5876 S Figueroa Street , Los Angeles, CA 90003
Los Angeles, CA 90003
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!
Details
| Mls | 24453717 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1934 |
| Days On Site | 42 |
| Listing Provided By | Keller Williams Beverly Hills 310-432-6400 | Vania Rincon |
Features
| Sq Feet | 4,639 |
|---|---|
| Storys | 2 |
| Units | 9 |
| Buildings | 3 |
| Zoning | LAC2 |
| Acreage | 0.11 |
Market Activity 90003
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90003 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90003) | |
Price: $1,475,000 low | high Med: $950,000 SqFt: 4,639 low | high Med: 2,021 $ / SqFt: $318 low | high Med: $470 On Site: 42 low | high Med: 113.000000 | |