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
30 years
10 years
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.