Multiple Listing Service Los Angeles Real Estate

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11425 S FIGUEROA ST, LOS ANGELES, CA. 90061

Listing Price: $1,098,000 Sold Price: $1,050,000
Beds: 2 | Baths: 6

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MLS#: 12-641311

APN#: 6088-004-014

Status: Sold

Lot Size: 8138

Sq Ft: 4792

Beds: 2

Baths: 6

Style: N/A

Year Built: 1953

Subdivision:

Roof: N/A

Spa: N/A

Tennis: N/A

Laundry: N/A

Heat: Wall

Air: None

Property Type: Income

Sale Type: Standard

Land Type: N/A

Lease Amount: N/A

Lease Exp: N/A

HOD: N/A

Area: Metropolitan Southwest

City: LOS ANGELES

Zip code: 90061

Map: 704/B6

View: N/A

Waterfront: N/A

Sewer: N/A

Parking # 8

Security: N/A

Amenities: N/A

Pool:

Floor: N/A

Rooms: N/A

Fireplace: N/A

Parking: Uncovered
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Remarks Community Report

Bakc on market with new price reduction, this 16 unit apartment building at 11425 South Figueroa Street in Los Angeles presents an investor with the opportunity to acquire an approx. 7.7% cap rate asset based on current income and very detailed expenses. The property has been well maintained and is now achieving nearly market-rate rents, which creates a unique, turn-key cash flow investment for a buyer seeking ease of management. The property consists of 13 studios and 3 one bedroom one bath units, which are separately metered for gas and electricity. The building,which consists of 2 structures in an L-shape, is gated, contains laundry facilities and has ample parking. Attractive, historically low interest rate financing options allow a qualified borrower to select from a 10-year fixed rate loan of $700,000 of 4.92%, 5 year fixed at 3.87% (both loans amortized over 30 years), or a 3 year fixed rate of 2.94%, amortized over 25 years.Also the lot is over 8,000 S.F. with C2 zoning.

Seller's Agents

- Name: Spillman, Darin | Email
- Phone: 310-592-8269
- Cell: 310-592-8269
- CalDRE #: 01366902
- Office: Kidder Mathews of California, Inc.
- Office Phone: 310-312-1800
- Name: N/A, N/A
- Phone: N/A
- Cell: N/A
- CalDRE #: N/A
- Office Name: N/A
- Office Phone: N/A

Buyer's Agents

- Name: Kiem, Ann | Email
- Phone: 415-378-4288
- Cell: 415-378-4288
- Lic #: 00916190
- Office: New Investment Realty
- Office Phone: 213-503-6684
- Name: N/A, N/A
- Phone: N/A
- Cell: N/A
- Lic #: N/A
- Office Name: N/A
- Office Phone: N/A

Last Updated: 7/29/2022 12:51:30 PM

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