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11116 S Figueroa St, Los Angeles, CA 90061
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11116 S Figueroa St Los Angeles, CA 90061

$1,300,000
  • 12 Beds
  • 4 Baths
  • 4,800 Sq.Ft.
For Sale
$1,300,000 Get Pre-Qualified
Map preview of 11116 S Figueroa St, Los Angeles, CA 90061

Property Overview: 11116 S Figueroa St Los Angeles, CA has 12 bedrooms, 4 bathrooms, 4,800 living square feet and 5,974 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: *DO NOT DISTURB TENANTS. We are pleased to offer for sale a four-unit apartment community located at 11116 South Figueroa Street. The subject property is located on Figueroa Street just north of the 105 Freeway. The building is located in South LA right next to the Westmont submarket. This location offers easy access to the best of South LA, including Sofi Stadium, Intuit Dome, USC/ North University Park, the LA Coliseum & more. Being in close proximity to major transit corridors, tenants can conveniently access employment centers, retail & entertainment throughout the city. Situated on two contiguous lots across a 5,974 square foot parcel, the property is comprised entirely of three-bedroom units. The property was constructed in 2001, so it is not subject to City of Los Angeles rent control, only subject to AB 1482 State Rent Control. Two units will be delivered vacant allowing new ownership to immediately renovate in order to achieve market rental rates. 11116 S Figueroa presents investors with a unique opportunity to acquire an asset in a South Los Angeles that is a short distance to the most attractive thoroughfare in the submarket, which will support continued rental growth & gentrification for a new investor who is looking to capitalize on the value-add potential this asset offers.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap
Last checked: 9 minutes ago | Last updated: June 26th, 2024 | Source CRMLS | DOM: 3
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Home details

Lot Sq. Ft
5,974
HOA Dues
$0/mo
Year built
2001
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24408537
City
Los Angeles
County
Los Angeles
Time on Site
2 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,915
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,915
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,136
  • Total Rent: $2,136
  • Pro Forma/Market Rent: $3,915
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,915
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,915
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,125
  • Total Rent: $2,125
  • Pro Forma/Market Rent: $3,915
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 8.91%
  • Gross Rent Multiplier: 8.96
  • Gross Scheduled Income: --
  • Net Operating Income: $115,798
  • Gross Operating Income: $145,092
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 11116 S Figueroa St

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Property Details for 11116 S Figueroa St

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split, Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 6075030016
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of Denver Avenue & South of West 111th Street
View more facts & features

Local Los Angeles Agent

Sale History for 11116 S Figueroa St

Last sold for $890,000 on November 1st, 2018

  • June, 2024

  • Jun 26, 2024

    Date

    Active

    CRMLS: 24408537

    $1,300,000

    Price

  • November, 2018

  • Nov 1, 2018

    Date

    Sold

    CRMLS: DW18124047

    $890,000

    Price

  • Aug 2, 2018

    Date

    Active

    CRMLS: DW18124047

    $888,000

    Price

  • Jul 31, 2018

    Date

    Pending

    CRMLS: DW18124047

    $888,000

    Price

  • Jul 25, 2018

    Date

    Active

    CRMLS: DW18124047

    $888,000

    Price

  • Jul 10, 2018

    Date

    Pending

    CRMLS: DW18124047

    $888,000

    Price

  • Jul 8, 2018

    Date

    Active

    CRMLS: DW18124047

    $888,000

    Price

  • Jun 6, 2018

    Date

    Pending

    CRMLS: DW18124047

    $888,000

    Price

  • May 25, 2018

    Date

    Active

    CRMLS: DW18124047

    $888,000

    Price

  • Listing provided courtesy of CRMLS

    BACK ON THE MARKET.... WOW WOW WOW..... ATENTION INVESTORS. Magnificent opportunity to add these 4 great condition Units to your portfolio. 3 Bedrooms each, Remodeled Kitchen and Baths, Tile - carpet flooring, each with own Water Heater, etc etc .... ACURATE PICTURES.

  • November, 2018

  • Nov 1, 2018

    Date

    Sold (Public Records)

    Public Records

    $890,000

    Price

  • January, 2006

  • Jan 12, 2006

    Date

    Sold (Public Records)

    Public Records

    $650,000

    Price

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Tax History for 11116 S Figueroa St

Assessed Value (2020): $747,660
Year Land Value Improved Value Assessed Value
2020 $566,100 $181,560 $747,660

Home Value Compared to the Market

This property vs the competition

11116 S Figueroa St is listed 5.18% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $270.83 per/sqft which puts the price per square foot 65.05% lower than the median price per square foot for the city of Los Angeles.

About 11116 S Figueroa St

Detailed summary of property

11116 S Figueroa St is a multi family located in Los Angeles, CA 90061 and is currently for sale. This multi family property offers 12 bedrooms, 4 bathrooms, roughly 4,800 living square feet, and sits on an approximately 5,974 square foot lot. 11116 S Figueroa St was first listed on ArdentRealEstateGroup.com on June 26, 2024. The homeowner is currently asking $1,300,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 5.18% higher than the median priced home. Local competing homes currently for sale include 441 W 79th St, 834 E 85th St and 1449-1447 W 83rd St. While the average home in Los Angeles, CA is selling in 99 days, 11116 S Figueroa St has a days on market of 3 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 11116 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 11116 S Figueroa St

Public county record property details
Beds
12
Baths
4
Year built
2001
Sq. Ft.
4,800
Lot Size
4,704
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
6075-030-016

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
$590,000
Median List Price/Sq.Ft.
$494
Median Sold Price
$630,000
Median Sold Price/Sq.Ft.
$643
Total Inventory
23
Median Sale to List Price %
97.22%
Avg Days on Market
26
Loan Type
Conventional (33.33%), FHA (33.33%), VA (0%), Cash (0%), 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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