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    6519 S Figueroa Street

    Los Angeles (City), CA 90003
    • $999,000
    • STATUS: Active
    • ON SITE: 173 days
    • ID#: SR20238655
    UPDATED: 38 min ago
    $999,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,105
      SQFT
    • $322
      $/SQFT
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    Welcome to this exclusive income producing TRIPLEX available for sale in well-located South Los Angeles. Featuring 3 large units (one 4 bed/1 bath unit, one 3 bed/2 bath unit, one 3 bed/1 bath unit) One unit to be delivered VACANT. Current GSI is $5,266/mth; $63,192/yr with opportunity to rent vacant unit at current market rate. It presents a great opportunity for an investor looking for solid cash flow. Located in a rapidly appreciating South LA submarket & only +/- 3.5 miles south of USC, this triplex could be perfect for graduate students or faculty with a family. The proximity to the LA Memorial Coliseum, LAFC's new Banc of California Stadium & the Staples Center/DTLA makes it a great location for investment & continued appreciation over the coming years. The Lucas Museum has also broken ground locally in Exposition Park & is set to open in late 2021. With this areas many new construction projects; existing stadiums/attractions & great proximity to DTLA, this is a great opportunity to acquire property in this appreciating market place.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-06T14:37:43.627. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
    www.thealvaradobrothers.com/homes/111850062
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    6519 S Figueroa Street Los Angeles (City), CA 90003

    • Price: $999,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: SR20238655
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    3,105
    SQFT
    $322
    $/SQFT
    1922
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    Welcome to this exclusive income producing TRIPLEX available for sale in well-located South Los Angeles. Featuring 3 large units (one 4 bed/1 bath unit, one 3 bed/2 bath unit, one 3 bed/1 bath unit) One unit to be delivered VACANT. Current GSI is $5,266/mth; $63,192/yr with opportunity to rent vacant unit at current market rate. It presents a great opportunity for an investor looking for solid cash flow. Located in a rapidly appreciating South LA submarket & only +/- 3.5 miles south of USC, this triplex could be perfect for graduate students or faculty with a family. The proximity to the LA Memorial Coliseum, LAFC's new Banc of California Stadium & the Staples Center/DTLA makes it a great location for investment & continued appreciation over the coming years. The Lucas Museum has also broken ground locally in Exposition Park & is set to open in late 2021. With this areas many new construction projects; existing stadiums/attractions & great proximity to DTLA, this is a great opportunity to acquire property in this appreciating market place.
    Exterior Features

    Direction Faces East Lot Features PavedRectangular LotStreet Level Number Of Separate Electric Meters 3 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

    Property Features

    Additional Parcels YN No Common Interest None Community Features SidewalksUrban Disclosures Easement(S) Fuel Expense 0 Garage YN No Gross Income 27192 Gross Scheduled Income 63192 Insurance Expense 0 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanCash To New LoanConventional1031 Exchange Net Operating Income 61092 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 2100 Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 2266 Trash Expense 0 Water Sewer Expense 2100 Water Source Public Zoning Lac2

    Listing provided courtesy of Nestor Aguilar of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-06T14:37:43.627. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
     
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