10950 SW Figueroa Street
Los Angeles, CA, 90061 $ 1,995,000
Baths0.0 Sq 5,516 Monthly Estimate*
$ 13,936
Listed by Vista Sotheby’s International Realty
Studio
for $1,995,000. This 5,516 square foot building was built in 2009 on a lot size of 0.1558.
This 4 unit multi-family building built in 2009 already earning great income that starts with 6% cap rate. The money goes into your bank account at $14,400 per month / annual income at: $172,800 Gross /$141,275 Net (after annual taxes, insurance and every expense the seller pays that is actual Net). The rental income, you do not have to chase the tenants for all the money. The government, via section 8, will send the majority monthly rents on time every month to the bank account of your choice. This means no chasing money or tenants. The Actual Cap rate is 6% Net, after taxes and all expenses the seller pays. Increase the rents $1900 per month to improve the cap Rate to a 7.25%. Additionaly, There is room to add 2 ADU's of which, each unit will rent for going rents of $2,000 per month. This will increase the annual Gross income to $220,000/Net $189,000 after expenses to improve your Cap Rate to 9.40%. With a little work, earn a Cap Rate of 9.40% net annual income of $189,000. The tenants pay for water, gas, electrical and trash. Each unit has separate Water, Electric & Gas Meters. The property consist of 2 separate buildings, side by side, in one gated complex in excellent condition, built in 2009. Each of the 4 units feature 4 bedrooms, 2 bathrooms that include a bath tube and a shower. Tenants will enjoy a laundry room with washer and dryer hook-ups inside each unit. This 4 unit property that comprises of 2 duplexes on one lot, 2 separate parcels, each in excellent condition overall inside all the units and very attractive exterior of the buildings outside with a surrounding security gate and a grassed area for recreation. The tenants will enjoy large kitchens with all the kitchen emenites, such as granite countertops, dishwashers, garbage, disposal, tile floor and lots of wood cabinets, double pan windows throughout each unit. The bedrooms are larger than normal rentals, with newer carpets and with large closets, this helps the tenants enjoy a superb at home family lifestyle. Tenants love that units are close to LAX USC , LA Downtown, 110 & 105 FWY and public transit.
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FeaturesGeneralHeating ForcedAir
Cooling None
Utilities CableAvailable ElectricityConnected NaturalGasConnected PhoneAvailable SewerConnected WaterConnected
Roof Composition
Security Features GatedCommunity SecurityLights WindowBars
Construction Materials Drywall Frame Other Stucco
Year Built 2009
Electric Standard
Property SubType MultiFamily
Business Type MultiTenant
Community Features Gated
Additional Parcels Description 6075-032-011
County Los Angeles
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions 110 FWY exit Century Blvd to Figueroa to 109th st on the corner.
City Los Angeles
View Y/N N
Senior Community Y/N N
Open Parking Spaces 8.0
Total Units 4
MLS Area C37 - Metropolitan South
Lot Size Square Feet 6785.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 4
Street Name Figueroa
Listing Terms Cash CashtoNewLoan Item1031Exchange FHA
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://drive.google.com/file/d/1EgsrayhRsxRZ0Gxlckg83Uh3po0qCnau/view?usp=drivesdk https://drive.google.com/file/d/1EgsrayhRsxRZ0Gxlckg83Uh3po0qCnau/view?usp=drivesdk
Days on Market 74
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Tenant
Year Built Source Assessor
Property Sub Type Additional MultiFamily
Cap Rate 6.05
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ExteriorFencing ChainLink GoodCondition Pipe
Lot Features Item25UnitsAcre CornerLot Level
Water Source Public
Total Parking 8.0
Inclusions Two Duplexes on a lot 444-446 W 109th Place & 10950-10952 S Figueroa St Los Angeles CA 90061 the 2nd Parcel # 6075-032-011
Lot Size Area 6785.0
Number of Buildings 2
Spa N
Building Area Total 5516.0
Lot Size Acres 0.1558
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Laundry Features WasherHookup GasDryerHookup LaundryRoom
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesList ByVista Sotheby’S International RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $13,936
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Los Angeles, CA
Average List Price $2,169,774
Percent of Sale Price 9%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/22/2024 | $1,995,000 | -0.25% | Price Down |
2/9/2024 | $2,000,000 | | Listed Price |