8823 S Figueroa St, Los Angeles, CA 90003

3 beds3 baths5,424 sqft

Pending
$870,000
Zestimate®: $743,149
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My Notes

Edit
Offering a four-unit townhome apartment building, located in the South Los Angeles submarket of Los Angeles, and in very close proximity to employment, restaurants, shopping centers, freeway access, and transit lines. Built in 2003, the property is not subject to the City of Los Angeles Rent Stabilization Ordinance. All units are individually metered for utilities, and only minimal native landscaping keeps the owner''s expenses very low. Situated on a 6,216 Square-Foot Signalized Hard Corner Parcel, zoned LA-C2, the property features four spacious three-bedroom townhomes of approximately 1,356 square feet each. Each unit has a two car garage as well as two tuck-under parking spaces in front of each garage, and in-unit washer/dryer hookups.The savvy investor will appreciate the strong current cash-flow from a relatively new construction property, which will be able to keep pace with the anticipated rising rents in LA. Additional opportunities exist through possible conversion to cond  More Less 

Facts

  • Lot: 6,216 sqft
  • Multi Family
  • Built in 2003
  • 40 days on Zillow
  • Views: 6,730 all time views
  • Cooling: Central
  • Heating: Forced air
  • Last sold: Mar 2013 for $750,000
  • Last sale price/sqft: $138
  • MLS #: 15897793

Features

  • Parking: Carport, Garage - Attached, 12 spaces

      Additional Features

      • Listing Agreement \ Exclusive Right To Sell\Lease, Listing Status \ Active, Property Type \ Residential Income, System Locale \ CARETS, Unit Furnished01 \ Unfurnished, Land Lease Type \ Fee, Lot Size Source \ Vendor Enhanced (N), Square Footage Source \ Vendor Enhanced (N), Legal Disclosures \ No Property Assessments (N), Heating Type \ Central Furnace, Unit Furnished02 \ Partially, Unit Furnished03 \ Partially, Unit Furnished04 \ Partially, Unit Furnished05 \ Partially, Unit Furnished06 \ Partially, Unit Furnished07 \ Partially, Unit Furnished08 \ Partially, Unit Furnished09 \ Partially, Unit Furnished10 \ Partially, Unit Furnished11 \ Partially, Unit Furnished12 \ Partially, Parking Type \ Garage - Two Door (N), Unit Furnished13 \ Partially, CARETS Listing Status \ Back Up Offer, Bedroom Features \ All Bedrooms Up, Direction Faces \ Faces North, SpecialConditions \ Standard Sale, Country \ UNITED STATES OF AMERICA

      Appliances Included

      • Dryer
      • Washer

      Construction

      • Stories: 3
      • Unit count: 4

      Other

      • Floor size: 5,424 sqft
      • Last remodel year: 2003
      • Laundry: In Unit
      • Parcel #: 6038006025
      • Zillow Home ID: 65243169

      Zestimate Details

      Zestimate
      A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

      The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

      Don't agree with your home's Zestimate? Owners can edit their home facts to make the Zestimate more accurate. Plus, you can leave an opinion on your Zestimate value below. Just click "Owner Estimate".
      $743,149
      +$0 Last 30 days
      $617K
      $832K
      Zestimate range
      Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

      The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
      $2,277/mo
      +$43 Last 30 days
      $1.7K
      $3.2K
      Zestimate range

      Comparable Homes

      Homes like this sold for $520K-1.0M.

      $450K
      $1.07M

      Popularity on Zillow

      Trending! This home is one of the top 10% most visited in the neighborhood this week.
      173 views since listing
      6,730 all-time (chart)

      Mortgages

      Neighborhood

      Market guide

      Zillow predicts South Los Angeles home values will rise 7.1% next year, compared to a 7% increase for Los Angeles as a whole. Among South Los Angeles homes, this home is 190.8% more expensive than the midpoint (median) home, but is priced 32.5% less per square foot.

      Foreclosures will be a factor impacting home values in the next several years. In South Los Angeles, the number of foreclosures waiting to be sold is 88.6% higher than in Los Angeles, and 25.7% higher than the national average. This higher local number may prevent South Los Angeles home values from rising as quickly as other regions in Los Angeles.

      Learn more about forecast calculations or South Los Angeles home values.
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        Nearby Schools in Los Angeles

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        Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

        Data by GreatSchools.org