5876 S Figueroa St, Los Angeles, CA 90003 – 24-453717

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$1,475,000

Est. payment - /mo

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8 BD

8 BA

4,639 SqFt

Active

5876 S Figueroa St Los Angeles, CA 90003

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

11/27/2024 07:17 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,639 sqft

Price per Sqft $317

MLS Listing ID 24-453717

Bedrooms 8

Year Built 1934

Lot Size 4,801 Sqft

Acres 0.1102

Property Description

Attention Investors!Seize this rare chance to own a remarkable 9-unit property that promises low maintenance and minimal expenses only trash and water! This asset is not just a property; it's a gateway to significant returns.Key Highlights:*High Upside Potential: With current rents below market value, there's ample room for increases that can enhance your cash flow.*Future Development Possibilities: Explore the exciting potential for expansion! Reports indicate the possibility of developing up to 34 low-income units, maximizing your investment's value.*Strategic Location: This property is being sold with the adjacent lot on 5886 S. Figueroa Street (APN 6004-036-016) asking price $350,000, currently utilized as parking, opening doors for future enhancements.Don't let this unique opportunity pass you by! Invest in your future and capitalize on the growth potential of this property today. For more details and to schedule a viewing, contact us now!

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAC2

Interior

Heating Wall

Exterior

Garage Spaces 12.0

Roof Type Shingle

Building

Story 2

Water District

Structure Type Stucco

Others

Special Listing Condition Standard

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Listed by Keller Williams Beverly Hills