The Figueroa Apartments 7427 S Figueroa St 8 Unit Apartment Building $1,195,000 ($149,375/Unit) 8.90% Cap Rate Los Angeles, CA 90003

7427 S. Figueroa Street presents a compelling 8-unit multifamily investment opportunity in the highly active South Los Angeles market. Offered at a 8.94% CAP rate and 7.5 GRM, the property provides investors with immediate cash flow as well as additional rental upside potential. Built in 1961 and situated on a secured corner lot with gated access and on-site parking, the asset features a desirable unit mix consisting of four one-bedroom units and four two-bedroom units, appealing to a broad tenant base in a dense rental market.
The property benefits from its strategic location with convenient access to major Los Angeles destinations including Exposition Park, Downtown Los Angeles, and the Metro A Line, providing strong transit connectivity throughout the city. South Los Angeles continues to attract increased investor attention due to ongoing redevelopment activity, new housing projects, and sustained rental demand driven by the area’s central location and growing population base. This offering represents an attractive opportunity for investors seeking stable in-place income with long-term growth potential in an evolving urban submarket.