4260 South Figueroa
Multifamily | 4 Units | $275,000/unit
Marketing description
An exceptional investment opportunity awaits in the heart of Los Angeles. This spacious and elegantly maintained four-unit property sits on a large 7,510 sq. ft. lot, just blocks from the University of Southern California, the Coliseum and one block from the iconic BMO Stadium, home of LAFC. Each of the four units contains approximately 1,100 Sq. Ft. with pristine hardwood floors and nice finishes offering immediate appeal for residents. Situated within walking distance to Exposition Park the new Lucas Museum of Narrative art, Expo Line Train Station, this property offers incredible access to cultural landmarks, public transit, and campus life. The neighborhood is experiencing rapid appreciation, making this a strong income-producing investment. Property includes a driveway to a back lot for ample parking. Easy reach to downtown LA, cultural venues, and public transit. High Demand Market Student housing, young professionals, and sports/cultural enthusiasts. The Fourth ground-floor vacant unit offers Value- Add Opportunity: Renovate the fourth unit for increased returns at a projected rental income of $2,300/month or as an owner user. When submitting an offer please use the CAR Residential Income Property Purchase Agreement (RIPA) allowing for a five (5) day response time.
Investment highlights
Well maintained 1920 Constructed 4 unit building just blocks from Exposition Park and the USC Campus.
The bottom floor right side unit is vacant with a projected rental amount of $2,300/Mo.
This property is being offered for sale as part of a court proceeding related to lead-based contamination. Please contact Bob Day for additional disclosures. Buyers are responsible for conducting their own due diligence, including inspections and review of all disclosure documents, and for verifying the square footage of improvements and lot size.
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