8307 S. Figueroa Street-a rare, non-RSO 9-unit multifamily offering located in the high-demand Vermont Knolls neighborhood of South Los Angeles. Constructed in 1991 and newly painted, this three-story building spans 7,584 square feet of rentable space and sits on a 7,499 square-foot lot zoned LAC2-1VL-CPIO with a Tier 2 TOC… Read More designation. The unit mix consists entirely of spacious two-bedroom units, including eight -2 bed/1-bath and one 2-bed/1.5-bath layout. The property is 100% occupied, with an average rent of $2,154 per unit and approximately 25% upside potential. Investors benefit from favorable rent control regulations allowing annual increases of 5% + CPI (currently 8.9%, capped at 10%). Each unit is separately metered for gas and electricity and includes its own water heater, minimizing landlord expenses, which are limited to water, common-area electricity, and trash. The building features secure gated access and 18 covered parking spaces-two per unit-which are exempt from seismic retrofit requirements. Strategically positioned near the 10 and 110 Freeways and within proximity to theCrenshaw/LAX rail lines, the property offers exceptional accessibility to Downtown LA, Culver City, Santa Monica, and the South Bay. Read Less
Courtesy of Compass 310-230-5478
Listing Snapshot
Days Online
82
Last Updated
Property Type
Other
Beds
18
Square Ft.
7,584
Lot Size
0.17 Acres
Year Built
1991
MLS Number
25542775
30 Days Snapshot Of 90003
$535k
0%
(avg) sold price
0
-100%
homes sold
58
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range/Oven, Refrigerator
Building
7,584 sq ft, Built in 1991, Levels: Three Or More
Cooling
Air Conditioning
Disclosures
None
Garage
Covered Parking
Heating
Central
Lot
LotAcreage: 0.1722, LotSizeArea: 7,501
Parking
TotalParking: 18
Property
NumberOfUnits: 9, Zoning: LAC2
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