$3,450,000
4555 N Figueroa Street,
Los Angeles CA, 90065
Description
The property boasts a phenomenal unit mix of 7 studios, 7 one bedroom/one bath units, and one 1+1 single family home. Common area amenities include an oversized parking lot, laundry room, and an abundance of open landscaped common area. A prime location and true value add deal is being offered at $3,450,000. Currently a 4.67% cap rate and a GRM of 14.65 with a pro forma cap rate of 6.92% and a GRM of 10.85. Three units will be delivered vacant including a private single family home. The rental income is approximately 35% below fair market value.
Details
| MLS# | 19529836 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1908 |
| Days On Site | 474 |
Features
| Story(s) | 2 |
|---|---|
| Water Front | No |
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| Area Information | |
|---|---|
| State | CA |
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90065 |
| Area | 632 - Highland Park |
| Listing VS Median (in 90065) | |
Price: $3,450,000 low | high Med: $249,000 On Site: 474 low | high Med: 266 | |
Listing Updated: February 8, 2021 8:28:48 AM PST
MLS Number: 19529836Listing Provided By:
Daniel Hirth of Keller Williams-Santa Monica