$1,300,000
- Beds
- 12
- sq ft
- 4,800
11116 S Figueroa St, Los Angeles, CA 90061
11116 S Figueroa St
Los Angeles, CA 90061
- 3 days on market
*DO NOT DISTURB TENANTS. We are pleased to offer for sale a four-unit apartment community located at 11116 South Figueroa Street. The subject property is located on Figueroa Street just north of the 105 Freeway. The building is located in South LA right next to the Westmont submarket. This location offers easy access to the best of South LA, including Sofi Stadium, Intuit Dome, USC/ North University Park, the LA Coliseum & more. Being in close proximity to major transit corridors, tenants can conveniently access employment centers, retail & entertainment throughout the city. Situated on two contiguous lots across a 5,974 square foot parcel, the property is comprised entirely of three-bedroom units. The property was constructed in 2001, so it is not subject to City of Los Angeles rent control, only subject to AB 1482 State Rent Control. Two units will be delivered vacant allowing new ownership to immediately renovate in order to achieve market rental rates. 11116 S Figueroa presents investors with a unique opportunity to acquire an asset in a South Los Angeles that is a short distance to the most attractive thoroughfare in the submarket, which will support continued rental growth & gentrification for a new investor who is looking to capitalize on the value-add potential this asset offers.
Details
Property type
Lot size
5,974 sq ft
Price per sq ft
$271
Year built
2001
HOA
No
Price History
06/26/2024
![CLAW](/_next/static/media/clawLogo.95a18e7e.png)
CLAW #24408537
Listed
$1,300,000
Schools & Community
Neighborhood:
South Los Angeles
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 06/29/2024 at 6:45 AM
Listing updated: 06/26/2024 at 11:53 AM
Listed by: Sean Rosenzweig, Marcus & Millichap Phone #: (310) 909-5500
MLS: CLAW #24408537
![CLAW logo](/_next/static/media/clawLogo.95a18e7e.png)
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