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5-Units - Fully Occupied 10908 S Figueroa St

5 Unit Apartment Building $900,000 ($180,000/Unit) 5.40% Cap Rate Los Angeles, CA 90061

Executive Summary

We are proud to present 10908 S Figueroa St a 5-unit property located in Los Angeles, operating at a 5.40% CAP and a 10.31 GRM on current rents, with potential upside to a 9.85% CAP and a 6.88 GRM on pro forma rents.
The property consists of three separate buildings constructed in 1926 with a unit mix of one (1) two-bedroom units, two (2) one-bedroom units and two (2) studio units. Four out of five units have been renovated. There are also five uncovered parking spaces in the rear accessible by alley.
This opportunity is located in close proximity to the 110 and 105 freeways, as well as a number of community establishments such as Balbuena’s Mexican, Superior Grocers, Taco Vaquero, Playa Dorada and Surprise Market.
Contact Casey Lins at 714-333-6768 or Casey.Lins@kidder.com for additional information.

Property Facts

Price $900,000
Price Per Unit $180,000
Sale Type Investment
Cap Rate 5.40%
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.12 AC
Building Size 2,815 SF
No. Stories 1
Year Built 1926
Parking Ratio 1.78/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6075-033-042
Land Assessment
$536,099
Improvements Assessment
$235,883
Total Assessment
$771,982

zoning

Zoning Code LAC2 (Commercial Store Combination)
LAC2 (Commercial Store Combination)
  • Listing ID: 33448295

  • Date on Market: 10/8/2024

  • Last Updated:

  • Address: 10908 S Figueroa St, Los Angeles, CA 90061

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