$1,300,000 Price Analysis   ♡   Los Angeles, CA 90061 12 bed 4 bath 4,800 SqFt ($270/SqFt) 5,974SqFt lot. Built 2001 Listed 2024-06-26, Taxes $9,661 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
DO NOT DISTURB TENANTS.
We are pleased to offer for sale a four-unit apartment community located at 11116 South Figueroa Street. The subject property is located on Figueroa Street north of the 105 Freeway. The building is located in South LA right next to the Westmont submarket. This location offers easy access to the best of South LA, including Sofi Stadium, Intuit Dome, USC/ North University Park, the LA Coliseum and more. Being in close proximity to major transit corridors, tenants can conveniently access e mployment centers, retail and entertainment throughout the city.
Situated on two contiguous lots across a 5, 974 square foot parcel, the property is comprised entirely of three-bedroom units. The property was constructed in 2001, so it is not subject to City of Los Angeles rent control, subject to AB 1482 State Rent Control. Two unts will be delivered vacant allowing new ownership to immediately renovate in order to achieve market rental rates. 11116 S Figueroa presents investors with a unique opportunity to acquire an asset in a South Los Angeles that is a short distance to the most attractive thoroughfare in the submarket, which will support continued rental growth and gentrification for a new investor who is looking to capitalize on the value-add potential this asset offers.
Presented by Sean Rosenzweig at
Marcus & Millichap.
Property MLS #24-408537 from TheMLSCLAW
Full Bathrooms: 4
Lot Size Dimensions: 44x99
Lot Size Source: Assessor
Lot Size Square Feet: 5974
Parking Total: 8
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 1, 1 SquareFeet: 3915, 2 BedsTotal: 3, 2 BathsTotal: 1, 2 SquareFeet: 3915, 3 BedsTotal: 3, 3 BathsTotal: 1, 3 SquareFeet: 3915, 4 BedsTotal: 3, 4 BathsTotal: 1, 4 SquareFeet: 3915
County: Los Angeles
Cap Rate: 8.91
Directions: East of Denver Avenue & South of West 111th Street
Source Property Type: Residential Income
Area: Metropolitan Southwest
Source Neighborhood: Metropolitan Southwest
Parcel Number: 6075-030-016
Postal Code Plus 4: 1561
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $187,108 + $583,403 $770,511 | $9,661 |
| 2021 | $183,440 + $571,964 $755,404 | $9,519 |
| 2020 | $181,560 + $566,100 $747,660 | $9,609 |
| 2019 | $178,000 + $555,000 $733,000 | $9,244 |
| 2018 | $213,780 + $395,136 $608,916 | $7,813 |
| 2017 | $209,589 + $387,389 $596,978 | $7,653 |
| 2016 | $205,480 + $379,794 $585,274 | $7,434 |
| 2015 | $202,394 + $374,090 $576,484 | $7,330 |
| 2014 | $198,430 + $366,763 $565,193 | $7,378 |
| 2013 | $180,000 + $280,000 $460,000 | $6,116 |
| 2012 | $180,000 + $280,000 $460,000 | $6,310 |
| 2010 | $180,000 + $280,000 $460,000 | $6,349 |
| 2009 | $188,894 + $349,136 $538,030 | $7,055 |
| 2009 | $180,000 + $280,000 $460,000 | $7,055 |
| 2008 | $185,191 + $342,291 $527,482 | $6,765 |
| 2007 | $181,560 + $335,580 $517,140 | $6,531 |
$1,300,000
TheMLSCLAW
Sold 2018-10-31
$890,000
CRMLS
Relisted 2018-08-02
$888,000
CRMLS
Listing removed 2018-08-01
$0
CRMLS
Relisted 2018-07-25
$888,000
CRMLS
Listing removed 2018-07-11
$0
CRMLS
Relisted 2018-07-08
$888,000
CRMLS
Listing removed 2018-06-07
$0
CRMLS
Listed 2018-05-23
$888,000
CRMLS
Sold 2006-01-12
$650,000
Public Record
Sold 2002-03-08
$295,000
Public Record
Year Built: 2001
Levels: Multi Levels, Two Level
Living Area Source: Assessor
Property Age: 23
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
Map directions Map directions Map directions Map directions
 |  |  |  |  |
 | ||||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.