10 UNITS - 8.52 GRM & 7.38% CAP - STABILIZED 10974 S Figueroa St 55 Unit Apartment Building $1,595,000 ($29,000/Unit) 7.38% Cap Rate Los Angeles, CA 90061

10974 S. Figueroa Street, Los Angeles, CA 90061 presents a 10-unit multifamily investment opportunity located on a corner parcel in a strong rental corridor of Los Angeles. Constructed in 1958, the property consists of six (6) 1-bedroom / 1-bathroom units and four (4) 2-bedroom / 1-bathroom units, offering a desirable and balanced unit mix that appeals to a broad tenant base. The building contains approximately 5,374 rentable square feet and sits on a 6,783 square foot lot. The property is currently not fully stabilized,
with three vacant units—one (1) 1-bedroom / 1-bathroom unit and two (2) 2-bedroom / 1-bathroom units—providing an immediate opportunity for a new owner to lease the units at market rents and increase the property’s income. Tenant convenience is supported by ample gated and secured on-site parking, an important amenity that enhances tenant appeal and retention. With its corner lot location, practical unit mix, and near-term income upside through leasing of the vacant units, the property presents a compelling value-add opportunity for investors seeking both current income and future growth in a Los Angeles rental market.
Offering Memorandum attached to LoopNet listing. Please note the following: (1) Do not disturb tenants. (2) Interior inspections and access to books and records will be granted upon acceptance of an offer. (3) Submit proof of funds with all offers, which must be presented on a CAR Residential Income Purchase Agreement. Broker and agent do not guarantee the accuracy of square footage, lot size, development potential, or any other information regarding the condition or features of the property provided by the Seller or obtained from public records or other sources. Buyer is advised to independently verify all information and complete their own due diligence through physical inspections and consultation with appropriate professionals. Seller is a licensed real estate agent in the State of California.