12111 S Figueroa Street, Los Angeles, CA 90061
- $1,950,000
- 23
- BD
- 12
- BA
- 9,766
- SqFt
- List Price
- $1,950,000
- Price Change
- ▼ $45,000 1778642720
- Status
- ACTIVE
- MLS#
- 26668823
- Year Built
- 1960
- Bedrooms
- 23
- Bathrooms
- 12
- Living Sq. Ft
- 9,766
- Lot Size
- 10,355
- Acres
- 0.24
- Days on Market
- 127
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
James Allan Group is proud to present a 12 Unit Building in close proximity to the 110 Fwy and 105 Fwy Consisting of 11: 2BD l 1BA units and 1: 1BD l 1 BA unit, excellently maintained with great upside potential. Newer Roof, updated plumbing and sewer line, new landscaping and stucco. Several units completely remodeled. Extra storage/previous rental unit with potential to convert to ADU. Secured ample parking. Currently operated at 5.1 cap with upside pro forma of 12 cap rate at market rents. Over $250,000 in improvements to the property. Proforma potential $306,000 Gross Income with 12.16 CAP and GRM of 6.6. 9766 sq ft Building space and 11,326 Sq ft lot size .Subject to LA rent control.
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Additional Information
- Appliances
- Dishwasher, Microwave
- Heat
- Wall Furnace
- Cooling Description
- None
- Attached Structure
- Detached
- Number Of Units Total
- 12
Listing courtesy of Listing Agent: James Allan (james.allan@compass.com) from Listing Office: Compass.
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