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5001 S Figueroa St, Los Angeles, CA 90037
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5001 S Figueroa St Los Angeles, CA 90037

$1,050,000 Sold Price as of 12/02/2019
  • 11 Beds
  • 5 Baths
  • 4,348 Sq.Ft.
Sold
$1,050,000 Sold Price as of 12/02/2019 Refinance Your Mortgage
Map preview of 5001 S Figueroa St, Los Angeles, CA 90037

Property Overview: 5001 S Figueroa St Los Angeles, CA has 11 bedrooms, 5 bathrooms, 4,348 living square feet and 7,847 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 9% POTENTIAL CAP RATE!! 4 PLEX PROPERTY CAN BE DELIVERED VACANT!! C2 ZONED TOC TIER 1 7,847 SF LOT Perched on the CORNER of Figueroa and W 50th, this beautifully renovated fourplex consisting of approximately 4,348 SF on a massive single 7,847 lot is located in the South Figueroa Corridor neighborhood of L.A. just south of the incredibly popular USC proper. This vibrant neighborhood and its multitude of chic and trendy restaurants, shops, green spaces, etc. is a renter's paradise. It boasts a Walkscore of 79: Very Walkable. Front house is renovated top to bottom with hardwood floor, granite tops, brand new kitchen cabinets and copper plumbing featuring tank-less water heater and new electrical wiring. Two-story building in the rear side of the lot has 2 x 3 bedroom units which are also fully upgraded. Development potential is prime. The property is zoned C2-1VL-CPIO, allowing for 20 units, by right.

Listed by Vinnie Park | BRE #02015848 | Coldwell Banker Residential Br
Co-listed by Jeannine Yates | BRE #01118844 | Coldwell Banker Residential Br
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 65

Home details

Lot Sq. Ft
7,847
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19491490
City
Los Angeles
County
Los Angeles
Time on Site
1267 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,082
  • Total Rent: $1,082
  • Pro Forma/Market Rent: $1,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Actual Rent: $1,460
  • Total Rent: $1,460
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $59,204
  • Gross Operating Income: $0
  • Improvements Total: $201,932
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 5001 S Figueroa St

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Laundry Information
  • Has Laundry
  • Inside, See Remarks
Exterior Features
Exterior Information
  • Roof: Shingle
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Concrete
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5018021005
  • Architectural Style: Craftsman
Location / Neighborhood
Location Information
  • Directions: Corner of Figueroa and w 50th
View more facts & features

Local Los Angeles Agent

Sale History for 5001 S Figueroa St

Last sold on February 12th, 2020

  • February, 2020

  • Feb 12, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2019

  • Dec 3, 2019

    Date

    Sold

    CRMLS: 19491490

    $1,050,000

    Price

  • Nov 7, 2019

    Date

    Pending

    CRMLS: 19491490

    $1,049,800

    Price

  • Oct 11, 2019

    Date

    Active

    CRMLS: 19491490

    $1,049,800

    Price

  • Aug 29, 2019

    Date

    Pending

    CRMLS: 19491490

    $1,049,800

    Price

  • Jul 22, 2019

    Date

    Active

    CRMLS: 19491490

    $1,049,800

    Price

  • December, 2019

  • Dec 2, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,050,000

    Price

  • April, 2019

  • Apr 5, 2019

    Date

    Expired

    CRMLS: DW18250662

    $1,050,000

    Price

  • Mar 6, 2019

    Date

    Price Change

    CRMLS: DW18250662

    $1,050,000

    Price

  • Oct 15, 2018

    Date

    Active

    CRMLS: DW18250662

    $1,080,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent Investment Opportunity on these upgraded 4 units located on the corner of Figueroa and 50th Street less than 2 miles from USC. The property is a CORNER LOT, one parcel number with 2 lots, TOC Tier 1 and zoned C2. Combined square feet of all units is 4,348 and total lot size is 7,848. The units consist of two separate buildings and 6 garages. The two units located on Figueroa are side by side with one of the units having 4 bedrooms and 2 bathrooms (Title shows as 2/1) & the other is a 1 bedroom/1 bathroom. The 4 bedroom unit has been completely redone with hard wood floors, modern kitchen as well as updated bathrooms. The other is a two-story building with each unit having 3 bedrooms and 1 bath (Title shows as 1/1). The units on 50th have also been upgraded, with granite counter tops, a mix of tile and laminate flooring, tank-less water heaters, newer electrical wiring and more! The units are centrally located, only a block from the 110 freeway, less than 2 miles from USC, only a few minutes away from LA Live, Staples Center, Convention Center, LA Coliseum and more! Great Opportunity for a developer or investor don’t miss out!!!

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Tax History for 5001 S Figueroa St

Assessed Value (2020): $1,050,000
Year Land Value Improved Value Assessed Value
2020 $700,000 $350,000 $1,050,000

Home Value Compared to the Market

This property vs the competition

5001 S Figueroa St sold on December 2, 2019 for 7.1% lower than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $241.44 per/sqft which puts the price per square foot 67.98% lower than the current median sale per square foot for the city of Los Angeles.

About 5001 S Figueroa St

Detailed summary of property

5001 S Figueroa St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 11 bedrooms, 5 bathrooms, roughly 4,348 living square feet, and sits on an approximately 7,847 square foot lot. 5001 S Figueroa St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,050,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 7.1% lower than the current median priced home. Local homes that are currently for sale include 6275 Menlo Ave, 625 E 49th St and 4355 S Avalon Blvd. While the average home in Los Angeles, CA is selling in 99 days, 5001 S Figueroa St has a days on market of 65 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 5001 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 5001 S Figueroa St

Public county record property details
Beds
11
Baths
5
Year built
1905
Sq. Ft.
4,348
Lot Size
7,847
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6,7
APN
5018-021-005

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
$725,000
Median List Price/Sq.Ft.
$483
Median Sold Price
$750,000
Median Sold Price/Sq.Ft.
$472
Total Inventory
30
Median Sale to List Price %
103.45%
Avg Days on Market
15
Loan Type
Conventional (0%), FHA (33.33%), VA (0%), Cash (0%), Other (33.33%)

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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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