11425 Figueroa St, Los Angeles, CA 90061

16 Unit Apartment Building | $2,500,000 ($156,250/Unit) | 7.32% Cap Rate | Los Angeles, CA 90061

For Sale

Active

7 pictures

Asking Price $2,500,000

Property Type: Multifamily
Square Feet: 4,792 SF

Listing Contacts

Griffin White

Property Overview

The unit mix consists of fourteen 0+1 and two 1+1 units. The investment consists of approximately 4,792 of rentable square feet and is situated on an approximately 8,138 square foot parcel. Recent property upgrades include new exterior paint, new exterior lighting, new exterior building and unit numbers, and eight of the units have recently been renovated. The building amenities include a large parking area with nine total spaces, an on-site laundry room generating additional income, and the property is separately metered for electricity.
Call/email Griffin White for complete package. PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS 2) Interior Inspection/Books & Records Granted with an Accepted Offer. 3) Submit Proof of Funds & Pre-Qualification Letter with Offer. Broker/agent do not guarantee the accuracy of the square footage, lot size, development potential, or any other information concerning the conditions or features of the property provided by the Seller or obtained from public records or other sources. Buyer is advised to independently verify and complete own due diligence to verify accuracy of all information through physical and personal inspections and with appropriate professionals. Sellers are licensed real estate brokers in the state of California.

Property Details

Class: C
Year Built: 1953
Stories: 2
Lot Size (sq. ft): 8,276 SF
Units: 16

Highlights

UNIT MIX: FOURTEEN 0+1 & TWO 1+1 UNITS
EIGHT UNITS HAVE BEEN RECENTLY RENOVATED
NEW EXTERIOR PAINT AND LIGHTS
NEW BUILDING AND UNIT NUMBERS
LARGE PARKING AREA WITH 9 SPACES
SEPERATELY METERED FOR ELECTRICITY

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