5876 S Figueroa Street
Los Angeles, CA 90003
Active for $1,475,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 4,801 sqft
| MLS | 24453717 |
| Year Built | 1934 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $1,475,000 |
| Structure Size | N/A sqft |
| Lot Size | 4,801 sqft |
| Beds | N/A |
| Baths |
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!
Listing information courtesy of: Vania Rincon, Keller Williams Beverly Hills 323-804-9854. *Based on information from the Association of REALTORS/Multiple Listing as of 10/25/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Clemente De La Torre
REALTOR®
Direct: 818.481.2483
Email: Email Me
DRE: 02032823
DRE #01873088
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