7404 S Figueroa Street, Los Angeles, CA 90003
-
Listed Price :
$1,825,000
-
Beds :
N/A
-
Baths :
-
Property Size :
N/A sqft
Property Description
Located on South Figueroa Street in South Los Angeles, this cash-flowing covered land opportunity is an amazing opportunity for a developer seeking in-place cash flow while seeking entitlements. Currently, the property contains (6) - 2 bed / 1 bath units with a strong cap rate of 6.22% in-place. As a development site, there is potential to develop a 100% affordable apartment building containing 157 units (buyer to verify). The identical neighboring property received approvals for 157 units and sold in September of 2023 for $3,910,039.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
7404 S Figueroa Street |
| City |
Los Angeles |
| State |
CA |
| Zip |
90003 |
| County |
Los Angeles |
| Listing Agent |
Casey Picard DRE #01921866 |
| Courtesy Of |
Keller Williams Realty |
| List Price |
$1,825,000 |
| Status |
Active |
| Type |
Land |
| Structure Size |
N/A |
| Lot Size |
11,600 |
Listing information courtesy of: Casey Picard, Keller Williams Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 9th, 2024 at 1:42 AM 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.
