5874-5876 Figueroa St - Apartments FOR SALE


Los Angeles, CA 90003- Vermont Harbor
$1,475,000 USD
323-607-4370
5874-5876 Figueroa St, Los Angeles, CA for Sale
$1,475,000 USD
Apartments - FOR SALE
1/18
null | 6.8% Cap Rate

5874-5876 Figueroa St
Los Angeles, CA 90003
Vermont Harbor


HIGHLIGHTS

  • Includes a bonus adjacent lot at 5886 S. Figueroa w/ development potential for 34 low-income units yet strong rental income now (see OM with details)

OVERVIEW

Value-Add Investment Opportunity – 9 Units + Bonus Lot This 9-unit multifamily property includes an adjacent lot, presenting a prime value-add opportunity in a high-demand rental market. Ideal for investors looking to maximize returns through renovation and repositioning, this property offers strong cash flow with rental upside and future development potential. Investment Highlights: - 9 existing units with stable rental income - Bonus adjacent lot included at 5886 S. Figueroa Street (APN 6004-036-016) – currently used for parking, ideal for expansion - Significant value-add potential – opportunity for renovations and increased rents - Potential to develop up to 34 low-income housing units - Recent capital improvements:    • New electrical wiring & panels (2-3 years ago)    • Partially upgraded plumbing – new PEX water supply lines    • New roof – 30-year double-layer roll system -Strategic Location & Market Potential: • Emerging neighborhood with increasing demand for affordable housing • High cap rate potential – ideal for investors seeking strong ROI • Surrounded by retail, public transportation, and major employment centers This is a great opportunity to acquire a stable income-generating asset with upside potential. Motivated seller – all offers encouraged!

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$318 USD /SF

# OF UNITS

45

PRICE/UNIT

$32,778

CAP RATE

6.8%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1934

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,625 SF

ZONING

C2-D2-CPIO

APN/PARCEL ID

6004-036-015,6004-036-016

ASK ABOUT THIS PROPERTY

Vania RinconKeller Williams Pacific EstatesMore Info
323-607-4370

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Vania RinconKeller Williams Pacific EstatesMore Info
323-607-4370

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.