For Sale For Rent
Advertise
bedrooms
bedrooms
16
bathrooms
bathrooms
0
square feet
square feet
9,760
acreage
Acreage
0.1195
open houses
Open Houses
-
year built
year built
1956
full baths
Full Baths
0
half baths
Half Baths
0
Introducing, for the first time on market in over 20 years, the opportunity to purchase 10507 and 10511 S Figueroa Street. This investment opportunity consists of 16 one bedroom + one bath units and is priced to sell at only $139,000/unit and a 9.75 GRM at current numbers. Tenants enjoy onsite parking and a close proximity to the 110 and 105 freeways. The economics of the offering show immediate returns at the current income level. However, with market rents continuing in an upward trend, an aggressive management approach may realize a significant upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historically low vacancy rates and consistent rent growth over the same period. Section 8 vouchers are currently $2,172 for 1-bedroom units.
Location
Subdivision -
County Los Angeles
Elementary School -
Middle School -
High School -
Exact location data not provided
no map
open houses Open houses
None scheduled.
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MLS number: 25-484617
Listing agent: Enrique Viramontes
Listing broker: Re/Max Commercial & Investment (310) 802-2500
Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Tuesday, February 25 2025 at 1:28 p.m. EST
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