Figueroa Court
11213 S. Figueroa Street
Los Angeles, CA 90061

Figueroa Court, a 4-Unit Apartment Building in Los Angeles, California

All units are detached and are like separate homes.

PRICED TO SELL AT  $440,000!

8% Cap Rate

Click here for Offering Memorandum , which includes Photos and Map.

 

We are pleased to offer for sale a four-unit rental property located in Los Angeles just west of the 110 Harbor Freeway
and just north of the 105 Freeway. The property consists of two 4 Bedroom-2 Bath units (not subject to rent cap)
and two 1 Bedroom-1 Bath units (subject to rent cap). The owner was successful in exempting the two 4BR
units from rent rate restrictions with the City of Los Angeles. A new owner is free to raise rents on the two 4BR units
as desired. The property is deemed to be partially subject to the Rent Stabilization Ordinance, as a result.

The units are around a courtyard. None of the units have common walls. There are six secure parking spaces in the rear.
Each unit has laundry hook-ups and each unit is separately metered for electric and gas. Owner has successfully
transferred all utility costs to tenants, so there are no landlord utilities. The entire property is fenced and gated.
There are 16 remote security cameras around the property which can be accessed from any remote location by computer,
iPad or iPhone so an owner can always have visual contact with the property.

The property is located just north of Imperial Highway, near the interesection of the 110 and 105 Freeways.
For an owner who wants to occupy one of the units there is the possibility of an FHA loan which would allow 96.5%
financing of the purchase. The property is qualified for FHA financing.

 

  • Please contact us if you have further questions about any of our offerings.

 

 
ADDRESS: Aminoff & Co., 439 North Cañon Drive, Penthouse, Beverly Hills, CA 90210
 TEL:
310.432.5716 - FAX: 310.388.1526 - EMAIL

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