Property Detail

Description

6 GRM! $116,250/Unit! We are pleased to present 10108 S. Figueroa St, a 12 unit apartment building in South Los Angeles with immediate access to the 110 Freeway. Built in 1953, the property features a uniform unit mix of (12) 1 bed / 1 bath units spread out over 5,523 square feet, on a 15,121 square foot LAC2 zoned lot made up of two parcels. The building has been well maintained, with renovated units and ample on-site parking, an amenity that remains in high demand throughout the submarket. 10108 Figueroa produces excellent in place cash flow at a strong cost basis, and two units will be delivered vacant, so a future investor can lease them at market rents on day one. South Los Angeles has become one of the region’s most active rental markets, driven by its central location and the major investment reshaping the surrounding area. The property sits a short drive east of Inglewood, where SoFi Stadium, the Intuit Dome, and the Hollywood Park development have turned the area into a world class sports and entertainment destination ahead of the 2028 Olympic Games. Tenants have easy access to Downtown LA via the 110 Freeway, with the Harbor Freeway Metro station serving the C Line toward LAX and the J Line toward Downtown just to the south. Strong cash flow, a durable unit mix, and a well connected location make this a compelling opportunity to own a stable income producing asset in one of LA’s most dynamic growth corridors.