7404 S Figueroa Street

Los Angeles, CA 90003

$1,825,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1923

calendar_month Built

Property Description

Located on South Figueroa Street in South Los Angeles, this cash-flowing covered land opportunity is an amazing opportunity for a developer seeking in-place cash flow while seeking entitlements. Currently, the property contains (6) - 2 bed / 1 bath units with a strong cap rate of 6.22% in-place. As a development site, there is potential to develop a 100% affordable apartment building containing 157 units (buyer to verify). The identical neighboring property received approvals for 157 units and sold in September of 2023 for $3,910,039.

Listing Information

List Price $1,825,000
Status Active
MLS P1-18776
HOA $0
Type Residential Income
Year Built 1923
Lot Size 11,600
Structure Size N/A
DOM 3
Courtesy Of Keller Williams Realty
Listing Agent Casey Picard DRE#01921866

Interior Features

Laundry Information
Location(s) Washer Hookup, Gas Dryer Hookup
Total Bedroom
Bedrooms N/A
Fireplace Information
Features None
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Casey Picard, Keller Williams Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 9th, 2024 at 1:42 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.