$999,000
 $5,363 est/mo Sourced by Back At You

9230 S Figueroa,Los Angeles, CA 90003

Los Angeles, CA 90003

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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.

Details

MLS #SR26137338
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1957
Days On Site71
Listing Provided ByEquity Union | Trey Beltran

Features

SQ Feet3,792
Garage6
Story(s)2
Units4
Building(s)1
Acreage0.13

Exterior

Lot FeaturesZero To One Unit Acre

Parking

Garage Yes / NoYes

Utilities

SewerSewer Tap Paid

Location

Community FeaturesUrban

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90003
AreaC36 Metropolitan Southwest
Listing VS Median (in 90003)
Price:
$999,000
low | high
Med:
$699,942
79.935785785786% of Average
sqft:
3,792
low | high
Med:
1,141
100% of Average
$ / sqft:
$263
low | high
Med:
$616
83.974312413738% of Average
On site:
71
low | high
Med:
75.5
94.039735099338% of Average
Sourced by Back At You

Market Activity 90003

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Learn More About This Property

Jeff Rayborn

Jeff Rayborn

Desert Lifestyle Properties

02062886 (323) 833-5529jeff@desertlifestyleproperties.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90003
AreaC36 Metropolitan Southwest
Listing VS Median (in 90003)
Price:
$999,000
low | high
Med:
$699,942
79.935785785786% of Average
sqft:
3,792
low | high
Med:
1,141
100% of Average
$ / sqft:
$263
low | high
Med:
$616
83.974312413738% of Average
On site:
71
low | high
Med:
75.5
94.039735099338% of Average
Sourced by Back At You
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Price: $749K - $1.248M
sqft: 2,500 - 4,500
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(323) 833-5529
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Jeff Rayborn - Desert Lifestyle Properties