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8330 S Figueroa Street

Los Angeles (City), CA 90003
  • $1,250,000
  • STATUS: Active Under Contract
  • ON SITE: 169 Days
  • MLS #: WS22211133
Under Contract
UPDATED: 29 min ago
$1,250,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
C36 - Metropolitan Southwest
Type:
Multi-Family
Built:
1936
County:
Los Angeles
Area:
C36 - Metropolitan Southwest

School Ratings & Info

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Listing Agent(s): Susana Boggio of Tamayo & Assoc. R.E. (888-490-1444)


Description

BACK TO THE MARKET. Great Investment Opportunity to own this 8 units property. Two story building with 4 apartments of one bedroom each and 2 duplexes with 4 little bungalows counting one bedroom each one. owner has recently remodeled some of the bathrooms and installed new electrical panel. Roof of the bungalows were installed 2 years ago. Property is just minutes away from 105 and 110 fwys, close to new Stadiums and convention centers. Strong rental market. never vacant. The majority of the units are below market rental but all tenants are current and investor has a true opportunity to increase the cash flow and the cap rate. Tenants are not aware of the sale. Please make an offer subject to interior inspection. See pictures of the condition of kitchen and bathrooms.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-22T08:27:51.567. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/133622917
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8330 S Figueroa Street Los Angeles (City), CA 90003

  • Price: $1,250,000
  • Status: Active Under Contract
  • On Site: 169 Days
  • Updated: 29 min ago
  • MLS #: WS22211133
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1936
Built
Neighborhood:
C36 - Metropolitan Southwest
County:
Los Angeles
Area:
C36 - Metropolitan Southwest
Property Description
BACK TO THE MARKET. Great Investment Opportunity to own this 8 units property. Two story building with 4 apartments of one bedroom each and 2 duplexes with 4 little bungalows counting one bedroom each one. owner has recently remodeled some of the bathrooms and installed new electrical panel. Roof of the bungalows were installed 2 years ago. Property is just minutes away from 105 and 110 fwys, close to new Stadiums and convention centers. Strong rental market. never vacant. The majority of the units are below market rental but all tenants are current and investor has a true opportunity to increase the cash flow and the cap rate. Tenants are not aware of the sale. Please make an offer subject to interior inspection. See pictures of the condition of kitchen and bathrooms.
Exterior Features

Fencing Chain Link Lot Features Rectangular Lot Number Of Separate Electric Meters 8 Parking Features None Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Roof FlatMixedShingle Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Gas Range Common Walls 1 Common Wall Cooling Wall/Window Unit(S) Cooling YN Yes Flooring LaminateTileVinyl Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)Laminate CountersTile CountersGalley Kitchen

Property Features

Additional Parcels YN No Common Interest None Community Features Urban Contingency Submit Offers Subject To interior inspection Disclosures Rent Control Fuel Expense 0 Garage YN No Gross Income 101776 Gross Scheduled Income 101776 Insurance Expense 5967 Land Lease YN No Laundry Features None Levels OneTwo Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Net Operating Income 87801 New Construction YN No Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 13975 Property Condition Repairs CosmeticUpdated/Remodeled Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 8398 Trash Expense 0 Utilities Electricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected Water Sewer Expense 8008 Water Source Private Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-22T08:27:51.567. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Susana Boggio of Tamayo & Assoc. R.E. (888-490-1444)