Property Description
We are pleased to present a rare non-RSO investment opportunity with the sale of 8307 S. Figueroa Street, a 9-unit multifamily property nestled in the Vermont Knolls neighborhood of South Los Angeles. Constructed in 1991, this newly painted three-story building offers an expansive 7,584 square feet of rentable space stands on a generous 7,499 square-foot lot zoned LAC2-1VL-CPIO as well as a Tier 2 TOC Bonus. 8307 S. Figueroa features a unit mix of exclusively 2-bedroom units, including eight 2-bedroom/1-bathroom units and one 2-bedroom/1.5-bathroom unit. With an average rent of $2,089 per unit, there is a notable rental upside potential of approximately 34%. Investors will benefit from the ability to raise rents 5% + CPI annually, which is currently 8.9% and capped at 10%. Security and convenience are paramount, with features such as each unit benefiting from individual water heaters and separate metering for gas and electricity, gated controlled access, and an on-site parking lot with 18 dedicated spaces that are exempt from earthquake & seismic retrofitting. This property offers an excellent investment opportunity in a vibrant and densely populated submarket of South Los Angeles, where demand for rental units remains exceptionally high. Prospective buyers are advised to confirm all building records and data to ensure accuracy. Strategically located just north of Manchester Avenue and east of South Vermont Avenue, the property enjoys seamless connectivity to the 10 and 110 Freeways, facilitating convenient access to all corners of Greater Los Angeles. Tenants are also within a short distance to multiple bus stops along Figueroa St. and Manchester Blvd.
Features
: No
: Wall Furnace
: No
: No
: No
: 18
: Garage, Gated, Assigned, Community Structure, Covered, Tandem
Address Map
U.S.
California
Los Angeles
Los Angeles
90003
8307 S Figueroa Street
0
W119° 43' 0.8''
N33° 57' 46.4''
MLS Addon
$0
7,584 Sqft
: No
: No
6.25
0
Exit W Manchester Avenue on the 110 freeway and head west, then turn right onto S Figueroa Street. The subject property is situated in between W 83rd Street and W 84th Street.
: No
3

Residential Income For Sale Los Angeles

8307 S Figueroa Street, Los Angeles, Los Angeles, California, 90003

18 Bedrooms
7,584 Sqft
Visits : 2 in 6 days
$2,250,000
Listing ID #24440387
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 24440387
Price : $2,250,000
Bedrooms : 18
Square Footage : 7,584 Sqft
Year Built : 1991
Lot Area : 7,499 Acre
Status : Active
Agent info
Damian M. Ramirez
Damian M. Ramirez
  • 01974515
  • 1213238
  • PWDAMRA
Broker
Broker
A level-headed and composed professional.  Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
Contact Agent
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