$ 1,475,000
5876 S Figueroa ST Los Angeles, CA 90003
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$ 1,475,000
Est. payment | /mo
4,800 Sqft Lot
$ 1,475,000
Est. payment | /mo
4,800 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24453717
HOA Y/N No
Year Built 1934
Lot Size 4,800 Sqft
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 C42 - Downtown L.A.
Zoning LAC2
Interior
Heating Wall Furnace
Fireplace No
Exterior
Roof Type Shingle
Total Parking Spaces 12
Building
Story 2
Water Public
Others
Tax ID 6004036015
Acceptable Financing Contract
Listing Terms Contract
Special Listing Condition Standard
Listed by Vania Rincon • Keller Williams Beverly Hills
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Jennifer Lucero
Broker Associate | Lic# 01956495