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8330 S Figueroa St, Los Angeles, CA 90003
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8330 S Figueroa St Los Angeles, CA 90003

$1,150,000 Sold Price as of 04/18/2023
  • 8 Beds
  • 8 Baths
  • 4,556 Sq.Ft.
Sold
$1,150,000 Sold Price as of 04/18/2023 Refinance Your Mortgage
Map preview of 8330 S Figueroa St, Los Angeles, CA 90003

Property Overview: 8330 S Figueroa St Los Angeles, CA has 8 bedrooms, 8 bathrooms, 4,556 living square feet and 6,280 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: BACK TO THE MARKET. Great Investment Opportunity to own this 8 units property. Two story building with 4 apartments of one bedroom each and 2 duplexes with 4 little bungalows counting one bedroom each one. owner has recently remodeled some of the bathrooms and installed new electrical panel. Roof of the bungalows were installed 2 years ago. Property is just minutes away from 105 and 110 fwys, close to new Stadiums and convention centers. Strong rental market. never vacant. The majority of the units are below market rental but all tenants are current and investor has a true opportunity to increase the cash flow and the cap rate. Tenants are not aware of the sale. Please make an offer subject to interior inspection. See pictures of the condition of kitchen and bathrooms.

Listed by SUSANA BOGGIO | BRE #01439504 | TAMAYO & ASSOC. R.E.
Last checked: 5 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 141

Home details

Lot Sq. Ft
6,280
HOA Dues
$0/mo
Year built
1936
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
WS22211133
City
Los Angeles
County
Los Angeles
Time on Site
607 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 3
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $598
  • Total Rent: $8,472
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $16,800
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $973
  • Total Rent: $11,580
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $985
  • Total Rent: $11,676
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,020
  • Total Rent: $12,996
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,101
  • Total Rent: $13,800
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $13,212
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $12,240
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $101,776
  • Net Operating Income: $87,801
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $13,975
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $5,967
  • Professional Management: $0
  • Water/Sewer: $8,008

Property Details for 8330 S Figueroa St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Room Information
  • Flooring: Laminate, Tile, Vinyl
  • Galley Kitchen, Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Gas Range
Interior Features
  • Ceiling Fan(s), Formica Counters, Tile Counters
  • Levels: One, Two
Exterior Features
Exterior Information
  • Roof: Flat, Mixed, Shingle
  • Has Fence
  • Chain Link
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: Lot 6500-9999, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 8
  • Parcel Number: 6032033005
  • Year Built Source: Assessor
  • Property is Attached
  • Property Condition: Repairs Cosmetic, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Private
  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Figueroa St North of Manchester
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 8330 S Figueroa St

Last sold for $1,150,000 on April 18th, 2023

  • April, 2023

  • Apr 18, 2023

    Date

    Sold

    CRMLS: WS22211133

    $1,150,000

    Price

  • Oct 3, 2022

    Date

    Active

    CRMLS: WS22211133

    $1,400,000

    Price

  • February, 2018

  • Feb 12, 2018

    Date

    Canceled

    CRMLS: 17293370

    $900,000

    Price

  • Dec 20, 2017

    Date

    Pending

    CRMLS: 17293370

    $900,000

    Price

  • Dec 5, 2017

    Date

    Active

    CRMLS: 17293370

    $900,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer this eight (8) unit multifamily investment offering, located in the City of Los Angeles and subject to the rent stabilization ordinance. The subject property was constructed of wood frame and stucco in 1936, with approximately 4,556 rentable square feet on a 6,280-square foot corner parcel. The asset is comprised of three (3) separate structures which include a fourplex as well as two (2) adjacent bungalow styled duplexes just east of the fourplex. The unit mix consists of eight (8) spacious 1+1 units. Building amenities include updated aluminum windows throughout, gated entry with a wrought iron gate, individual water heaters in each unit, and the building is separately metered for both gas and electricity.

  • March, 2017

  • Mar 1, 2017

    Date

    Expired

    CRMLS: 17196212

    $799,000

    Price

  • Feb 1, 2017

    Date

    Active

    CRMLS: 17196212

    $799,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer this eight (8) unit multifamily investment offering, located in the City of Los Angeles and subject to the rent stabilization ordinance.The subject property was constructed of wood frame and stucco in 1936, with approximately 4,556 rentable square feet on a 6,280 square foot corner parcel. The asset is comprised of three (3) separate structures which include a fourplex as well as two (2) adjacent bungalow styled duplexes just east of the fourplex. The unit mix consists of eight (8) spacious 1+1 units. Building amenities include updated aluminum windows throughout, gated entry with a wrought iron gate, individual water heaters in each unit, and the building is separately metered for both gas and electricity.

  • March, 2004

  • Mar 5, 2004

    Date

    Sold (Public Records)

    Public Records

    $40,000

    Price

  • March, 2001

  • Mar 1, 2001

    Date

    Sold (Public Records)

    Public Records

    $330,000

    Price

Show More

Tax History for 8330 S Figueroa St

Assessed Value (2020): $520,006
Year Land Value Improved Value Assessed Value
2020 $260,003 $260,003 $520,006

Home Value Compared to the Market

This property vs the competition

8330 S Figueroa St sold on April 18, 2023 for 10.62% 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 $274.36 per/sqft which puts the price per square foot 63.61% lower than the current median sale per square foot for the city of Los Angeles.

About 8330 S Figueroa St

Detailed summary of property

8330 S Figueroa St is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 4,556 living square feet, and sits on an approximately 6,280 square foot lot. 8330 S Figueroa St was first listed on ArdentRealEstateGroup.com on October 3, 2022. The homeowner sold the property for $1,150,000. 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 10.62% higher than the current median priced home. Local homes that are currently for sale include 9004 S San Pedro St, 138 W 66th St and 1346 W 83rd Pl. While the average home in Los Angeles, CA is selling in 94 days, 8330 S Figueroa St has a days on market of 141 days. There are currently 3780 homes for sale in the Los Angeles real estate market and 2562 of them are single family homes while 1120 of them are condos and 92 are townhomes. For more information on this home for sale at 8330 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 8330 S Figueroa St

Public county record property details
Beds
8
Baths
8
Year built
1936
Sq. Ft.
4,556
Lot Size
6,280
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
6032-033-005

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.
$588
Median Sold Price
$535,000
Median Sold Price/Sq.Ft.
$575
Total Inventory
39
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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