10507 S Figueroa Street, Los Angeles, CA 90003

About this property

Introducing, for the first time on market in over 20 years, the opportunity to purchase 10507 and 10511 S Figueroa Street. This investment opportunity consists of 16 one bedroom + one bath units and is priced to sell at only $139,000/unit and a 9.75 GRM at current numbers. Tenants enjoy onsite parking and a close proximity to the 110 and 105 freeways. The economics of the offering show immediate returns at the current income level. However, with market rents continuing in an upward trend, an aggressive management approach may realize a significant upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historically low vacancy rates and consistent rent growth over the same period. Section 8 vouchers are currently $2,172 for 1-bedroom units.

Listing description from the July 2025 sale, as reported to CRMLS.

Sale history

$2,050,000

Sold July 2025 · listed $2,225,000, on market January 2025 · MLS #25484617 · Source: CRMLS

Listing Agent: Enrique Viramontes · Listing Office: Remax Commercial and Investment Realty · Contact: 213-817-1000 · Bought with: Enrique Viramontes · Remax Commercial and Investment Realty

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