Listed by Lyon Stahl Investment Real Estate
$1,800,000
10108 S Figueroa
Details
APN 6054034023
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,523
Net Rentable (SqFt) 5,523
Units 12
Cap Rate 7.33%
NOI $131,918
Pro-Forma Cap Rate 7.99%
Pro-Forma NOI $143,858
Price per SqFt $326
Class C
Year Built 1953
Buildings 1
Stories 1
Acreage 0.347
Zoning Assessor
Ground Lease No
12 Units in South LA | $150,000/unit | 7.33% Cap Rate
Marketing description
The Subject property is a 12 Unit apartment building located at 10108 S Figueroa, just west of the 110 Freeway and south of Century Blvd. The structure is a wood frame and stucco. The building was built in 1953 and consists of 5523 Sq Ft of leasable area and sits on a 15,121 Sq Ft Lot zoned LA C2. The unit mix consists of (12) 1-Bed/1-Bath units.
Investment highlights
Excellent cash flow opportunity on a rare 12 unit opportunity in South LA
Strong mix of (12) 1 Bed/1 Bath units sitting on a large 15,121 square foot lot zoned LAC2
Offered at a 7.33% current cap rate and 7.11 GRM excellent metrics offering a great return on investment
Located just south of Century Blvd and west of the 110, in close proximity to SoFi Stadium
Listing Contacts
Listed by Lyon Stahl Investment Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$131,918.00
$10,993.17/mo
Valuation Metrics
0
DSCR
7.33%
Cap Rate
7.33%
ROI
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