12111 S Figueroa St, Los Angeles, CA 90061
12111 S Figueroa St, Los Angeles, CA 90061
12111 S Figueroa St, Los Angeles, CA 90061
12111 S Figueroa St, Los Angeles, CA 90061
12111 S Figueroa St, Los Angeles, CA 90061
12111 S Figueroa St, Los Angeles, CA 90061
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$ 1,950,000
Est. payment | /mo

23 Beds

12 Baths

9,766 SqFt


Save
$ 1,950,000
Est. payment | /mo
Save

23 Beds

12 Baths

9,766 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,766 sqft

Price per Sqft $199

MLS Listing ID 26668823

Bedrooms 23

Year Built 1960

Lot Size 10,355 Sqft

Acres 0.2377

Property Sub-Type Multi-Family

Property Description

James Allan Group is proud to present a 12 Unit Building in close proximity to the 110 Fwy and 105 Fwy Consisting of 11: 2BD l 1BA units and 1: 1BD l 1 BA unit, excellently maintained with great upside potential. Newer Roof, updated plumbing and sewer line, new landscaping and stucco. Several units completely remodeled. Extra storage/previous rental unit with potential to convert to ADU. Secured ample parking. Currently operated at 5.1 cap with upside pro forma of 12 cap rate at market rents. Over $250,000 in improvements to the property. Proforma potential $306,000 Gross Income with 12.16 CAP and GRM of 6.6. 9766 sq ft Building space and 11,326 Sq ft lot size .Subject to LA rent control.

Location

State CA

County Los Angeles

Area Metropolitan Southwest

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment Dishwasher, Microwave

Exterior

Parking Features Community Garage, Covered Parking, Auto Driveway Gate

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Compass

Nearby Locations

Shannon Guiragossian

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 537-9002

shannongrealestate@gmail.com

36923 Cook St Suite B101, Palm Desert, CA, 92211, USA

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12111 S Figueroa St