7307 South Figueroa Street

Los Angeles, CA 90003

$995,000
Price
10
Beds
4,221 Sq. Ft.
$236 / Sq. Ft.
4,221
Sq. Ft.
$236
per Sq. Ft.

Description

ThiS Property has 4,221 SF of living space consisting of five (5) two- bedroom/one-bathroom units situated on a 6,243 SF lot. The property is currently grossing $101,664 annually with more than 30% rental upside. This Property offers an investor the opportunity to acquire a high-cashflow property in the strong rental market of South Los Angeles. By implementing a value-add program to raise the rents to market-rate, 7307 S Figueroa presents an amazing investment of any value-add buyer.ThiS Property has 4,221 SF of living space consisting of five (5) two- bedroom/one-bathroom units situated on a 6,243 SF lot. The property is currently grossing $101,664 annually with more than 30% rental upside. This Property offers an investor the opportunity to acquire a high-cashflow property in the strong rental market of South Los Angeles. By implementing a value-add program to raise the rents to market-rate, 7307 S Figueroa presents an amazing investment of any value-add buyer.
  1. Listed by Marcus Nasrollahy • DRE #02207189 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-406-5126
  2. Listed by Nico Rosmarin • DRE #02023847 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 7307 South Figueroa Street

Parking Spaces Total
5
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4221
Assessor Parcel Number
6020-025-013
Property Attached YN
true
LISTING UPDATED: 10/08/2024 06:43 AM

Property Details for 7307 South Figueroa Street

StatusActive
MLS #SB24166481
Days on Market143
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1965
Lot Size0.14 AC / 6,243 SF
CountyLos Angeles County

Building Information for 7307 South Figueroa Street

Stories2Residences-Year Built1965Building Size-Lot Size0.14 AC / 6,243 SF

Property Information for 7307 South Figueroa Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $101,664
  • Gross Scheduled Income: $101,664
  • Net Operating Income: $67,407
Expense Details
  • Operating Expense: $31,000
  • Insurance Expense: $2,826
  • Professional Management Expense: $4,000
  • Trash Expense: $0
  • Total Expenses: $31,000
Tax / Assessment Info
  • Tax Tract Number: 2377
  • Tax Lot: 74
Community / Development
Community / Development
  • Community Features: Street Lights
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: front
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 10
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 5
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $101,664
  • Unit Type Total Rent: $101,664
  • Unit Type Pro Forma: 138000
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5

Property History for 7307 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 7307 South Figueroa Street

Taxable ValueLand$370,068Additions$234,950Total$605,018
Tax Record2018$7,689 ($641 / month)
Home Facts
Beds10Total Finished SqFt4,221 SqFtAbove Grade Finished SqFt4,221 SqFtLot Size6,241 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningLAC2CountyLOS ANGELESAPN6020025013

Schools near 7307 South Figueroa Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 4
Rating
School
Distance
Gil Garcetti Learning Academy
PublicK to 6

Mary Mcleod Bethune Middle School
Public7 to 8

KIPP Empower Academy
CharterK to 4

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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7307 South Figueroa Street is a mixed use property for sale in Los Angeles, CA 90003. This property was listed for sale on August 5, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $995,000. It has been on the market for a total of 143 days and was last sold on October 23, 2006. This listing's school district is Los Angeles Unified School District. Nearby schools include Gil Garcetti Learning Academy, Mary Mcleod Bethune Middle School and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 7307 South Figueroa Street is a 10-bed, 0-bath, 4,221 sqft mixed use property built in 1965.

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 Lyon Stahl Investment Real Estate, Inc., Marcus Nasrollahy, DRE #02207189; Lyon Stahl Investment Real Estate, Inc., Nico Rosmarin, DRE #02023847

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.