7407 S Figueroa St, Los Angeles, CA 90003
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7407 S Figueroa St Los Angeles, CA 90003

$699,999
  • 6 Beds
  • 4 Baths
  • 2,415 Sq.Ft.
For Sale
$699,999 Get Pre-Qualified

Map preview of 7407 S Figueroa St, Los Angeles, CA 90003

Property Overview: 7407 S Figueroa St Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,415 living square feet and 6,240 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: Discover potential in the heart of Los Angeles at 7407 S Figueroa St, CA 90003 - a two unit property with 3 bedrooms and 2 bathrooms in each unit. While these apartments hold promise, it does require some tender loving care (TLC). This presents a unique opportunity for those looking to invest in a property that allows for personalization and improvement. Take advantage of the prime location, urban convenience, and make this your canvas for creating a stylish and comfortable haven. Don't mis the chance to turn this property into a gem with your personal touch!

Listed by Esteban Contreras | BRE #01975384 | Central Valley Property Advisors
Last checked: 10 minutes ago | Last updated: March 29th, 2024 | Source CRMLS | DOM: 79
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Call/Text (714) 706-1823

Home details

Lot Sq. Ft
6,240
HOA Dues
$0/mo
Year built
1947
Garage
--
Property Type:
Duplex
Status
Active
MLS#
MD24027009
City
Los Angeles
County
Los Angeles
Time on Site
87 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $3,585
  • Total Rent: $3,585
  • Pro Forma/Market Rent: $6,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.7%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $43,020
  • Net Operating Income: $18,807
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $13,265
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $3,480
  • Insurance: $708
  • Water/Sewer: $3,480

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Property Details for 7407 S Figueroa St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile
Kitchen Information
  • Has Appliances
  • 6 Burner Stove, Gas Oven
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 6020024013
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Close to the 110 Freeway, on the Corner by 74th Avenue
Neighborhood Information
  • Community Features: Sidewalks, Urban
View more facts & features

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Sale History for 7407 S Figueroa St

Last sold for $400,000 on March 18th, 2019
  • February, 2024

  • Feb 7, 2024

    Date

    Active

    CRMLS: MD24027009

    $815,000

    Price

  • March, 2019

  • Mar 18, 2019

    Date

    Sold (Public Records)

    Public Records

    $400,000

    Price

  • July, 2013

  • Jul 10, 2013

    Date

    Sold (Public Records)

    Public Records

    $225,000

    Price

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Tax History for 7407 S Figueroa St

Assessed Value (2020): $408,000
Year Land Value Improved Value Assessed Value
2020 $285,600 $122,400 $408,000

Home Value Compared to the Market

This property vs the competition

7407 S Figueroa St is listed 42.86% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $289.85 per/sqft which puts the price per square foot 62.55% lower than the median price per square foot for the city of Los Angeles.

About 7407 S Figueroa St

Detailed summary of property

7407 S Figueroa St is a duplex located in Los Angeles, CA 90003 and is currently for sale. This duplex offers 6 bedrooms, 4 bathrooms, roughly 2,415 living square feet, and sits on an approximately 6,240 square foot lot. 7407 S Figueroa St was first listed on ArdentRealEstateGroup.com on February 7, 2024. The homeowner is currently asking $699,999 and was originally asking $815,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 42.86% lower than the median priced home. Local competing homes currently for sale include 447 W 84th St, 6414 S Hoover St and 240 W 82nd St. While the average home in Los Angeles, CA is selling in 96 days, 7407 S Figueroa St has a days on market of 79 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 7407 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 7407 S Figueroa St

Public county record property details
Beds
6
Baths
4
Year built
1947
Sq. Ft.
2,415
Lot Size
6,240
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
124
APN
6020-024-013

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
$580,000
Median List Price/Sq.Ft.
$580
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
38
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%)

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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.