1053 Figueroa Ter
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1053 Figueroa Ter
5 Unit Apartment Building $1,999,000 ($399,800/Unit) 4.99% Cap Rate Los Angeles, CA 90012
Investment Highlights
- Well maintained city view newer apartment building with excellent curb appeal and a large townhome style (2,641sq.ft) OWNER UNIT w/ 2 car garage.
- Below market rent, great upside potential.
- Easy access to freeways, LADT financial , fashion & art districts, Crypto Arena,Dodger Stadium, LA Convention Center, Hospital, Parks,USC & much more
- Outside laundry & storage rooms with best possibilities for ADU are utility ready & w/drywalls & windows. Buyer to Investigate Feasibility.
- Surrounded by newer million-dollar condos built in 2021. Subject property custom built by owner in 1992
- Building underwent fumigation October 2021
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,999,000 | Apartment Style | Low Rise |
| Price Per Unit | $399,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.99% | Building Size | 7,658 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1992 |
| Property Subtype | Apartment | Parking Ratio | 1.31/1,000 SF |
| Price | $1,999,000 |
| Price Per Unit | $399,800 |
| Sale Type | Investment |
| Cap Rate | 4.99% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,658 SF |
| No. Stories | 3 |
| Year Built | 1992 |
| Parking Ratio | 1.31/1,000 SF |
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Storage Space
- Kitchen
- Range
- Views
- Carpet
- Deck
- Patio
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3.5 | 1 | $4,800 | 2,641 |
| 3+2 | 2 | $1,950 | - |
| 2+1 | 2 | $1,360 | - |
Walk Score ®
Very Walkable (72)
Transit Score ®
Excellent Transit (75)
PROPERTY TAXES
| Parcel Number | 5406-022-015 | Improvements Assessment | $610,842 (2024) |
| Land Assessment | $530,949 (2024) | Total Assessment | $1,141,791 (2024) |
PROPERTY TAXES
Parcel Number
5406-022-015
Land Assessment
$530,949 (2024)
Improvements Assessment
$610,842 (2024)
Total Assessment
$1,141,791 (2024)
zoning
| Zoning Code | LARD1.5 (Residential) |
| LARD1.5 (Residential) |
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1053 Figueroa Ter
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