7404 South. Figueroa St., Los Angeles, CA 90003 - P1-18776 - iPro Real Estate
iPro Real Estate

iPro Real Estate

7404 South. Figueroa St.
Los Angeles, CA 90003

Expired, Multi-Family/Income Sale

For Sale

$1,825,000 $157.33 per sqft

Free Professional CMA

Listing ID : P1-18776

  • Lot Size

    11,600 Sqft

  • Year

    1923

Description

Located on South Figueroa Street in South Los Angeles, this cash-flowing covered land opportunity is an amazing opportunity for a developer seeking in-place cash flow while seeking entitlements. Currently, the property contains (6) - 2 bed / 1 bath units with a strong cap rate of 6.22% in-place. As a development site, there is potential to develop a 100% affordable apartment building containing 157 units (buyer to verify). The identical neighboring property received approvals for 157 units and sold in September of 2023 for $3,910,039.

Details

Type: Multi-Family/Income Sale 
County: Los Angeles 
Tax ID: 6020031010
Cap Rate: 6.22% 
Gross Rent Multiplier: 11.03 
AltCal ID: CRP1-18776 
Kitchen: None 
Laundry: Gas Hookup, 30 
Number of Buildings: 4 
Number of Units: 6 
Parking Spaces: 6 
Property Type: Commercial Sale 
View: None 

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Interactive

34.057259 -118.252472 $1,825,000 P1-18776
7404 South. Figueroa St., Los Angeles, CA 90003
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Listed by Casey Picard with Keller Williams Realty

Based on information from the MLSListings MLS) as of 1/15/2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 1/15/2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. ©2025 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes