21
See all 21 photos
$999,000
Est. payment /mo
8 Beds
5 Baths
5,550 Sqft Lot
New
9230 S Figueroa Los Angeles, CA 90003
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26137338
Bedrooms 8
Lot Size 5,550 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
PRICED UNDER $1M RARE SOUTH L.A. VALUE-ADD WITH NEAR-TERM UPSIDE. 9230 S Figueroa is a 1957-built fourplex on a 5,548 SF LARD2 lot, offered at $999,000 ($249,750/unit). A fifth unit (ADU, 1BD/1BA) is UNDER CONSTRUCTION and in its FINAL INSPECTION PHASE projected to add ~$1,900/mo upon certificate of occupancy, converting the asset to a legal 5-plex. Exceptional FRICTION-FREE upside: Units 4 ($2,100) and 2 ($1,800) are scheduled to vacate in July and October voluntary turnovers with NO relocation or buyout cost letting a buyer reset to market or owner-occupy. Long-term stability is anchored by two below-market, long-tenured RSO units (one reliable Section 8 placement). Added value-add levers: utility bill-back (RUBS) to recover owner-paid utilities, plus predictable RSO/CPI rent growth and vacancy decontrol on future move-outs. Current 4-unit gross $84,012/yr with a clear, documented path to a stabilized ~8% pro-forma cap. Minutes to the 110 & 105 Freeways, USC/Exposition Park, and the SoFi/Inglewood growth corridor. Full OM, rent roll & operating statement available. Buyer to verify units, ADU permits/C of O, rents, RSO status & square footage. Drive-by only DO NOT DISTURB TENANTS.
Location
State CA
County Los Angeles
Zoning Assessor
Direction From 110 Exit 92nd St. Head West on 92nd St Turn Left on South Figueroa St. Property is on Right between W 92nd St and W Colden
Interior
Fireplace No
Exterior
Utilities Available Sewer Connected
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6039004006
Acceptable Financing Cash, Conventional, VA
Listing Terms Cash, Conventional, VA
Listed by Trey Beltran, DRE#02112359 Equity Union
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
QUICK SEARCH