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$1,395,000

Beds
10
sq ft
4,639

5876 S Figueroa St, Los Angeles, CA 90003

5876 S Figueroa St

Los Angeles, CA 90003

  • 30 days on market
    • Price drop $80,000↓
Attention Investors!Seize this rare chance to own a remarkable 9-unit property that promises low maintenance and minimal expenses only trash and water! This asset is not just a property; it's a gateway to significant returns.Key Highlights:*High Upside Potential: With current rents below market value, there's ample room for increases that can enhance your cash flow.*Future Development Possibilities: Explore the exciting potential for expansion! Reports indicate the possibility of developing up to 34 low-income units, maximizing your investment's value.*Strategic Location: This property is being sold with the adjacent lot on 5886 S. Figueroa Street (APN 6004-036-016) asking price $350,000, currently utilized as parking, opening doors for future enhancements.Don't let this unique opportunity pass you by! Invest in your future and capitalize on the growth potential of this property today. For more details and to schedule a viewing, contact us now!

Details

Property type

Lot size

4,801 sq ft

Price per sq ft

$301

Year built

1934

HOA

No

Price History

10/14/2024
CLAW

CLAW #24466245

Listed
$1,395,000

Schools & Community

Neighborhood: 

South Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/23/2024 at 12:00 AM

Listing updated: 12/10/2024 at 9:30 AM

Listed by: Vania Rincon, Keller Williams Beverly Hills Phone #: (310) 432-6400

MLS: CLAW #24466245

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