5876 South Figueroa Street
$1,475,000
8
8
4,639
4,639
$318
Description
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...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!
- Listed by Vania Rincon • DRE #01489265 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
Property Details for 5876 South Figueroa Street
Zoning
LAC2
Parcel Number6004036015
Total Units4.0
Living Area4639
Source Living AreaAssessor
AreaDowntown L.A. (C42)
Vacancy Rate0
Lot Size Area4801
LISTING UPDATED: 11/25/2024 06:23 PM
Property Details for 5876 South Figueroa Street
Status | Active |
---|---|
MLS # | 24-466245 |
Days on Market | 43 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1934 |
Lot Size | 0.11 AC / 4,801 SF |
County | Los Angeles County |
Building Information for 5876 South Figueroa Street
Stories2Residences-Year Built1934Building Size-Lot Size0.11 AC / 4,801 SF
Property Information for 5876 South Figueroa Street
Property History for 5876 South Figueroa Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5876 South Figueroa Street
Taxable ValueLand$60,246Additions$148,196Total$208,442
Tax Record2024$3,487 ($291 / month)
Home Facts
Total Finished SqFt4,639 SqFtAbove Grade Finished SqFt4,639 SqFtStories1Lot Size4,801 SqFtStyleOffice BuildingYear Built1934ZoningLAC2CountyLOS ANGELESAPN6004-036-015
Schools near 5876 South Figueroa Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Sixty-First Street Elementary School PublicK to 6 | ||
Los Angeles Academy Middle Public6 to 8 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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