See all 12 photos

$1,995,000

Est. payment - /mo

Save

18 Beds

12 Baths

7,375 SqFt

New

4709 S Figueroa ST Los Angeles, CA 90037

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,375 sqft

Price per Sqft $270

MLS Listing ID 26873835

Bedrooms 18

HOA Y/N No

Year Built 1926

Lot Size 0.372 Acres

Property Description

We are proud to present 4701 & 4709 S Figueroa St (MUST BE SOLD TOGETHER, $1.995M asking price), an 11-unit multifamily community, offered at an 8.15 GRM and an 8.29% CAP Rate on current rents. Offered with an attractive, in-place high yield on a fully occupied property, this opportunity consists of an adjacent 3-unit and 8-unit property with two separate parcels, allowing for multiple exit strategies for the next owner, including but not limited to, acquiring both properties together, selling the 3-unit separately for a premium and further reducing your cost basis on the 8-unit property and continuing to drive returns. Collectively, the 11 units offer a total of +/-7,375 rentable square feet with a unit mix of (2)3BD+1BA, (1)2BD+2BA, (2)2BD+1BA and (6)1BD+1BA units which sit on a combined +/-16,218 square foot LAC2 zoned double corner lot with a total of +/- 13 uncovered onsite parking spaces which can continue to serve as parking and/or for future ADU(s). The 3-unit consists of two separate, single-story structures built in 1919 totaling 2,911 retable square feet with the (2)3BD+1BA and (1)2BD+2BA units whereas the 8-unit property consists of a single, two-story structure built in 1926 with 4,464 rentable square feet with the (2)2BD+1BA and (6)1BD+1BA units. As a long-term development site, but utilizing TOC, one can potentially develop up to 66 units, however, there is the ability to utilize the 100% affordable ED1 development standards and achieve 80-90 units on-site. PROPERTIES MUST BE SOLD TOGETHER WITH A COMBINED ASKING PRICE OF $1.995M.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAC2

Interior

Inclusions Both APNs: 5018-027-012 & 5018-027-011

Fireplace No

Exterior

Parking Features Uncovered

Total Parking Spaces 13

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5018027012

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Casey Lins Kidder Mathews of California, Inc. #01902650

Nearby School & Business

Get More Information

Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

Quick Search