7404 S Figueroa Street

Los Angeles, CA 90003 Active for $1,825,000

Overview
Map & Location
Median Values
Schools & Score
Property History
Similar Listings

Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 11,600 sqft

7404 S Figueroa Street | Thumbnail Photo 1

Property Facts

MLS	P1-18775
Year Built
Property Type
County	Los Angeles
Status	Active
Active	$1,825,000
Structure Size	N/A sqft
Lot Size	11,600 sqft
Beds	N/A
Baths

Description

Located on South Figueroa Street in South Los Angeles, this cash-flowing covered land opportunity is an amazing opportunity for a developer seeking in-place cash flow while seeking entitlements. Currently, the property contains (6) - 2 bed / 1 bath units with a strong cap rate of 6.22% in-place. As a development site, there is potential to develop a 100% affordable apartment building containing 157 units (buyer to verify). The identical neighboring property received approvals for 157 units and sold in September of 2023 for $3,910,039.

Listing information courtesy of: Casey Picard, Keller Williams Realty . *Based on information from the Association of REALTORS/Multiple Listing as of 09/20/2024 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.