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Property Description

*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 just 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 & more. Being in close proximity to major transit corridors, tenants can conveniently access employment centers, retail & 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, only subject to AB 1482 State Rent Control. Two units 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 & gentrification for a new investor who is looking to capitalize on the value-add potential this asset offers.

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Additional Information
Marcus & Millichap
0
CLW-C107850
CLW-X7515101
Sean
6075030016
: Standard
Multi/Split,Two
32

Multi-Family For Sale

11116 Figueroa Street, Los Angeles, California 90061

4,800 Sqft
$1,300,000
Listing ID #24408537
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24408537
Price : $1,300,000
Living Area : 4,800 Sqft
Lot Size : 5,974 Sqft
Year Built : 2001
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90061
Price Per Square Foot : $271
ModificationTimestamp : 2024-07-04 05:10:34
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