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10974 S Figueroa St, Los Angeles, CA 90061
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10974 S Figueroa St Los Angeles, CA 90061

$2,075,000 Sold Price as of 01/28/2021
  • 16 Beds
  • 10 Baths
  • 5,374 Sq.Ft.
Sold
$2,075,000 Sold Price as of 01/28/2021 Refinance Your Mortgage
Map preview of 10974 S Figueroa St, Los Angeles, CA 90061

Property Overview: 10974 S Figueroa St Los Angeles, CA has 16 bedrooms, 10 bathrooms, 5,374 living square feet and 6,783 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PRICE IMPROVEMENT! Beautifully remodeled 10 unit building with abundant parking spread over two parcels of land. Excellent in-place cash flow with additional rental upside. Fantastic access to both the 110 and 105 freeways. Located 4.6 miles from the upcoming SoFi stadium in Inglewood and 6.1 miles from the LA Memorial Coliseum and Banc of California Stadium. Property features a desirable unit mix (six 2+1s, four 1+1s), on-site laundry for additional income, and is individually metered for gas and electricity. Building is not listed on the citys seismic retrofit list. 8 of the 10 tenants are receiving Section 8 assistance, making this a stable investment in the current uncertain economic climate. Dont miss this turnkey opportunity!

Listed by Jordan Peikin | BRE #02015987 | Clement Partners Real Estate
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 142

Home details

Lot Sq. Ft
6,783
HOA Dues
$0/mo
Year built
1958
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20593908
City
Los Angeles
County
Los Angeles
Time on Site
1225 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,279
  • Total Rent: $7,671
  • Pro Forma/Market Rent: $10,950
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,668
  • Total Rent: $6,672
  • Pro Forma/Market Rent: $6,672
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11.99
  • Gross Scheduled Income: --
  • Net Operating Income: $117,411
  • Gross Operating Income: $167,853
  • Laundry Income: $900
  • Other Income 1: $172,116
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 10974 S Figueroa St

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
  • Disposal, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 10
  • Parcel Number: 6075032033
  • Has Additional Parcels
Location / Neighborhood
Location Information
  • Directions: North of Imperial HWY, South of Century, East of Hoover, West of Broadway.
View more facts & features

Local Los Angeles Agent

Sale History for 10974 S Figueroa St

Last sold for $2,075,000 on January 28th, 2021

  • January, 2021

  • Jan 28, 2021

    Date

    Sold

    CRMLS: 20593908

    $2,075,000

    Price

  • Jan 12, 2021

    Date

    Pending

    CRMLS: 20593908

    $2,075,000

    Price

  • Dec 18, 2020

    Date

    Active Under Contract

    CRMLS: 20593908

    $2,075,000

    Price

  • Nov 19, 2020

    Date

    Withdrawn

    CRMLS: 20593908

    $2,075,000

    Price

  • Aug 5, 2020

    Date

    Price Change

    CRMLS: 20593908

    $2,075,000

    Price

  • Jul 1, 2020

    Date

    Active

    CRMLS: 20593908

    $2,125,000

    Price

  • January, 2021

  • Jan 28, 2021

    Date

    Sold (Public Records)

    Public Records

    $2,075,000

    Price

  • July, 2019

  • Jul 3, 2019

    Date

    Sold

    CRMLS: 19483294

    $1,350,000

    Price

  • Listing provided courtesy of CRMLS

    Property sold off-market. Listing created for comp purposes.

  • July, 2019

  • Jul 2, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,350,000

    Price

Show More

Tax History for 10974 S Figueroa St

Assessed Value (2020): $1,250,000
Year Land Value Improved Value Assessed Value
2020 $450,000 $800,000 $1,250,000

Home Value Compared to the Market

This property vs the competition

10974 S Figueroa St sold on January 28, 2021 for 74.37% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $386.12 per/sqft which puts the price per square foot 48.86% lower than the current median sale per square foot for the city of Los Angeles.

About 10974 S Figueroa St

Detailed summary of property

10974 S Figueroa St is a multi family that recently sold in Los Angeles, CA 90061. This multi family property offered 16 bedrooms, 10 bathrooms, roughly 5,374 living square feet, and sits on an approximately 6,783 square foot lot. 10974 S Figueroa St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,075,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 74.37% higher than the current median priced home. Local homes that are currently for sale include 136 W 48th St, 603 W 47th St and 4529 S Vermont Ave. While the average home in Los Angeles, CA is selling in 93 days, 10974 S Figueroa St has a days on market of 142 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 10974 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 10974 S Figueroa St

Public county record property details
Beds
16
Baths
10
Year built
1958
Sq. Ft.
5,374
Lot Size
5,402
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
422
APN
6075-032-033

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
$592,000
Median List Price/Sq.Ft.
$525
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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