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7307 Figueroa, Los Angeles, CA 90003
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7307 Figueroa Los Angeles, CA 90003

$995,000
  • 50 Beds
  • 0 Baths
  • 4,221 Sq.Ft.
For Sale
$995,000 Get Pre-Qualified
Map preview of 7307 Figueroa, Los Angeles, CA 90003

Property Overview: 7307 Figueroa Los Angeles, CA has 50 bedrooms, -- bathrooms, 4,221 living square feet and 6,243 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: ThiS Property has 4,221 SF of living space consisting of five (5) two- bedroom/one-bathroom units situated on a 6,243 SF lot. The property is currently grossing $101,664 annually with more than 30% rental upside. This Property offers an investor the opportunity to acquire a high-cashflow property in the strong rental market of South Los Angeles. By implementing a value-add program to raise the rents to market-rate, 7307 S Figueroa presents an amazing investment of any value-add buyer.

Listed by Marcus Nasrollahy | BRE #02207189 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Nico Rosmarin | BRE #02023847 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 11 minutes ago | Last updated: September 4th, 2024 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft
6,243
HOA Dues
$0/mo
Year built
1965
Garage
5 Car
Property Type:
Mixed Use
Status
Active
MLS#
SB24166481
City
Los Angeles
County
Los Angeles
Time on Site
34 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 5
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 10
  • # of Baths: 0
  • Garage Spaces: 5
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $101,664
  • Total Rent: $101,664
  • Pro Forma/Market Rent: $138,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $101,664
  • Net Operating Income: $67,407
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $31,000
  • Trash: $0
  • Insurance: $2,826
  • Professional Management: $4,000

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Property Details for 7307 Figueroa

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 6020025013
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross Streets are Florence and Figueroa
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 7307 Figueroa

View property's historical transactions

  • August, 2024

  • Aug 12, 2024

    Date

    Active

    CRMLS: SB24166481

    $1,100,000

    Price

Tax History for 7307 Figueroa

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

7307 Figueroa is listed 17.08% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $766 and this home is listed at $235.73 per/sqft which puts the price per square foot 69.23% lower than the median price per square foot for the city of Los Angeles.

About 7307 Figueroa

Detailed summary of property

7307 Figueroa is a mixed use located in Los Angeles, CA 90003 and is currently for sale. This mixed use property offers 50 bedrooms, -- bathrooms, roughly 4,221 living square feet, and sits on an approximately 6,243 square foot lot. 7307 Figueroa was first listed on ArdentRealEstateGroup.com on August 12, 2024. The homeowner is currently asking $995,000 and was originally asking $1,100,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $766. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 17.08% lower than the median priced home. Local competing homes currently for sale include 1645 Vine St #905, 5718 E Beverly Blvd and 10375 Wilshire Blvd #7D. While the average home in Los Angeles, CA is selling in 104 days, 7307 Figueroa has a days on market of 34 days. There are currently 4084 homes for sale in the Los Angeles real estate market and 2797 of them are single family homes while 1162 of them are condos and 119 are townhomes. For more information on this home for sale at 7307 Figueroa 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 7307 Figueroa

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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
$599,000
Median List Price/Sq.Ft.
$574
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$535
Total Inventory
47
Median Sale to List Price %
103%
Avg Days on Market
31
Loan Type
Conventional (41.67%), FHA (16.67%), VA (0%), Cash (16.67%), Other (25%)

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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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