Attention Investors!Seize this rare chance to own a remarkable 9-unit property that promises low maintenance and minimal expenses only trash and water! This asset is not just a property; it’s a gateway to significant returns.Key Highlights:*High Upside Potential: With current rents below market value, there’s ample room for increases that can enhance your cash flow.*Future Development Possibilities: Explore the exciting potential for expansion! Reports indicate the possibility of developing up to 34 low-income units, maximizing your investment’s value.*Strategic Location: This property is being sold with the adjacent lot on 5886 S. Figueroa Street (APN 6004-036-016) asking price $350,000, currently utilized as parking, opening doors for future enhancements.Don’t let this unique opportunity pass you by! Invest in your future and capitalize on the growth potential of this property today. For more details and to schedule a viewing, contact us now!
Property Details
Price:
$1,475,000
MLS #:
24453717
Status:
Active
Baths:
0
Address:
5876 S Figueroa Street
Type:
Commercial
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Oct 14, 2024
State:
CA
ZIP:
90003
Year Built:
1934
Schools
Interior
Heating
Wall Furnace
Exterior
Electric
Standard
Parking Spots
12.00
Roof
Shingle
Stories Total
2
Water Source
Public
Financial
Map
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Courtesy of Keller Williams Beverly Hills. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
5876 S Figueroa Street
Los Angeles, CA
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