6616 S Figueroa Street, Los Angeles, CA 90003
- $1,110,000
- Sold Price
- $1,110,000
- List Price
- $1,149,900
- Closing Date
- Nov 03, 2025
- Status
- CLOSED
- MLS#
- SR25187192
- Year Built
- 2018
- Lot Size
- 4,200
- Acres
- 0.10
- Lot Location
- 2-5 Units/Acre, Rectangular Lot, Yard
- Days on Market
- 38
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- Two Levels
Property Description
Exceptional Investment Opportunity – Turnkey Income Property with ADU Potential. This well-maintained multi-unit property offers the perfect blend of immediate rental income and long-term upside; great for investors and owner-users. All units are equipped with central air & heat, and updated with laminate and porcelain flooring. With separately metered water, gas, and electricity, tenants cover all utilities; the owner’s responsibility is limited to common area lighting and gate power, keeping expenses low. The property is in excellent condition—completely turnkey, with no capital improvements required. Buyers can start collecting rent immediately. There is also exciting ADU potential by converting the garages in the back into additional rental units, providing future value-add income. With a high Net Operating Income and strong tenant appeal, this is truly a one-of-a-kind opportunity for both investors and owner-users. Seller is offering one vacant unit for flexible occupancy or immediate rental placement.
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Additional Information
- Pool Description
- None
- Heat
- Central, ENERGY STAR Qualified Equipment, Natural Gas
- Cooling
- Yes
- Cooling Description
- Central Air, ENERGY STAR Qualified Equipment
- View
- Neighborhood
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $107,400
- Operating Expense
- 3920
Listing courtesy of Listing Agent: Jessica Altinoglu (jessaltinogluhomes@gmail.com) from Listing Office: Luxury Collective.
Listing sold by Brian Jung from BJ Realty
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.