7716 S Figueroa Street,  Los Angeles CA, 90003 (Residential Income)

8,820 sqft
Status: Sold
MLS#: SB16130712
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Last Updated: 12/8/2016 11:41 AM
Description for 7716 S Figueroa Street Los Angeles, CA 90003
Incredible investment opportunity with strong cash flow day one and 32%(+/-) rental upside! All units are spacious two bedroom/ one bath. Individually metered for gas/electricity, each unit has its own water heater as well. Ten of the twelve units have been completely rehabbed and feature the following: new tile/vinyl plank flooring, new kitchen cabinetry, new showers/vanities, new fixtures throughout, new bath tubs, new dishwashers, copper re-plumbed (type-L)- with installed shut off valves, newer water heaters, new exterior and interior doors. The building also has a separate and permitted laundry building (seller owned equipment). Exterior has new paint, decking, rain gutters, screen doors, and main line sewer clean-out. 18 onsite parking spots are also available for tenant's convenience.
Price
Sold Price:
$1,800,000
Sold Date:09/22/2016
Los Angeles
8,820 (approx)
SB16130712
Closed
Description
Incredible investment opportunity with strong cash flow day one and 32%(+/-) rental upside! All units are spacious two bedroom/ one bath. Individually metered for gas/electricity, each unit has its own water heater as well. Ten of the twelve units have been completely rehabbed and feature the following: new tile/vinyl plank flooring, new kitchen cabinetry, new showers/vanities, new fixtures throughout, new bath tubs, new dishwashers, copper re-plumbed (type-L)- with installed shut off valves, newer water heaters, new exterior and interior doors. The building also has a separate and permitted laundry building (seller owned equipment). Exterior has new paint, decking, rain gutters, screen doors, and main line sewer clean-out. 18 onsite parking spots are also available for tenant's convenience.
Listing Information
Property Type: Cluster, Other
0.28 Acres 1,235,100 sq.ft. 8,820 (approx)
$204.08 1962
11 Total
Neighborhood
Room Information
Exterior / Lot Features
Sidewalks, Curbs Walk
Driving Directions
Cross Streets: 77th Street and Figueroa Stree
Financial Considerations
6020034008
$152,256 Income ,$53,473Expense
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90003 has a population of 3,804,503.

The median household income in Los Angeles, California 90003 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90003 is 34.1 years.

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