12021 S Figueroa, Los Angeles, CA 90061
List Price: $1.59M
Listing Status: Active
Original List Price: $1.39M
0Days on Market: 68
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1954
Lot Size: 12,283 sq ft
Garage Spaces: 7
Private Pool: Yes
MLS Number: CV26040584
About This Property
DEVELOPERS OPPORTUNITY - Exceptional investment opportunity in the heart of Los Angeles! This well-positioned 8-unit apartment complex at 12021 S Figueroa Street, Los Angeles, CA 90061 offers a prime location with outstanding accessibility and strong income potential. Zoning LAR3 for developers with possible increased density programs. Currently the property features a desirable unit mix of two spacious 2-bedroom, 1-bath units and six 1-bedroom, 1-bath units, appealing to a broad tenant base. The efficient layout and low-maintenance design make this an ideal asset for both seasoned investors and those looking to expand their portfolio. Situated just off bustling Figueroa Street, the property provides immediate access to public transportation, including nearby Metro lines, and is conveniently located near the 110 and 105 freeways offering seamless connectivity throughout Los Angeles. Tenants enjoy easy commuting options and proximity to major employment hubs, retail, dining, and neighborhood amenities. With stable rental demand in this high-access corridor and significant upside potential in future rents and overall income growth, this asset presents a compelling value-add opportunity. Whether you’re seeking steady cash flow, long-term appreciation, or both, this centrally located, income-producing property checks all the boxes. Don’t miss the chance to acquire a strategically located multi-unit property in one of Los Angeles’ high-demand rental corridors. 2 UNITS DELIVERED VACANT AT CLOSING.
Listing provided by: Bruce Jung DRE #01280563 909-731-5445 BruceJ91709@gmail.com,