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Listed by: Casey Lins (714) 333-6768 DRE #01902650, Vincent Cook DRE #02012324 | Kidder Mathews of California, Inc. (858) 369-3010
$795,000
8 Beds
- 5 Baths
2,911sqft
4701 S Figueroa St, Los Angeles, CA 90037
$795,000
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Multi Family
Built in 1919
$-- HOA
10,759 sqft lot
$273/sq.ft
Description
We are proud to present 4701 & 4709 S Figueroa St (MUST BE SOLD TOGETHER, with a combined price of $1.995M), an 11-unit multifamily community, offered at an 8.15GRM and an 8.29% cap rate on current rents. Offered with an attractive, in-place high yield on a fully occupied property, this opportunity consists of an adjacent 3-unit and 8-unit property with two separate parcels, allowing for multiple exit strategies for the next owner, including but not limited to, acquiring both properties together, selling the 3-unit separately for a premium and further reducing your cost basis on the 8-unit property and continuing to drive returns. Collectively, the 11 units offer a total ...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
Year Built
1919
HOA Fees
-
Finished Area
2,911 sqft
Lot Size
10,759 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26873937
MLS Status
Active
Days on Market
7
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