Listed by Compass
$1,950,000
12111 Figueroa St
Details
Property Type Multifamily
Sub Type Apartment Building
Units 12
Cap Rate 5.23%
NOI $102,002
Pro-Forma Cap Rate 12.42%
Pro-Forma NOI $242,254
Class B
Year Built 1960
Buildings 1
Stories 2
12 Units l 5.1% CAP
Marketing description
James Allan Group is proud to present a 12 Unit Building in close proximity to the 110 Fwy and 105 Fwy Consisting of 11: 2BD l 1BA units and 1: 1BD l 1 BA unit, excellently maintained with great upside potential. Newer Roof, updated plumbing and sewer line, new landscaping and stucco. Several units completely remodeled. Extra storage/previous rental unit with potential to convert to ADU. Secured ample parking. Currently operated at 5.1 cap with upside pro forma of 12 cap rate at market rents. Over $250,000 in improvements to the property. Proforma potential $306,000 Gross Income with 12.16 CAP and GRM of 6.6. 9766 sq ft Building space and 11,326 Sq ft lot size .Subject to LA rent control. Email for OM.
Investment highlights
Tons of upgrades
Listing Contacts
Listed by Compass
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$102,002.00
$8,500.17/mo
Valuation Metrics
0
DSCR
5.23%
Cap Rate
5.23%
ROI
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