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7307 S Figueroa St, Los Angeles, CA 90003
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7307 S Figueroa St Los Angeles, CA 90003

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

Property Overview: 7307 S Figueroa St Los Angeles, CA has -- 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: 1 minute ago | Last updated: September 4th, 2024 | Source CRMLS | DOM: 43

Home details

Lot Sq. Ft
6,243
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
SB24162401
City
Los Angeles
County
Los Angeles
Time on Site
43 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property 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: --

Open Houses for 7307 S Figueroa St

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Property Details for 7307 S Figueroa St

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Common Interest: None
Property Information
  • Parcel Number: 6020025013
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross Streets are Florence and Figueroa
View more facts & features

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Sale History for 7307 S Figueroa St

Last sold for $625,000 on October 23rd, 2006

  • August, 2024

  • Aug 6, 2024

    Date

    Active

    CRMLS: SB24162401

    $110,000

    Price

  • October, 2006

  • Oct 23, 2006

    Date

    Sold (Public Records)

    Public Records

    $625,000

    Price

  • December, 2002

  • Dec 13, 2002

    Date

    Sold (Public Records)

    Public Records

    $285,000

    Price

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Tax History for 7307 S Figueroa St

Assessed Value (2020): $617,118
Year Land Value Improved Value Assessed Value
2020 $377,469 $239,649 $617,118

Home Value Compared to the Market

This property vs the competition

7307 S Figueroa St 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 $768 and this home is listed at $235.73 per/sqft which puts the price per square foot 69.31% lower than the median price per square foot for the city of Los Angeles.

About 7307 S Figueroa St

Detailed summary of property

7307 S Figueroa St is a multi family located in Los Angeles, CA 90003 and is currently for sale. This multi family property offers -- bedrooms, -- bathrooms, roughly 4,221 living square feet, and sits on an approximately 6,243 square foot lot. 7307 S Figueroa St was first listed on ArdentRealEstateGroup.com on August 7, 2024. The homeowner is currently asking $995,000 and was originally asking $110,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. 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 4111 S Broadway, 2214 W Florence Ave and 889 E Vernon Ave. While the average home in Los Angeles, CA is selling in 106 days, 7307 S Figueroa St has a days on market of 43 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. For more information on this home for sale at 7307 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 7307 S Figueroa St

Public county record property details
Beds
10
Baths
5
Year built
1965
Sq. Ft.
4,221
Lot Size
6,240
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
74
APN
6020-025-013

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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