

$1,995,000
  • 91164 Beds
  • 45582 Baths
  • 5,516 Sq.Ft.
For Sale
$1,995,000 Get Pre-Qualified
Map preview of 10950 S Figueroa St, Los Angeles, CA 90061

Property Overview: 10950 S Figueroa St Los Angeles, CA has 91164 bedrooms, 45582 bathrooms, 5,516 living square feet and 6,785 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 4 unit multi-family building built in 2009 already earning great income that starts with 6% cap rate. The money goes into your bank account at $14,400 per month / annual income at: $172,800 Gross /$141,275 Net (after annual taxes, insurance and every expense the seller pays that is actual Net). The rental income, you do not have to chase the tenants for all the money. The government, via section 8, will send the majority monthly rents on time every month to the bank account of your choice. This means no chasing money or tenants. The Actual Cap rate is 6% Net, after taxes and all expenses the seller pays. Increase the rents $1900 per month to improve the cap Rate to a 7.25%. Additionaly, There is room to add 2 ADU's of which, each unit will rent for going rents of $2,000 per month. This will increase the annual Gross income to $220,000/Net $189,000 after expenses to improve your Cap Rate to 9.40%. With a little work, earn a Cap Rate of 9.40% net annual income of $189,000. The tenants pay for water, gas, electrical and trash. Each unit has separate Water, Electric & Gas Meters. The property consist of 2 separate buildings, side by side, in one gated complex in excellent condition, built in 2009. Each of the 4 units feature 4 bedrooms, 2 bathrooms that include a bath tube and a shower. Tenants will enjoy a laundry room with washer and dryer hook-ups inside each unit. This 4 unit property that comprises of 2 duplexes on one lot, 2 separate parcels, each in excellent condition overall inside all the units and very attractive exterior of the buildings outside with a surrounding security gate and a grassed area for recreation. The tenants will enjoy large kitchens with all the kitchen emenites, such as granite countertops, dishwashers, garbage, disposal, tile floor and lots of wood cabinets, double pan windows throughout each unit. The bedrooms are larger than normal rentals, with newer carpets and with large closets, this helps the tenants enjoy a superb at home family lifestyle. Tenants love that units are close to LAX USC , LA Downtown, 110 & 105 FWY and public transit.

Listed by Luis Gonzalez | BRE #01137141 | Vista Sotheby’s International Realty
Last checked: 19 minutes ago | Last updated: April 22nd, 2024 | Source CRMLS | DOM: 90
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Home details

Lot Sq. Ft
6,785
HOA Dues
$0/mo
Year built
2009
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
SB24023846
City
Los Angeles
County
Los Angeles
Time on Site
94 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
Unit Breakdown 1
  • # of Units: 10952
  • # of Beds: 4
  • # of Baths: 2
  • Actual Rent: $1
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 444
  • # of Beds: 4
  • # of Baths: 2
  • Actual Rent: $1
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 10950
  • # of Beds: 4
  • # of Baths: 2
  • Actual Rent: $1
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 445
  • # of Beds: 4
  • # of Baths: 2
  • Actual Rent: $1
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.05%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
  • Laundry Income: $0
  • Other Income 1: $0
  • Personal Property: $0
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $0
  • Trash: $0
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 10950 S Figueroa St

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Property Details for 10950 S Figueroa St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Gas Dryer Hookup, Individual Room, Washer Hookup
Interior Features
  • Security Features: Gated Community, Security Lights, Window Bars
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Chain Link, Good Condition, Pipe
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: 2-5 Units/Acre, Corner Lot, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 4
  • Parcel Number: 6075032012
  • Year Built Source: Assessor
  • Entry Level: 1
  • Has Additional Parcels
  • Offered With Property: Two Duplexes on a lot, 444-446 W 109th Place & 10950-10952 S Figueroa St, Los Angeles CA 90061 the 2nd Parcel # 6075-032-011
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: 110 FWY exit Century Blvd to Figueroa to 109th st on the corner.
View more facts & features

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Sale History for 10950 S Figueroa St

Last sold on August 31st, 2018

  • February, 2024

  • Feb 8, 2024

    Date

    Active

    CRMLS: SB24023846

    $2,000,000

    Price

  • August, 2018

  • Aug 31, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2018

  • Aug 25, 2018

    Date

    Sold

    CRMLS: IG18088482

    $1,250,000

    Price

  • Jul 31, 2018

    Date

    Pending

    CRMLS: IG18088482

    $1,295,000

    Price

  • Jun 27, 2018

    Date

    Active Under Contract

    CRMLS: IG18088482

    $1,295,000

    Price

  • Jun 15, 2018

    Date

    Active

    CRMLS: IG18088482

    $1,295,000

    Price

  • Listing provided courtesy of CRMLS

    Investment Highlights:******* ******* Newly 2009 built four-units comprising of 2 duplexes on one lot ******* Four Multi-Family Units Consisting of 4 bedrooms & 2 bath each ******* Excellent Value Add Opportunity for Investor or Ower ******* LAX - 8 miles, USC - 7 miles, LA Downtown - 10 miles. Close to 110 & 105 FWY ******* Separate Water, Electric & Gas Meters For Each Unit ******* NO RENT CONTROL Investment Overview: Gold Team Real Estate Inc is pleased to present a rare opportunity to own a Newly 2009 built four-units that comprises of 2 duplexes on one lot, centrally located in Los Angeles. This property is perfect for any investor looking for an Excellent Value Add Opportunity. Current rents are way below market and there is NO RENT CONTROL. These units boast of the highest quality upgraded materials. Every unit has Granite kitchen countertops, recessed lighting, crown molding, Forced Air Central Heating, 2 Full baths & inside Laundry. This property is priced to sell, only minutes down Figueroa to USC, and just a few miles from LAX. The property is fully leased with great upside potential. Operating expenses are at a minimum as all units are separately metered for Gas, Water & Electric, all paid by tenants.

  • August, 2018

  • Aug 20, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,250,000

    Price

  • January, 2018

  • Jan 1, 2018

    Date

    Expired

    CRMLS: IG17134935

    $1,350,000

    Price

  • Jun 22, 2017

    Date

    Active

    CRMLS: IG17134935

    $1,350,000

    Price

  • Listing provided courtesy of CRMLS

    Don't miss out on this opportunity! Newly 2009 built four-units that comprises of 2 duplexes on one lot, centrally located in Los Angeles. This property is perfect for any investor looking for a good Cap Rate, or if you're looking for a strong cash flow investment that an owner can occupy one unit, search no further. All units are 4 bedroom 2 bath each. These units boast of the highest quality upgraded materials. Every unit has Granite kitchen countertops, recessed lighting, crown molding, Forced Air Central Heating, 2 Full baths & inside Laundry. This property is priced to sell, only minutes down Figueroa from USC, and just a few miles from LAX. The property is fully leased with great upside potential. Operating expenses are at a minimum as all units are separately metered for Gas, Water & Electric all paid by tenants. One unit can be negotiated to be delivered vacated. NO RENT CONTROL.

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Tax History for 10950 S Figueroa St

Assessed Value (2020): $1,224,000
Year Land Value Improved Value Assessed Value
2020 $816,000 $408,000 $1,224,000

Home Value Compared to the Market

This property vs the competition

10950 S Figueroa St is listed 59.73% 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 $361.68 per/sqft which puts the price per square foot 53.27% lower than the median price per square foot for the city of Los Angeles.

About 10950 S Figueroa St

Detailed summary of property

10950 S Figueroa St is a multi family located in Los Angeles, CA 90061 and is currently for sale. This multi family property offers 91164 bedrooms, 45582 bathrooms, roughly 5,516 living square feet, and sits on an approximately 6,785 square foot lot. 10950 S Figueroa St was first listed on ArdentRealEstateGroup.com on February 9, 2024. The homeowner is currently asking $1,995,000 and was originally asking $2,000,000. 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 59.73% higher than the median priced home. Local competing homes currently for sale include 3408 Trinity St, 1161 E 12th St and 3433 E Pico Blvd. While the average home in Los Angeles, CA is selling in 93 days, 10950 S Figueroa St has a days on market of 90 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 10950 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 10950 S Figueroa St

Public county record property details
Beds
8
Baths
4
Year built
2009
Sq. Ft.
2,758
Lot Size
5,426
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
393
APN
6075-032-012

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
29
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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