Overview
- Updated On:
- August 9, 2024
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.
Address: 7404 S Figueroa Street
City: Los Angeles
Area: Not Applicable
State/County: Los Angeles
Zip: 90003
Country: United States
Open In Google Maps
Property Id : 401382
Price: $ 1,825,000
Property Lot Size: 0 ft2
$ 9,357.14
per month- Principal and Interest
- Property Tax
- HOA fee
$ 7,075.89
Thu
30
Oct
Fri
31
Oct
Sat
01
Nov
Sun
02
Nov
Mon
03
Nov
Tue
04
Nov
Wed
05
Nov
Thu
06
Nov
Fri
07
Nov
Sat
08
Nov
Your information
Property Reviews
You need to login in order to post a review
Similar Listings
E Ave W 12 & 128 St E,Pearblossom,Los An...
$ 150,000
Discover a prime opportunity to own a remarkable piece of land in the heart of Pearblossom ...
0 Mar Vista Drive,Malibu,Los Angeles,Land
$ 77,000
Don’t miss the chance to purchase land in a fantastic Malibu location, with the opti ...