tomo logo

$1,625,000

Beds
8
sq ft
3,552

11226 S Figueroa St, Los Angeles, CA 90061

11226 S Figueroa St

Los Angeles, CA 90061

  • 59 days on market
We are pleased to offer this eight unit investment opportunity, located in the City of Los Angeles. The unit mix consists of eight 1+1 units. The investment consists of approximately 3,552 of rentable square feet and is situated on two parcels of approximately 6,240 square feet. Recent property upgrades include a new surveillance system, new exterior paint, new exterior lighting, new exterior building and unit numbers, and seven of the units have recently been renovated. The building amenities include a large parking area with eight total spaces, a secured gated entry, and the property is separately metered for electricity. The property is subject to City of Los Angeles Rent Stabilization Ordinance and the property is in compliance with the Los Angeles Soft-Story Retrofit Program.

Details

Property type

Est. home value

$1,383,661

Lot size

6,240 sq ft

Price per sq ft

$458

Year built

1954

HOA

No

Price History

07/23/2024
CLAW

CLAW #24418869

Listed
$1,625,000
-4.41%
04/18/2024
CLAW

CLAW #24355873

Removed
$1,700,000
02/07/2024
CLAW

CLAW #24355873

Listed
$1,700,000
+61.9%

Schools & Community

Neighborhood: 

South Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Financial Partners Cu

Loan start date

December 2019

Original loan amount

$1,125,000

Est. remaining balance

Not provided

Interest rate

3.69%

Loan type

Commercial

Seller

11226 Figueroa Management Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/20/2024 at 9:25 AM

Listing updated: 07/31/2024 at 5:14 AM

Listed by: Griffin White, BRC Advisors- BH

MLS: CLAW #24418869

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