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12111 S Figueroa St 13 Unit Apartment Building $1,950,000 ($150,000/Unit) 5.23% Cap Rate Los Angeles, CA 90061
Investment Highlights
- All new plumbing, gas and sewer line replaced for the building
- Over $250,000 in recent improvements to the property
- New Fascia and Stucco
- Proforma Potential $306,000 Gross Income with 12.16 CAP and 6.6 GRM
Executive Summary
James Allan Group is proud to present a 12 Unit Building in close proximity to the 110 Fwy and 105 Fwy Consisting of 11: 2BD l 1BA units and 1: 1BD l 1 BA unit, excellently maintained with great upside potential. Newer Roof, updated plumbing, and sewer line, newer Landscaping, Stucco and several units completely remodeled. Extra storage/previous rental unit with potential to convert to ADU. Secured ample parking. Currently operated at 5.1 cap with upside pro forma of 12 cap rate at market rents. 9766 sq ft Building space and 11,326 Sq ft lot size .Subject to LA rent control. Email for OM.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $150,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 5.23% | Building Size | 9,766 SF |
| Gross Rent Multiplier | 12 | No. Stories | 2 |
| No. Units | 13 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 2.3/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - Multiple Dwelling | ||
| Price | $1,950,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 5.23% |
| Gross Rent Multiplier | 12 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 9,766 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.3/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,000 | 600 |
| 1+1 | 1 | $1,300 | 750 |
| 2+1 | 11 | $2,200 | 1,000 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
60/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 6117-005-009 | Improvements Assessment | $138,159 |
| Land Assessment | $753,629 | Total Assessment | $891,788 |
Property Taxes
Parcel Number
6117-005-009
Land Assessment
$753,629
Improvements Assessment
$138,159
Total Assessment
$891,788
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12111 S Figueroa St