$1,950,000

Residential Income In Los Angeles

  • 23 Beds
  • 12 Baths
  • 9,766 Sqft
  • 10,355 Sqft lot
  • Updated: May 15
  • 2
    Views for last 30 days
  • Source:
    The MLS (CLAW)  MLS#26668823

About the Property

James Allan Group is proud to present a 12 Unit Building in close proximity to the 110 Fwy and 105 Fwy Consisting of 11: 2BD l 1BA units and 1: 1BD l 1 BA unit, excellently maintained with great upside potential. Newer Roof, updated plumbing and sewer line, new landscaping and stucco. Several units completely remodeled. Extra storage/previous rental unit with potential to convert to ADU. Secured a
James Allan Group is proud to present a 12 Unit Building in close proximity to the 110 Fwy and 105 Fwy Consisting of 11: 2BD l 1BA units and 1: 1BD l 1 BA unit, excellently maintained with great upside potential. Newer Roof, updated plumbing and sewer line, new landscaping and stucco. Several units completely remodeled. Extra storage/previous rental unit with potential to convert to ADU. Secured ample parking. Currently operated at 5.1 cap with upside pro forma of 12 cap rate at market rents. Over $250,000 in improvements to the property. Proforma potential $306,000 Gross Income with 12.16 CAP and GRM of 6.6. 9766 sq ft Building space and 11,326 Sq ft lot size . Subject to LA rent control.
  • Property type

    Other

  • Floors

    2

  • Year built

    1960

  • Price/sqft

    $199

Features

  • Parking
  • Gate

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12111 S Figueroa Street, Los Angeles, California, United States View on Google Maps
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Compass - Santa Monica

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Compass - Santa Monica
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Compass - Santa Monica
Santa Monica, California, United States
View agency profile
Last updated
May 15
First listed
Apr 7
Listing reference
26668823
Listing status
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