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7404 S Figueroa St
Los Angeles, CA 90003

$1,825,000 USD

Apartments For Sale  •  4,296 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,296 SF
  • Lot Size 0.27 AC
  • Building Class C
  • Year Built 1923
  • Zoning LAC2
61 Transit Score
70 Walk Score

Highlights

Great covered land investment with strong in-place cap rate of 6.22%
All two bedrooms with high in-place rents
Individually metered for gas and electricity
Long term development opportunity to develop a 100% affordable 157 unit apartment development (Buyer to verify)
Neighboring property (same land size and zoning) was entitled for a 100% affordable 157 unit apartment and sold in September 2023 for $3,910,039

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 11 min - 7.9 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)) 13 min - 8.1 mi
AirportDriveWalkDistance
Los Angeles International 16 min - 8.7 mi
Long Beach (Daugherty Field) 23 min - 16.8 mi
Bob Hope 31 min - 23.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Casey Picard 626-376-9224 KW Commercial
Casey Picard 626-376-9224 KW Commercial