5876 South Figueroa Street

Los Angeles, CA 90003

$1,475,000
Price
8
Beds
8
Baths
4,639 Sq. Ft.
$318 / Sq. Ft.
4,639
Sq. Ft.
$318
per Sq. Ft.

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!
  1. Listed by Vania Rincon • DRE #01489265 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 5876 South Figueroa Street

Zoning
LAC2
Parcel Number
6004036015
Total Units
4.0
Living Area
4639
Source Living Area
Assessor
Area
Downtown L.A. (C42)
Vacancy Rate
0
Lot Size Area
4801
LISTING UPDATED: 11/25/2024 06:23 PM

Property Details for 5876 South Figueroa Street

StatusActive
MLS #24-466245
Days on Market43
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1934
Lot Size0.11 AC / 4,801 SF
CountyLos 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

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: Apartments
  • Security Features: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Cap Rate: 6.00%
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1102
  • Lot Size Square Feet: 4801
  • Lot Size Dimensions: 80x120
  • Source Lot Size Dimensions: Other
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 12
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-22-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 0
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $145,291.00
  • Assessed Improvement Percent: 71.1
  • Assessed Land Value: $59,065.00
  • Assessed Land Percent: 28.9
  • Assessed Total Value: $204,356.00

Property History for 5876 South Figueroa Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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5876 South Figueroa Street is a multi-family home for sale in Los Angeles, CA 90003. This property was listed for sale on October 14, 2024 by Keller Williams Beverly Hills, it's currently listed at $1,475,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Sixty-First Street Elementary School, Los Angeles Academy Middle and Augustus F. Hawkins High A Critical Design And Gaming. 5876 South Figueroa Street is a 8-bed, 8-bath, 4,639 sqft multi-family home built in 1934.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Vania Rincon, DRE #01489265

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.