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FOR SALE

$1,050,000

10311 S Figueroa St, Los Angeles, Ca 90003

2,700 SF

Square Feet

$389

PPSF

5

Units

200.0K

PPU

6.75%

CAP

Property Description

Units

5 — PPU: 200.0K

NOI

$70,875

Cap Rate

6.75%

This property represents a unique investment opportunity in Los Angeles. Built in 1928, this duplex encompasses a total living area of 1,560 square feet on a 2,751-square-foot lot. The classic mid-century construction combined with a multifamily setup offers versatility in tenant arrangements, appealing to small families and working professionals alike.
The current owner, SOLA Impact Fund II LP, acquired it on February 19, 2018, for $500,000. Its LAC2 zoning enhances investment potential, allowing for various uses and potential developments in the future. For investors, this property represents a chance to secure a foothold in a neighborhood with rising demand, offering steady income and room for growth.
This duplex offers a sturdy wood frame construction, with classic architectural features. While the property could benefit from targeted updates, its existing structure provides a strong foundation for renovation opportunities that could lead to increased rental income and property value.

Property Details

Asset Type

MultiFamily

Year Built

1928

Zoning

LAC2

Submarket

Los Angeles

ZIP

90003

Listing Type

sale

Net Operating Income (NOI)

$112,443

Debt Service Coverage Ratio (DSCR)

1.88x

Cap Rate

10.71%

Cash Flow (Annual)

$52,713

Cash-on-Cash Return

20.08%

Monthly Debt Service

$4,978

Annual Debt Service

$59,730

View on Map

Address

10311 S Figueroa St, Los Angeles, Ca 90003

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Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

No investors found in this market.

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Taylor Avakian
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Taylor Avakian

First Vice President

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Taylor Avakian
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Taylor Avakian

First Vice President

53 closed