CA > Los Angeles
Los Angeles, CA 90003,10507 S Figueroa Street
Los Angeles, CA 90003,10507 S Figueroa Street
Los Angeles, CA 90003,10507 S Figueroa Street
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$2,225,000
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9,760 SqFt
Active

10507 S Figueroa Street Los Angeles, CA 90003

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Disen Cai

Disen Cai

+1(650) 622-2156

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 9,760 sqft

Price per Sqft $227

MLS Listing ID CL25484617

HOA Y/N No

Year Built 1956

Lot Size 10,432 Sqft

Acres 0.24

Property Sub-Type Other

Property Description

Introducing, for the first time on market in over 20 years, the opportunity to purchase 10507 and 10511 S Figueroa Street. This investment opportunity consists of 16 one bedroom + one bath units and is priced to sell at only $139,000/unit and a 9.75 GRM at current numbers. Tenants enjoy onsite parking and a close proximity to the 110 and 105 freeways. The economics of the offering show immediate returns at the current income level. However, with market rents continuing in an upward trend, an aggressive management approach may realize a significant upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historically low vacancy rates and consistent rent growth over the same period. Section 8 vouchers are currently $2,172 for 1-bedroom units.

Location

State CA

County Los Angeles

Zoning LAC2

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Building

New Construction No

Others

Tax ID 6061025026

Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Enrique Viramontes • Remax Commercial and Investment Realty

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agent

Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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