5001 S FIGUEROA Street, Los Angeles, CA 90037
Property · 2 recorded sales since 2015
Sold December 2019
Listing Agent: Vinnie Park (DRE #02015848) · Listing Office: Coldwell Banker Residential Br · Contact: 323-464-9272 · Bought with: Subscriber Non · Non-Participant Office · MLS #19491490 · Source: CRMLS
About this property
9% POTENTIAL CAP RATE!! 4 PLEX PROPERTY CAN BE DELIVERED VACANT!! C2 ZONED TOC TIER 1 7,847 SF LOT Perched on the CORNER of Figueroa and W 50th, this beautifully renovated fourplex consisting of approximately 4,348 SF on a massive single 7,847 lot is located in the South Figueroa Corridor neighborhood of L.A. just south of the incredibly popular USC proper. This vibrant neighborhood and its multitude of chic and trendy restaurants, shops, green spaces, etc. is a renter's paradise. It boasts a Walkscore of 79: Very Walkable. Front house is renovated top to bottom with hardwood floor, granite tops, brand new kitchen cabinets and copper plumbing featuring tank-less water heater and new electrical wiring. Two-story building in the rear side of the lot has 2 x 3 bedroom units which are also fully upgraded. Development potential is prime. The property is zoned C2-1VL-CPIO, allowing for 20 units, by right.
Listing description from the December 2019 sale, as reported to CRMLS.
Sale history
