5874-5876 Figueroa St
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5874-5876 Figueroa St
9 Unit Block of Flats £1,173,392 (£130,377/Unit) Los Angeles, CA 90003
Investment Highlights
- Upside potential, land zoning, selling with adjacent lot.
Executive Summary
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. Request/ Download Offer Memorandum
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!
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. Request/ Download Offer Memorandum
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!
Data Room Click Here to Access
- Offering Memorandum
- Miscellaneous
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 500 |
| 2+1 | 1 | - | 650 |
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Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 6004-036-015 | Total Assessment | £164,190 (2024) |
| Land Assessment | £47,456 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £116,734 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
6004-036-015
Land Assessment
£47,456 (2024)
Improvements Assessment
£116,734 (2024)
Total Assessment
£164,190 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | C2-1, Los Angeles |
| C2-1, Los Angeles |
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5874-5876 Figueroa St
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