10950 S Figueroa Street
Los Angeles, CA 90061
- 16 beds
- – baths
- 5,516 sqft
- 6,785 sqft lot
- $361 per sqft
- 2009 build
- – on site
This 4 unit multi-family building built in 2009 already earning great income that starts with 6% cap rate. The money goes into your bank account at $14,400 per month / annual income at: $172,800 Gross /$141,275 Net (after annual taxes, insurance and every expense the seller pays that is actual Net). The rental income, you do not have to chase the tenants for all the money. The government, via section 8, will send the majority monthly rents on time every month to the bank account of your choice. This means no chasing money or tenants. The Actual Cap rate is 6% Net, after taxes and all expenses the seller pays. Increase the rents $1900 per month to improve the cap Rate to a 7.25%. Additionaly, There is room to add 2 ADU's of which, each unit will rent for going rents of $2,000 per month. This will increase the annual Gross income to $220,000/Net $189,000 after expenses to improve your Cap Rate to 9.40%. With a little work, earn a Cap Rate of 9.40% net annual income of $189,000. The tenants pay for water, gas, electrical and trash. Each unit has separate Water, Electric & Gas Meters. The property consist of 2 separate buildings, side by side, in one gated complex in excellent condition, built in 2009. Each of the 4 units feature 4 bedrooms, 2 bathrooms that include a bath tube and a
Listing courtesy of BRIDGE / Vista Sotheby’s International Realty
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Last updated Apr 23, 2024
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MLS# CRSB24029476 —
This property is listed in more than one place. See it here.
Walk Score®
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Bike Score®
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Transit Score®
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Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/22/24
Apr 22, 2024
|
Price Changed | BRIDGE | $1,995,000 | -0.3% |
2/10/24
Feb 10, 2024
|
Listed / Active | BRIDGE | $2,000,000 | |
1/28/05
Jan 28, 2005
|
Sold | DAMLS |