Address
10409 S Figueroa Street Los Angeles, CA
Price
$ 589,000
Property Attributes
  • MLS#21695732
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMetropolitan Southwest
  • Zip90003
  • Style
  • Price$ 589,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Lot Size2,981 SqFt
Listing Provided Courtesy Of:
Negin Stern with LeMark Realty.
Data Source:
CRMLS
Property Description

7% CAP RATE! Unheard of in LA and cash flowing opportunity for investors with both units Section 8 approved generating $3,830 monthly gross income. This is a centrally located income producing property with LAC2 zoning. Both units have been recently remodeled. Updated kitchens, electrical, and copper plumbing. Tile flooring throughout communal areas with laminate flooring in the bedrooms. 3 bed/2 bath back unit features remodeled kitchen with stainless steel appliances. Front unit is of similar style and consists of 1 bed/1 bath. Large driveway with room for RV and possibly up to 5 cars. Owner pays only water and units are separately metered for electricity and gas. Tenant pays electricity, gas, and trash. Convenient access to USC, YMCA, public transportation, shopping, and the 110 and 105 freeways while being just moments away from the new home of the Rams and state of the art entertainment venue SoFi Stadium!

Price History
2/20/2021 Listed $589,000

General Features

Co-Listing Agent State License # 01889817
Garage Y/N Yes
Heating Forced Air
Listing Agent Negin Stern - BRE#01729055
Listing Agent State License 01729055
MLS Area C36 - Metropolitan Southwest
Parking Features Driveway, Garage, RV Potential, Tandem
Property Type Residential Income
Special Listing Conditions Standard
Total Actual Rent 3830
Total Units 2
Water Sewer Expense 1200
Zoning LAC2

Interior Features

Heating Y/N Yes

Exterior Features

Lot Size Acres 0.06
Lot Size Area 2981
Lot Size Source Assessor
Lot Size Square Feet 2981
Lot Size Units Square Feet
Number of Buildings 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90003

Price
AVG $980K
$590K
Visits
AVG 46
54
Year Built
AVG 1955
1940
Walkscore
AVG 69
54
Data Provided by Walkscore ® not using MLS data

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