6427 S Figueroa St, Los Angeles, CA 90003
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6427 S Figueroa St Los Angeles, CA 90003

$555,000 Sold Price as of 07/13/2023
  • 8 Beds
  • 3 Baths
  • 3,510 Sq.Ft.
Sold
$555,000 Sold Price as of 07/13/2023 Refinance Your Mortgage

Map preview of 6427 S Figueroa St, Los Angeles, CA 90003

Property Overview: 6427 S Figueroa St Los Angeles, CA has 8 bedrooms, 3 bathrooms, 3,510 living square feet and 6,004 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 3 units on a corner lot in LA just south of the Coliseum and USC. The property consists of two large 3 bedroom, 1 bathroom units and one 2 bedroom, 1 bathroom unit. Each unit comes with a 1 car garage. There are long-term tenants with lower rent, but the income potential is GREAT!!!

Listed by Michael Berdelis | BRE #01234589 | 24 Hour Real Estate
Last checked: 12 minutes ago | Last updated: July 13th, 2023 | Source CRMLS | DOM: 91

Home details

Lot Sq. Ft
6,004
HOA Dues
$0/mo
Year built
1918
Garage
2 Car
Property Type:
Triplex
Status
Sold
MLS#
DW23008462
City
Los Angeles
County
Los Angeles
Time on Site
528 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $875
  • Total Rent: $875
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $1,150
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.73%
  • Gross Rent Multiplier: 20.35
  • Gross Scheduled Income: $39,300
  • Net Operating Income: $21,846
  • Gross Operating Income: $39,300
  • Vacancy Allowance: $0
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Laundry Own/Lease: Own
  • Other Income 1: $0
  • Other Income 2: $0
Annual Expense Breakdown
  • Total Operating Expense: $17,454
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $375
  • New Taxes: $9,999
  • Furniture Replacement: $0
  • Trash: $1,980
  • Cable TV: $0
  • Gardener: $960
  • Insurance: $1,800
  • Maintenance: $0
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $2,340
  • Other Expenses: $0

Property Details for 6427 S Figueroa St

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: Back Yard, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 6004020044
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Gage Ave and Figueroa St
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

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Sale History for 6427 S Figueroa St

Last sold for $555,000 on July 13th, 2023
  • July, 2023

  • Jul 13, 2023

    Date

    Sold

    CRMLS: DW23008462

    $555,000

    Price

  • Jan 20, 2023

    Date

    Active

    CRMLS: DW23008462

    $799,950

    Price

  • December, 2014

  • Dec 26, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 6427 S Figueroa St

Assessed Value (2020): $336,424
Year Land Value Improved Value Assessed Value
2020 $168,212 $168,212 $336,424

Home Value Compared to the Market

This property vs the competition

6427 S Figueroa St sold on July 13, 2023 for 38.06% 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 $199.4 per/sqft which puts the price per square foot 73.55% lower than the current median sale per square foot for the city of Los Angeles.

About 6427 S Figueroa St

Detailed summary of property

6427 S Figueroa St is a triplex that recently sold in Los Angeles, CA 90003. This triplex offered 8 bedrooms, 3 bathrooms, roughly 3,510 living square feet, and sits on an approximately 6,004 square foot lot. 6427 S Figueroa St was first listed on ArdentRealEstateGroup.com on January 20, 2023. The homeowner sold the property for $555,000. 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 38.06% lower than the current median priced home. Local homes that are currently for sale include 845 E 80th St, 3721 Wall St and 936 E 91st St. While the average home in Los Angeles, CA is selling in 99 days, 6427 S Figueroa St has a days on market of 91 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 6427 S Figueroa St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6427 S Figueroa St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
3,510
Lot Size
6,003
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
430
APN
6004-020-044

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$575,000
Median List Price/Sq.Ft.
$583
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$479
Total Inventory
44
Median Sale to List Price %
94.02%
Avg Days on Market
140
Loan Type
Conventional (50%), FHA (16.67%), 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.