11308 S Figueroa Street

Description

7.30% Cap Rate And a 9.65 GRM with upside for 1987 product! No LA CIity RSO! 11.02% Proforma Cap Rate! We are pleased to offer this nine unit investment opportunity, located in the City of Los Angeles. The unit mix consists of three 2+1 and six 3+2 units. The investment consists of approximately 8,610 of rentable square feet and is situated on two adjacent parcels totaling approximately 12,350 square feet. Recent property upgrades include new exterior paint, new exterior lighting, a new wrought iron gate, new exterior building and unit numbers, and most of the units have recently been renovated. The building amenities include a large parking area with 18 total spaces, a billboard generating additional income, and the property is separately metered for both gas & electricity.

Listing information courtesy of: John Katnik, BRC Advisors- BH . *Based on information from the Association of REALTORS/Multiple Listing as of 10/23/2024 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.