See all 37 photos

$2,150,000

Est. payment - /mo

Save

18 Beds

10 Baths

7,584 SqFt

New

8307 S Figueroa ST Los Angeles, CA 90003

Save

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

Sun

Jun

Mon

Jun

Tue

Jun

The Brandon Drew Group

financing@tbdgmortgage.com +1(909) 944-8800

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,584 sqft

Price per Sqft $283

MLS Listing ID 25542775

Bedrooms 18

HOA Y/N No

Year Built 1991

Lot Size 7,501 Sqft

Property Description

8307 S. Figueroa Street-a rare, non-RSO 9-unit multifamily offering located in the high-demand Vermont Knolls neighborhood of South Los Angeles. Constructed in 1991 and newly painted, this three-story building spans 7,584 square feet of rentable space and sits on a 7,499 square-foot lot zoned LAC2-1VL-CPIO with a Tier 2 TOC designation. The unit mix consists entirely of spacious two-bedroom units, including eight -2 bed/1-bath and one 2-bed/1.5-bath layout. The property is 100% occupied, with an average rent of $2,154 per unit and approximately 25% upside potential. Investors benefit from favorable rent control regulations allowing annual increases of 5% + CPI (currently 8.9%, capped at 10%). Each unit is separately metered for gas and electricity and includes its own water heater, minimizing landlord expenses, which are limited to water, common-area electricity, and trash. The building features secure gated access and 18 covered parking spaces-two per unit-which are exempt from seismic retrofit requirements. Strategically positioned near the 10 and 110 Freeways and within proximity to theCrenshaw/LAX rail lines, the property offers exceptional accessibility to Downtown LA, Culver City, Santa Monica, and the South Bay.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LAC2

Interior

Heating Central

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Covered

Total Parking Spaces 18

Building

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 6032020002

Special Listing Condition Standard

Listed by Jacqueline Carroll • Compass

Book an Appointment

Schedule an appointment with us to find out your options and get your questions answered!

Book Here

Apply Online

We make it easy, apply online, submit your documentation in our easy and secure platform! Once you've completed the application and uploaded your documents we will give you a call to go over your options!

Apply Here

Watch Our Class on How To Buy

We've put together a class on how to buy a home and all the different steps you will encounter thoughout the process! We've broken it down to 20 mini videos and at the end you will have a chance to get a $1,000 Closing Cost Credit that you can use when you close with us!

Watch Now