Listed by Kidder Matthews, Kidder Mathews Los Angeles
$750,000
10908 S Figueroa St
Details
APN 6075-033-042
Property Type Mixed Use, Multifamily
Sub Type Apartment Building
Square Footage 2,815
Net Rentable (SqFt) 2,815
Units 5
Cap Rate 6.93%
NOI $51,973
Occupancy 80%
Pro-Forma Cap Rate 9.58%
Pro-Forma NOI $71,853
Price per SqFt $266
Broker Co-Op Yes
Class C
Year Built 1926
Buildings 1
Stories 1
Lot Size (SqFt) 5,125
Zoning LAC2
Parking Spaces 5 spaces
Parking Per SqFt 1.78
Investment Type Value Add
Ground Lease No
5-Unit Mixed Use | 7.71 GRM | 6.93% CAP
Marketing description
We are proud to present 10908 S Figueroa St, a 5-unit mixed-use property located in Los Angeles, operating at a 6.93% CAP and an 7.71 GRM on current rents, with potential upside to an 9.58% CAP and a 6.32 GRM on pro-forma rents. The property consists of three separate buildings constructed in 1926 with a unit mix of 1 two-bedroom units, 2 one-bedroom units, 1 studio and 1 commercial unit. Four out of five units have been renovated. There are also five uncovered parking spaces in the rear accessible by alley. This opportunity is located in close proximity to the 110 and 105 freeways, as well as a number of community establishments such as Balbuena’s Mexican, Superior Grocers, Taco Vaquero, Playa Dorada and Surprise Market.
Listing Contacts
Listed by Kidder Matthews, Kidder Mathews Los Angeles
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$51,973.00
$4,331.08/mo
Valuation Metrics
0
DSCR
6.93%
Cap Rate
6.93%
ROI
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