8627 South Figueroa Street

Los Angeles, CA 90044

$799,000
Price
4
Beds
4
Baths
2,518 Sq. Ft.
$317 / Sq. Ft.
2,518
Sq. Ft.
$317
per Sq. Ft.

Description

Welcome to 8627 S Figueroa St Los Angeles, an amazingly priced and fantastic 4-unit multifamily property centrally located just minutes away from Downtown Los Angeles, SoFi Stadium, 110 Freeway and LAX. This income-producing gem features 4 spacious 1-bedroom, 1-bathroom units, with plenty of parking for up to 8 cars or more on a gated lot, making it ideal for rental investment or owner occupancy. Live in one unit and collect rental income from the other three! With its prime location and income potential,...Welcome to 8627 S Figueroa St Los Angeles, an amazingly priced and fantastic 4-unit multifamily property centrally located just minutes away from Downtown Los Angeles, SoFi Stadium, 110 Freeway and LAX. This income-producing gem features 4 spacious 1-bedroom, 1-bathroom units, with plenty of parking for up to 8 cars or more on a gated lot, making it ideal for rental investment or owner occupancy. Live in one unit and collect rental income from the other three! With its prime location and income potential, this property is a great opportunity for investors or families looking to make a home while earning additional revenue. Don't miss out on this rare offering in a highly sought-after area! All current units are tenant-occupied and current on rent.
  1. Listed by Rajaa Chraibi • DRE #02003447 • Brokerage DRE #01327299 • Eagle First Real Estate Services

Property Details for 8627 South Figueroa Street

Zoning
LAC2
Parcel Number
6038001016
Total Units
4.0
Living Area
2518
Source Living Area
Vendor Enhanced
Area
Metropolitan Southwest (C36)
Vacancy Rate
0
Lot Size Area
4829
LISTING UPDATED: 11/11/2024 12:01 AM

Property Details for 8627 South Figueroa Street

StatusActive
MLS #24-459745
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1949
Lot Size0.11 AC / 4,829 SF
CountyLos Angeles County

Building Information for 8627 South Figueroa Street

Stories2Residences-Year Built1949Building Size-Lot Size0.11 AC / 4,829 SF

Property Information for 8627 South Figueroa Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 4
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: $69,600
  • Net Operating Income: $69,000.00
  • Gross Income: $69,600
  • Gross Rent Multiplier: $11.47
  • Total Annual Expense: 600
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1109
  • Lot Size Square Feet: 4829
Parking Details
Parking Details
  • Parking Garage: Driveway Gate, Driveway - Concrete
  • Total Parking: 8
  • Parking Features: Concrete
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-03-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,450.00
  • Unit Actual Rent: $5,800.00
  • Unit Projected Rent: $5,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,450.00
  • Unit Actual Rent: $5,800.00
  • Unit Projected Rent: $5,800.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,450.00
  • Unit Actual Rent: $5,800.00
  • Unit Projected Rent: $5,800.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,450.00
  • Unit Actual Rent: $5,800.00
  • Unit Projected Rent: $5,800.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $170,672.00
  • Assessed Improvement Percent: 30.0
  • Assessed Land Value: $398,237.00
  • Assessed Land Percent: 70
  • Assessed Total Value: $568,909.00

Property History for 8627 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 8627 South Figueroa Street

Taxable ValueLand$406,201Additions$174,085Total$580,286
Tax Record2024$7,475 ($623 / month)
Home Facts
Total Finished SqFt2,518 SqFtAbove Grade Finished SqFt2,518 SqFtLot Size4,846 SqFtStyleQuadraplexYear Built1949ZoningLAC2CountyLOS ANGELESAPN6038-001-016

Schools near 8627 South Figueroa Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - 1 to 6
Public - 6 to 8
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Manchester Avenue Elementary School
Public1 to 6

Bret Harte Preparatory Middle School
Public6 to 8

KIPP Academy Of Opportunity
Charter5 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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8627 South Figueroa Street is a multi-family home for sale in Los Angeles, CA 90044. This property was listed for sale on November 3, 2024 by Eagle First Real Estate Services, it's currently listed at $799,000. It has been on the market for a total of 18 days and was last sold on July 21, 2005. This listing's school district is Los Angeles Unified School District. Nearby schools include Manchester Avenue Elementary School, Bret Harte Preparatory Middle School and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 8627 South Figueroa Street is a 4-bed, 4-bath, 2,518 sqft multi-family home built in 1949.

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 Eagle First Real Estate Services, Rajaa Chraibi, DRE #02003447

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.