10507 S Figueroa St Los Angeles, CA 90003
Multi-Family (2-4 Units)
MLS #: 25-484617
Courtesy Of RE/MAX Commercial & Investment
$2,225,000
16 beds
|
9,760 sq ft
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Estimated monthly payments:
$9,726/mo.* (recalculate)
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Amenities: Dock
- Architecture Style: Other
- Lot Size: 0.12 Acres
MAP & DIRECTIONS
School Information
10507 S Figueroa St, Los Angeles, CA 90003
Elementary School
Grades KG-1 |
Public School
WASHINGTON PRIMARY CENTER
Los Angeles, CA 90044
860 W 112th St
323.779.7550
Distance: 0.7 mi
Student:Teacher Ratio
20:1
Total Students
162
Elementary School
Grades KG-5 |
Public School
FIGUEROA STREET ELEMENTARY SCHOOL
Los Angeles, CA 90044
510 W 111th St
323.756.9268
Distance: 0.4 mi
School Rating
D
Student:Teacher Ratio
22:1
Total Students
419
Middle School
Grades 6-8 |
Public School
SAMUEL GOMPERS MIDDLE SCHOOL
Los Angeles, CA 90061
234 E 112th St
323.241.4000
Distance: 0.9 mi
School Rating
D
Student:Teacher Ratio
19:1
Total Students
464
High School
Grades 9-12 |
Public School
ALAIN LEROY LOCKE COLLEGE PREPARATORY ACADEMY
Los Angeles, CA 90061
Distance: 0.7 mi
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Sheenway School And Culture Center | 0.3 mi | Private | 1-5 | |
| Alliance Judy Ivie Burton Technology Academy High School | 0.4 mi | Public | 9-12 | A |
| Charles W. Barrett Steam Academy | 0.5 mi | Public | KG-5 | D+ |
| 107th Street Elementary & Steam Magnet | 0.6 mi | Public | PK-5 | D |
| Watts Learning Center | 0.7 mi | Public | KG-5 | B+ |
| Alliance College-ready Middle Academy 4 | 0.7 mi | Public | 6-8 | B |
| Woodcrest Elementary | 0.7 mi | Public | KG-5 | D+ |
| Bret Harte Preparatory | 0.8 mi | Public | 6-8 | D- |
| 95th Street Elementary School | 0.9 mi | Public | KG-5 | D |
| Alain Leroy Locke College Preparatory Academy | 0.9 mi | Public | 9-12 | D |
| University Pathways Medical Magnet Academy | 0.9 mi | Public | 9-12 | C |
| Knox Elementary School | 1.1 mi | Public | KG-6 | B |
| 118th Street Elementary | 1.2 mi | Public | KG-5 | C |
| 93rd Street Elementary School | 1.2 mi | Public | KG-6 | C- |
| Boys Academic Leadership Academy | 1.2 mi | Public | 6-10 | D |
| George Washington Prep High School | 1.2 mi | Public | 9-12 | D- |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Los Angeles, CA 90003
| Median Age: | 31.2 |
|---|---|
| Married: | 37% |
| Number of Households: | 16,439 |
| Households with Children: | 55.5% |
Los Angeles, CA 90003
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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