11213 S. Figueroa Street
Los Angeles, CA 90061
Figueroa Court, a 4-Unit Apartment Building in Los Angeles,
All units are detached and are
like separate homes.
PRICED TO SELL AT
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
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
Please contact us if you have further
questions about any of our offerings.