Condominium buy in Athens California

Casa Figueroa is a multifamily asset totaling 9 units located at 12722 S Figueroa St. Los Angeles, CA 90061. This spacious 9-unit apartment building was built in 1939. The apartment building is 2 stories and offers 1 single unit, 2 one-bedroom units, 5 two-bedroom/one-bath units, and 1 three-bedroom/two-bath unit. The building construction is of wood frame with a pitched roof and painted stucco exterior. The total building square feet is ±9,336 on a large ±12,090 square foot lot zoned LAC2. This investment opportunity presents an ideal income property for an investor looking to acquire a value-add asset with significant rental upside potential. Common area amenities include a laundry room and plenty of on-site parking. Aesthetically, the property grounds and building are reasonably kept and maintained. The building has gated entry from both Figueroa St. as well as the rear alley. 12722 S Figueroa St is located in South Los Angeles, a highly urbanized community within Los Angeles County in a community among other apartment buildings and retail stores on the main thoroughfare. It is roughly 15 minutes driving due south of downtown LA. Nearby destinations include Athens Park which is approximately a half mile away for residents to enjoy some recreation time . The property itself is walking distance to many stores and restaurants. The property is also just minutes driving from the 105 and 110 freeways. Property Highlights + ±39% rental upside + Attractive cost per sf + Excellent unit mix + Spacious units + Attracting financing + Gated entry from street & alley + Value-add opportunity + Strong rental market + Central location + Excellent freeway access MLS® ID: SR22125808 Listed: 6/9/22 Updated: 10/4/22 Interior Features Total Bedrooms: 0 Total Bathrooms: 0 Laundry Description: Common Area Exterior/Building Features Lot Size: 0.28 acres lot Sewer: Public Sewer Other Property Details Area Name: 122 - Harbor Gateway HOA Amenities: Park, Street Lights, Sidewalks, Urban Garage: No Parking: One Space Parking Total: 13.0 View: N County: Los Angeles Water Source: Public Pool: No Pool Description: None Total Stories: 2 Property History Date Event Price Value 7/12/22 Pending - - 7/5/22 Price Change $1,800,000 -9% Listed by Raymond Rodriguez, Keller Williams Realty Calabasas, Based on information from California Regional Multiple Listing Service, Inc. as of 10/4/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.