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12722 S Figueroa ST Los Angeles, CA 90061
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Key Details
Sold Price $1,750,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision ,Athens
MLS Listing ID SR22125808
Sold Date 10/14/22
HOA Y/N No
Year Built 1939
Lot Size 0.277 Acres
Property Sub-Type Apartment
Property Description
Casa Figueroa is a multifamily asset totaling 9 units located at 12722 S Figueroa St. Los Angeles, CA 90061. This spacious 9-unit apartment building was built in 1939. The apartment building is 2 stories and offers 1 single unit, 2 one-bedroom units, 5 two-bedroom/one-bath units, and 1 three-bedroom/two-bath unit. The building construction is of wood frame with a pitched roof and painted stucco exterior.
The total building square feet is ±9,336 on a large ±12,090 square foot lot zoned LAC2. This investment opportunity presents an ideal income property for an investor looking to acquire a value-add asset with significant rental upside potential.
Common area amenities include a laundry room and plenty of on-site parking. Aesthetically, the property grounds and building are reasonably kept and maintained.
The building has gated entry from both Figueroa St. as well as the rear alley.
12722 S Figueroa St is located in South Los Angeles, a highly urbanized community within Los Angeles County in a community among other apartment buildings and retail stores on the main thoroughfare. It is roughly 15 minutes driving due south of downtown LA. Nearby destinations include Athens Park which is approximately a half mile away for residents to enjoy some recreation time .
The property itself is walking distance to many stores and restaurants. The property is also just minutes driving from the 105 and 110 freeways.
Property Highlights
+ ±39% rental upside
+ Attractive cost per sf
+ Excellent unit mix
+ Spacious units
+ Attracting financing
+ Gated entry from street & alley
+ Value-add opportunity
+ Strong rental market
+ Central location
+ Excellent freeway access
Location
State CA
County Los Angeles
Area 122 - Harbor Gateway
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features One Space
Pool None
Community Features Park, Street Lights, Sidewalks, Urban
Total Parking Spaces 13
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6132019049
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Financing Conventional
Special Listing Condition Standard
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Bought with John Katnik • BRC Advisors- BH