• Asking Price $1,475,000

  • 5876 S FIGUEROA ST LOS ANGELES, CA 90003

  • 8 Beds 8 Baths 4,639 SqFt
  • Commercial / Resale (MLS)
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Property Details for 5876 S FIGUEROA ST, LOS ANGELES, CA 90003

Features

  • Price/sqft: $317
  • Lot Size: 4801 sq. ft.
  • Total Units: 16
  • Total Rooms: 5
  • Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • Stories: 1
  • Roof Type: FLAT
  • Heating: 24
  • Construction Type: Wood
  • Exterior Walls: Stucco

Facts

  • Year Built: 01/01/1934
  • Property ID: 945551818
  • MLS Number: 24-466245
  • Parcel Number: 6004-036-015
  • Property Type: Commercial
  • County: LOS ANGELES
  • Legal Description: HARRIS FIGUEROA ST TRACT EX OF ST LOT/SEC 12
  • Zoning: LAC2
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Attention Investors!Seize this rare chance to own a remarkable 9-unit property that promises low maintenance and minimal expenses only trash and water! This asset is not just a property; it's a gateway to significant returns.Key Highlights:*High Upside Potential: With current rents below market value, there's ample room for increases that can enhance your cash flow.*Future Development Possibilities: Explore the exciting potential for expansion! Reports indicate the possibility of developing up to 34 low-income units, maximizing your investment's value.*Strategic Location: This property is being sold with the adjacent lot on 5886 S. Figueroa Street (APN 6004-036-016) asking price $350,000, currently utilized as parking, opening doors for future enhancements.Don't let this unique opportunity pass you by! Invest in your future and capitalize on the growth potential of this property today. For more details and to schedule a viewing, contact us now!

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Property Brokerage: KELLER WILLIAMS BEVERLY HILLS REALTY 439 N. Canon Dr. Suite 300 Beverly Hills CA 90210
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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