Listing provided courtesy of Vania Rincon of Keller Williams Beverly Hills. Last updated 2024-11-26 09:11:19.000000. Listing information © 2024 CRMLS.
Asking Price: $1,475,000
5876 Figueroa, Los Angeles CA 90003
Community: C42 - Downtown L.A.
Status: Active
This property was built in 1934 and is priced at $1,475,000. Please see the additional details below.
Attention Investors!Seize this rare chance to own a remarkable 9-unit property that promises low maintenance and minimal expenses only trash and water! This asset is not just a property; it's a gateway to significant returns.Key Highlights:*High Upside Potential: With current rents below market value, there's ample room for increases that can enhance your cash flow.*Future Development Possibilities: Explore the exciting potential for expansion! Reports indicate the possibility of developing up to 34 low-income units, maximizing your investment's value.*Strategic Location: This property is being sold with the adjacent lot on 5886 S. Figueroa Street (APN 6004-036-016) asking price $350,000, currently utilized as parking, opening doors for future enhancements.Don't let this unique opportunity pass you by! Invest in your future and capitalize on the growth potential of this property today. For more details and to schedule a viewing, contact us now!