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7404 S Figueroa St, Los Angeles, CA 90003
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7404 S Figueroa St Los Angeles, CA 90003

$985,000 Sold Price as of 08/24/2022
  • 42 Beds
  • 21 Baths
  • 4,296 Sq.Ft.
Sold
$985,000 Sold Price as of 08/24/2022 Refinance Your Mortgage
Map preview of 7404 S Figueroa St, Los Angeles, CA 90003

Property Overview: 7404 S Figueroa St Los Angeles, CA has 42 bedrooms, 21 bathrooms, 4,296 living square feet and 11,600 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Well Located 6 units in a 11,600 SQF lot with C2 Zoning on Figueroa St. !! The 6 units are in 3 buildings of two units,, with 2 Bed 1 bath each. A big three car garage building in the back and each building has 2 car spaces on the side. Property is sold as is with all units rented and occupied. A lot of potential, either residential or commercial. DUE TO THE COVID 19 PANDEMIC SITUATION PLEASE DO NOT DISTURB OCCUPANTS, tenants not aware of sale. ONLY DRIVE BY FOR NOW. Show only with offer. MLS LISTING DESCRIPTION is deemed reliable, but may not be accurate. All buyer's and agents/brokers MUST verify all information for accuracy and complete all due diligence. SELLER AND LISTING AGENT LIST PROPERTY INFORMATION TO THE BEST OF THEIR KNOWLEDGE, BUT DO NOT GUARANTEE ANY OF THE INFORMATION PROVIDED. THIS IS A PROBATE LISTING WITH NO COURT CONFIRMATION REQUIRED - OFFERS NEED TO BE DONE ON PROPER PROBATE DOCUMENTS AND BE SEND WITH PRE-APPROVALS AND PROOF OF FUNDS.

Listed by Daniel Franco | BRE #01310765 | Daniel A. Franco, SRES
Last checked: 14 minutes ago | Last updated: September 2nd, 2022 | Source CRMLS | DOM: 91

Home details

Lot Sq. Ft
11,600
HOA Dues
$0/mo
Year built
1923
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
22121029
City
Los Angeles
County
Los Angeles
Time on Site
845 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 4
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 5
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 6
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $735
  • Total Rent: $735
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 21.95
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $10
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 7404 S Figueroa St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Interior Features
  • Security Features: Gated Community, Smoke Detector(s), Window Bars, Carbon Monoxide Detector(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Driveway, Garage - Three Door, Gated
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 6020031010
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: 110 south from L.A. exit Florence make right then Left on Figueroa, property on your left.
View more facts & features

Local Los Angeles Agent

Sale History for 7404 S Figueroa St

Last sold for $985,000 on August 24th, 2022

  • August, 2022

  • Aug 24, 2022

    Date

    Sold

    CRMLS: 22121029

    $985,000

    Price

  • Jan 23, 2022

    Date

    Active

    CRMLS: 22121029

    $1,350,000

    Price

  • January, 2021

  • Jan 16, 2021

    Date

    Expired

    CRMLS: DW20023597

    $1,100,000

    Price

  • Apr 18, 2020

    Date

    Active

    CRMLS: DW20023597

    $1,100,000

    Price

  • Mar 22, 2020

    Date

    Hold

    CRMLS: DW20023597

    $1,100,000

    Price

  • Feb 26, 2020

    Date

    Price Change

    CRMLS: DW20023597

    $1,100,000

    Price

  • Feb 4, 2020

    Date

    Active

    CRMLS: DW20023597

    $1,050,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT OPPORTUNITY TO OWN THIS THREE SEPARATE BUILDING UNITS. Each building contains 2 bedrooms & 1 bathroom with separate gas and electric meters. There is definitely income grow opportunity with the future rents. The county assessor shows 15 bedrooms with 6 bathrooms. The buyer is advised to independently verify the accuracy of all information through personal inspection and appropriate professionals. Property is conveniently locate near restaurants, schools, shopping center and freeways. Property is fully occupied. Please Do not walk in to the property, drive by only.

  • July, 2006

  • Jul 27, 2006

    Date

    Sold (Public Records)

    Public Records

    $695,000

    Price

  • September, 2000

  • Sep 7, 2000

    Date

    Sold (Public Records)

    Public Records

    $133,500

    Price

Show More

Tax History for 7404 S Figueroa St

Assessed Value (2020): $851,414
Year Land Value Improved Value Assessed Value
2020 $612,529 $238,885 $851,414

Home Value Compared to the Market

This property vs the competition

7404 S Figueroa St sold on August 24, 2022 for 13.45% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $314.25 per/sqft which puts the price per square foot 58.38% lower than the current median sale per square foot for the city of Los Angeles.

About 7404 S Figueroa St

Detailed summary of property

7404 S Figueroa St is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered 42 bedrooms, 21 bathrooms, roughly 4,296 living square feet, and sits on an approximately 11,600 square foot lot. 7404 S Figueroa St was first listed on ArdentRealEstateGroup.com on January 24, 2022. The homeowner sold the property for $985,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 13.45% higher than the current median priced home. Local homes that are currently for sale include 138 W 66th St, 6207 S Figueroa St and 526 W 84th St. While the average home in Los Angeles, CA is selling in 92 days, 7404 S Figueroa St has a days on market of 91 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 7404 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 7404 S Figueroa St

Public county record property details
Beds
15
Baths
6
Year built
1923
Sq. Ft.
4,296
Lot Size
11,600
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
P
APN
6020-031-010

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
$598,000
Median List Price/Sq.Ft.
$582
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
37
Median Sale to List Price %
100%
Avg Days on Market
66
Loan Type
Conventional (0%), FHA (66.67%), VA (0%), Cash (0%), Other (16.67%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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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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