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8324 S Figueroa St, Los Angeles, CA 90003
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8324 S Figueroa St Los Angeles, CA 90003

$1,500,000 Sold Price as of 11/10/2021
  • 11 Beds
  • 8 Baths
  • 4,580 Sq.Ft.
Sold
$1,500,000 Sold Price as of 11/10/2021 Refinance Your Mortgage
Map preview of 8324 S Figueroa St, Los Angeles, CA 90003

Property Overview: 8324 S Figueroa St Los Angeles, CA has 11 bedrooms, 8 bathrooms, 4,580 living square feet and 6,279 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This property is perfect for any investor looking for a good Cap Rate*** No Rent Control***Built in 2018*** New 4 unit income property.... Good location & easy management *** Drought resistant landscaping, a brand newer electric gate opener, ample parking*** This the perfect buy for someone after low maintenance and high return investment *** Each unit comes equipped with washer dryer hookups, a stove, refrigerator and much more.

Listed by Jin Kim | BRE #01740468 | New Star Realty & Investment
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft
6,279
HOA Dues
$0/mo
Year built
2018
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW21154870
City
Los Angeles
County
Los Angeles
Time on Site
1081 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.1%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $111,600
  • Net Operating Income: $92,064
  • Gross Operating Income: --
  • # of Rented Garages: 2
Annual Expense Breakdown
  • Total Operating Expense: $19,536
  • New Taxes: $16,851
  • Trash: $0
  • Gardener: $720
  • Insurance: $1,485

Property Details for 8324 S Figueroa St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Range, Refrigerator
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Has Fence
  • Wrought Iron
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: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 6032033004
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Th110 and Manchester Exit and S Figueroa
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 8324 S Figueroa St

Last sold for $1,500,000 on November 10th, 2021

  • August, 2021

  • Aug 28, 2021

    Date

    Active Under Contract

    CRMLS: PW21154870

    $1,549,000

    Price

  • Jul 15, 2021

    Date

    Active

    CRMLS: PW21154870

    $1,549,000

    Price

  • June, 2021

  • Jun 25, 2021

    Date

    Canceled

    CRMLS: DW21042593

    $1,500,000

    Price

  • Mar 3, 2021

    Date

    Active

    CRMLS: DW21042593

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    6.1% CAP!!! No Rent Control. Built in 2018! 8324 S Figueroa St. is a new 4 unit income property. Photos and video will show how new and clean the property is. Each unit comes equipped with washer dryer hookups, a stove, refrigerator and much more.

  • September, 2018

  • Sep 28, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,320,000

    Price

  • August, 2018

  • Aug 15, 2018

    Date

    Canceled

    CRMLS: OC18168739

    $1,350,000

    Price

  • Jul 23, 2018

    Date

    Hold

    CRMLS: OC18168739

    $1,350,000

    Price

  • Jul 16, 2018

    Date

    Active

    CRMLS: OC18168739

    $1,350,000

    Price

  • Listing provided courtesy of CRMLS

    Coming soon, a beautiful brand new construction contemporary quadraplex. Two detached duplexes on one lot featuring 1 unit 3 beds 3 baths, 2 units 3 beds 2 baths, and 1 unit 2 beds 1 bath. This building has NO RENT CONTROL and will be delivered vacant to maximize rents. Each unit is individually metered for all utilities and washer/dryer hookups. The entire building is green certified with a gold rating meaning it is highly efficient, cost-effective and code compliant. It is less than 3.5 miles from the USC Coliseum and new LA Futbol Club Stadium. The building has 4 metro bus lines within a quarter-mile with more on the way. These units feature an open floor plan, custom cabinets, quartz countertops in the kitchens and bathrooms, new appliances, low voltage LED lighting, automatic fire sprinkler system, custom window shades, laminate wood flooring, and oversized bedrooms. Built by one of LA’s most reputable builders this new development exemplifies the highest quality of workmanship with detailed finishes. Drought resistant landscaping, a brand new electric gate opener, ample parking and new slab/ driveway make this the perfect buy for someone after low maintenance and high return investment.

  • November, 2017

  • Nov 29, 2017

    Date

    Sold

    CRMLS: DW17149243

    $330,000

    Price

  • Nov 16, 2017

    Date

    Active Under Contract

    CRMLS: DW17149243

    $335,000

    Price

  • Sep 27, 2017

    Date

    Pending

    CRMLS: DW17149243

    $335,000

    Price

  • Sep 15, 2017

    Date

    Active

    CRMLS: DW17149243

    $335,000

    Price

  • Sep 15, 2017

    Date

    Price Change

    CRMLS: DW17149243

    $335,000

    Price

  • Sep 11, 2017

    Date

    Pending

    CRMLS: DW17149243

    $350,000

    Price

  • Aug 31, 2017

    Date

    Price Change

    CRMLS: DW17149243

    $350,000

    Price

  • Jul 10, 2017

    Date

    Price Change

    CRMLS: DW17149243

    $374,900

    Price

  • Jun 30, 2017

    Date

    Active

    CRMLS: DW17149243

    $380,000

    Price

  • Listing provided courtesy of CRMLS

    8324 S Figueroa St, Los Angels, CA is a single family home that contains 820 sqft and was built in 1922. it contains 2 bedrooms and 1 bathroom. This property is a good opportunity for investors! you can built 3 units. Property had 4 car garages.

  • November, 2017

  • Nov 29, 2017

    Date

    Sold (Public Records)

    Public Records

    $330,000

    Price

Show More

Tax History for 8324 S Figueroa St

Assessed Value (2020): $1,346,400
Year Land Value Improved Value Assessed Value
2020 $807,840 $538,560 $1,346,400

Home Value Compared to the Market

This property vs the competition

8324 S Figueroa St sold on November 10, 2021 for 37.08% higher 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 $338.21 per/sqft which puts the price per square foot 55.14% lower than the current median sale per square foot for the city of Los Angeles.

About 8324 S Figueroa St

Detailed summary of property

8324 S Figueroa St is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered 11 bedrooms, 8 bathrooms, roughly 4,580 living square feet, and sits on an approximately 6,279 square foot lot. 8324 S Figueroa St was first listed on ArdentRealEstateGroup.com on July 15, 2021. The homeowner sold the property for $1,500,000. 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 37.08% higher than the current median priced home. Local homes that are currently for sale include 1229 W Gage Ave, 432 W 107th St and 907 E 88th St. While the average home in Los Angeles, CA is selling in 99 days, 8324 S Figueroa St has a days on market of 36 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 8324 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 8324 S Figueroa St

Public county record property details
Beds
11
Baths
8
Year built
--
Sq. Ft.
4,726
Lot Size
6,278
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
6032-033-004

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
$535,000
Median Sold Price/Sq.Ft.
$575
Total Inventory
42
Median Sale to List Price %
101.9%
Avg Days on Market
34
Loan Type
Conventional (0%), FHA (11.11%), VA (11.11%), Cash (44.44%), Other (33.33%)

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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