4509 S Figueroa St Los Angeles, CA 90037

$--

7 Beds
4 Baths
3,430 Sq.Ft.

Off Market

Map preview of 4509 S Figueroa St, Los Angeles, CA 90037

Property Overview: 4509 S Figueroa St Los Angeles, CA has 7 bedrooms, 4 bathrooms, 3,430 living square feet and 7,502 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

4509 S Figueroa St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote

Local Los Angeles Agent

Sale History for 4509 S Figueroa St

Last sold on June 16th, 1998

June, 2023
Jun 1, 2023

Date

Expired

CRMLS: 23239722

$1,100,000

Price
Feb 9, 2023

Date

Active

CRMLS: 23239722

$1,100,000

Price
Listing provided courtesy of CRMLS

Two tenants have verbally agreed to cash for keys. Potential possibility to vacate more units, too. Charming two-story fourplex located on a large 7,503 square foot C2 Zoned parcel. Charming fourplex located on a large 7,502 square foot C2 TOC Tier 3 parcel in Vermont Square. This is a rare opportunity to purchase a property that makes sense both as an existing building at a 5% cap rate, and as a development site allowing for 32 units + 9 ADU's using the TOC menu; or, 55 units as a 100% affordable project. As an existing building, the property exudes charm and character. This two-story 1922-built structure has an attractive unit count with three 2-bedroom units, and one 1-bedroom unit with an average unit size of 856 square feet. There are six parking spaces and ample open-space common area. At the current asking price, the property is an attractive 5% cap rate, but has approximately 39% upside in income. As a development site, the C2 zoning with the TOC Tier 3 incentives allow a developer to build approximately 32 units and eight ADU's, totaling 40 units, making this asking price $27,500/buildable door- an impressive metric. A developer can also pursue a 100% affordable project (no market rate units) and likely build 55 units on this property.

Continue Reading
June, 1998
Jun 16, 1998

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 4509 S Figueroa St

Assessed Value (2020): $218,980

Year	Land Value	Improved Value	Assessed Value
2020	$109,490	$109,490	$218,980

About 4509 S Figueroa St

Detailed summary of property

4509 S Figueroa St is categorized with a use code of Quadruplex (4 Units, Any Combination) in Los Angeles, CA 90037 and is currently off market. This property has 7 bedrooms, 4 bathrooms, roughly 3,430 living square feet, and sits on an approximately 7,502 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Local nearby listings include 321 W 58th St, 4613 S Budlong Ave and 4010 Wall St. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 4509 S Figueroa St Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4509 S Figueroa St

Public county record property details

Beds: 7
Baths: 4
Year built: 1922
Sq. Ft.: 3,430
Lot Size: 7,502
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1
APN: 5018-031-001

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$694,900

Median List Price/Sq.Ft.

$546

Median Sold Price

$626,228

Median Sold Price/Sq.Ft.

$437

Total Inventory

Median Sale to List Price %

125.5%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote