HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?
Additional details
$ 1,589,000
Est. payment /mo
Active
12021 S Figueroa Los Angeles, CA 90061
10 Beds
8 Baths
0.28 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26040584
Bedrooms 10
Lot Size 0.282 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
DEVELOPERS OPPORTUNITY - Exceptional investment in the heart of Los Angeles! This well-positioned 8-unit apartment complex at 12021 S Figueroa Street, Los Angeles, CA 90061 offers a prime location with outstanding accessibility and strong income potential. Zoning LAR3 for developers with possible increased density programs. Currently the property features a desirable unit mix of two spacious 2-bedroom, 1-bath units and six 1-bedroom, 1-bath units, appealing to a broad tenant base. The efficient layout and low-maintenance design make this an ideal asset for both seasoned investors and those looking to expand their portfolio. Situated just off bustling Figueroa Street, the property provides immediate access to public transportation, including nearby Metro lines, and is conveniently located near the 110 and 105 freeways offering seamless connectivity throughout Los Angeles. Tenants enjoy easy commuting options and proximity to major employment hubs, retail, dining, and neighborhood amenities. With stable rental demand in this high-access corridor and significant upside potential in future rents and overall income growth, this asset presents a compelling value-add opportunity. Whether youre seeking steady cash flow, long-term appreciation, or both, this centrally located, income-producing property checks all the boxes. Dont miss the chance to acquire a strategically located multi-unit property in one of Los Angeles high-demand rental corridors. 2 UNITS DELIVERED VACANT AT CLOSING.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction 110 -Figueroa St and 120th Street
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 6117003010
Acceptable Financing Conventional, Exchange
Listing Terms Conventional, Exchange
Listed by Bruce Jung, DRE#01280563 THE REAL ESTATE LINK
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION