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Listed by: Trey Beltran (310) 975-4844 DRE #02112359 | Equity Union (818) 989-2000
$999,000
Monthly Est:$4,972
8 Beds
5 Baths
3,792sqft
9230 S Figueroa, Los Angeles, CA 90003
$999,000
$4,972/moEst:
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Quadruplex
Built in 1957
$-- HOA
5,550 sqft lot
$263/sq.ft
Description
PRICED UNDER $1M — RARE SOUTH L.A. VALUE-ADD WITH NEAR-TERM UPSIDE. 9230 S Figueroa is a 1957-built fourplex on a 5,548 SF LARD2 lot, offered at $999,000 ($249,750/unit). A fifth unit (ADU, 1BD/1BA) is UNDER CONSTRUCTION and in its FINAL INSPECTION PHASE — projected to add ~$1,900/mo upon certificate of occupancy, converting the asset to a legal 5-plex. Exceptional FRICTION-FREE upside: Units 4 ($2,100) and 2 ($1,800) are scheduled to vacate in July and October — voluntary turnovers with NO relocation or buyout cost — letting a buyer reset to market or owner-occupy. Long-term stability is anchored by two below-market, long-tenured RSO units (one reliable Section 8 placement). Added value-add levers: utility bill-back (RUBS) to recover owner-paid utilities, plus predictable RSO/CPI rent growth and vacancy decontrol on future move-outs. Current 4-unit gross $84,012/yr with a clear, documented path to a stabilized ~8% pro-forma cap. Minutes to the 110 & 105 Freeways, USC/Exposition Park, and the SoFi/Inglewood growth corridor. Full OM, rent roll & operating statement available. Buyer to verify units, ADU permits/C of O, rents, RSO status & square footage. Drive-by only — DO NOT DISTURB TENANTS.
- Houzeo last checked: 7 hours ago
- Listing updated: July 2, 2026 at 1:22 pm
- Source: California Regional MLS-CA | MLS#: SR26137338
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1957
HOA Fees
-
Finished Area
3,792 sqft
Lot Size
5,550 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SR26137338
MLS Status
Active
Days on Market
106
Cumulative Days on Market
8
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 5
Interior
Sewer
Sewer Tap Paid
Utilities & Energy
Water Source
Public
Laundry Features
None
Pool Features
None
Other Features
Lot Features
Zero To One Unit Acre
Community Features
Urban
Price History
| Date | Event | Price |
|---|---|---|
06/24/2026 Source: | Listed for Sale | $999,000 $263/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 09, 2026, 02:30PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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