4509 S Figueroa St | Los Angeles, CA 90037
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- LoopNet Team
4509 S Figueroa St
Los Angeles, CA 90037
Fourplex on C2 TOC Tier 3 Parcel · Multifamily Property For Sale · 4 Units
Investment Highlights
- Two-story fourplex located on a large 7,503 square foot C2 TOC Tier 3 Zoned parcel
- Attractive 5% cap rate, but has approximately 39% upside in income
- Six parking spaces and ample open-space common area
- Potential development of 32 units + 9 ADU's using the TOC menu; or, 55 units as a 100% affordable project
- Three 2-bedroom units, and one 1-bedroom unit with an average size of 857 square feet
- Minutes from USC, the LA Memorial Coliseum, and the Natural History Museum of Los Angeles
PROPERTY FACTS
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Kitchen
- Yard
Site Amenities
- Courtyard
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,800 | 856 |
| 2+1 | 3 | $2,600 | 856 |
PROPERTY TAXES
| Parcel Number | 5018-031-001 | Improvements Assessment | $265,302 |
| Land Assessment | $583,664 | Total Assessment | $848,966 |
PROPERTY TAXES
Parcel Number
5018-031-001
Land Assessment
$583,664
Improvements Assessment
$265,302
Total Assessment
$848,966
zoning
| Zoning Code | C2 TOC Tier 3 |
| C2 TOC Tier 3 |
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