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1053 Figueroa Terrace
Los Angeles, CA 90012 Echo Park

Price Upon Request

Apartments For Sale  •  7,658 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,658 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1992
  • Zoning LARD1.5
74 Transit Score
73 Walk Score

Highlights

6% Cap Rate. Only $228 per square feet. Rent low with upside potential .
ADU Possibilities. Large bonus/storage rs with windows, drywalls and utilities.Each unit has water heater ,separate electric & gas meters
Spacious OWNER UNIT,(2,641 sf)private 3 bedrooms + Den townhome style unit with attached beautiful city views and a two car garage
Custom built in 1992 with generous size units. New roof and skylights. Located close to Echo Park, Chinatown & Silverlake areas of DTLA
Total 10 parkings, 2 for each unit. Surrounded by newer built condos over $1M each &large future development projects near the neighborhood
Not under city rent control (RSO)but subject to state rent ordinance and just caused ordinance (JCO)

Financial Summary (Actual)

Net Operating Income: $106,550 USD (2024)
Total Expenses: $33,212 USD

Amenities

  • Balcony
  • Dishwasher
  • Disposal
  • Storage Space
  • Kitchen
  • Range
  • Views
  • Carpet
  • Deck
  • Patio

Public Transportation

Commuter RailDriveWalkDistance
4 min - 1.5 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 6 min - 1.5 mi
Transit/SubwayDriveWalkDistance
Chinatown Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 16 min 0.8 mi
AirportDriveWalkDistance
Bob Hope 24 min - 16.2 mi
Los Angeles International 27 min - 16.2 mi
Long Beach (Daugherty Field) 34 min - 24.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes