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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$1,395,000
Est. payment /mo
5,523 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,523 sqft
Price per Sqft $252
MLS Listing ID SB-26231877
Year Built 1953
Lot Size 0.347 Acres
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property 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.
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.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Interior
Laundry None
Exterior
Garage Spaces 12.0
Pool None
Community Features Curbs, Sidewalks, Suburban, Urban
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900