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10950 S FIGUEROA ST LOS ANGELES, CA 90061
- Townhouse or Condo / Resale (MLS)
Property Details for 10950 S FIGUEROA ST, LOS ANGELES, CA 90061
Features
- Price/sqft: $353
- Lot Size: 5427 sq. ft.
- Total Units: 2
- Total Rooms: 14
- Room List: Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Family Room, Kitchen, Laundry, Living Room
- Heating: Forced Air Heating
- Construction Type: Wood
Facts
- Year Built: 01/01/2009
- Property ID: 855318886
- MLS Number: SB24029476
- Parcel Number: 6075-032-012
- Property Type: Townhouse or Condo
- County: LOS ANGELES
- Legal Description: TRACT # 4741 THAT PART IN ANNEX 1906 SHOESTRING OF LOT/SEC 393
- Zoning: LARD1.5
- Listing Status: Active
Pre-Foreclosure Info
- Recording Date: 12/19/2006
- Recording Year: 2006
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. This 4 unit multi-family building built in 2009 already earning great income that starts with 6% cap rate. The money goes into your bank account at $14,400 per month / annual income at: $172,800 Gross /$141,275 Net (after annual taxes, insurance and every expense the seller pays that is actual Net). The rental income, you do not have to chase the tenants for all the money. The government, via section 8, will send the majority monthly rents on time every month to the bank account of your choice. This means no chasing money or tenants. The Actual Cap rate is 6% Net, after taxes and all expenses the seller pays. Increase the rents $1900 per month to improve the cap Rate to a 7.25%. Additionaly, There is room to add 2 ADU's of which, each unit will rent for going rents of $2,000 per month. This will increase the annual Gross income to $220,000/Net $189,000 after expenses to improve your Cap Rate to 9.40%. With a little work, earn a Cap Rate of 9.40% net annual income of $189,000. The tenants pay for water, gas, electrical and trash. Each unit has separate Water, Electric & Gas Meters. The property consist of 2 separate buildings, side by side, in one gated complex in excellent condition, built in 2009. Each of the 4 units feature 4 bedrooms, 2 bathrooms that include a bath tube and a shower. Tenants will enjoy a laundry room with washer and dryer hook-ups inside each unit. This 4 unit property that comprises of 2 duplexes on one lot, 2 separate parcels, each in excellent condition overall inside all the units and very attractive exterior of the buildings outside with a surrounding security gate and a grassed area for recreation. The tenants will enjoy large kitchens with all the kitchen emenites, such as granite countertops, dishwashers, garbage, disposal, tile floor and lots of wood cabinets, double pan windows throughout each unit. The bedrooms are larger than normal rentals, with newer carpets and with large closets, this helps the tenants enjoy a superb at home family lifestyle. Tenants love that units are close to LAX USC , LA Downtown, 110 & 105 FWY and public transit. ASSUME LOW INTEREST FINANCING CALL FOR DETAILS
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Property Brokerage:
Shorewood Realtors
916 Manhattan Ave
Manhattan Beach
CA
90266
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.
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