6616 S Figueroa St - Apartments FOR SALE


Los Angeles, CA 90003- South Central LA
$1,249,000 USD
213-399-1862
6616 S Figueroa St, Los Angeles, CA for Sale
$1,249,000 USD
Apartments - FOR SALE
1/21
null | 7.31% Cap Rate

6616 S Figueroa St
Los Angeles, CA 90003
South Central LA


HIGHLIGHTS

  • NO RENT CONTROLED, EACH TENANT PAY FOR:WATER, SEWER, TRASH AND ELECTRICITY
  • NEAR TRANPORTATION, SCHOOLS, HOSPTALS, ETC.
  • FULLY GATED, LOW MAINTENACE

OVERVIEW

DRASTIC PRICE REDUCTION !! , NO RENT CONTROLLED !!, Three Bed. two bath townhouse style duplex on the front, one unit two bed. one bath on top of garages on the back , all units feature central air and heat, laminated and porcelain floors. Low maintenance property with separated metered for water, gas, and electricity (tenants pay for all utilities), owner only pays for common area lights and gate , one of a kind excellent investments with high Net Operating Income. A turn key property, Excellent conditions, no capital improvements necessary, buy and start immediately collecting rent. ADU potential by converting the garages on the back for extra income. Please do not disturb or contact tenants, seller is offering TWO VACANT UIITS !! GRM and Cap Rate based of Pro-Forma

FOR SALE DETAILS

PRICE

$1,249,000 USD

PRICE/SF

$366 USD /SF

# OF UNITS

3

PRICE/UNIT

$416,333

CAP RATE

7.31%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2018

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

LAC2

APN/PARCEL ID

6013-025-026

ASK ABOUT THIS PROPERTY

Adelso FloresContinental Real EstateMore Info
213-399-1862

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Adelso FloresContinental Real EstateMore Info
213-399-1862

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