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Jerrod Waller

jwaller@sdrealtyco.com +1(858) 822-8634

$999,000

Est. payment - /mo

8 Beds

5 Baths

5,550 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26137338

Bedrooms 8

Lot Size 5,550 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

PRICED UNDER $1M RARE SOUTH L.A. VALUE-ADD WITH NEAR-TERM UPSIDE. 9230 S Figueroa is a 1957-built fourplex on a 5,548 SF LARD2 lot, offered at $999,000 ($249,750/unit). A fifth unit (ADU, 1BD/1BA) is UNDER CONSTRUCTION and in its FINAL INSPECTION PHASE projected to add ~$1,900/mo upon certificate of occupancy, converting the asset to a legal 5-plex. Exceptional FRICTION-FREE upside: Units 4 ($2,100) and 2 ($1,800) are scheduled to vacate in July and October voluntary turnovers with NO relocation or buyout cost letting a buyer reset to market or owner-occupy. Long-term stability is anchored by two below-market, long-tenured RSO units (one reliable Section 8 placement). Added value-add levers: utility bill-back (RUBS) to recover owner-paid utilities, plus predictable RSO/CPI rent growth and vacancy decontrol on future move-outs. Current 4-unit gross $84,012/yr with a clear, documented path to a stabilized ~8% pro-forma cap. Minutes to the 110 & 105 Freeways, USC/Exposition Park, and the SoFi/Inglewood growth corridor. Full OM, rent roll & operating statement available. Buyer to verify units, ADU permits/C of O, rents, RSO status & square footage. Drive-by only DO NOT DISTURB TENANTS.

Location

State CA

County Los Angeles

Zoning Assessor

Direction From 110 Exit 92nd St. Head West on 92nd St Turn Left on South Figueroa St. Property is on Right between W 92nd St and W Colden

Interior

Fireplace No

Exterior

Utilities Available Sewer Connected

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 6039004006

Acceptable Financing Cash, Conventional, VA

Listing Terms Cash, Conventional, VA

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Listed by Trey Beltran, DRE#02112359 Equity Union

NEARBY SCHOOL & BUSINESS

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

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9230 S Figueroa Los Angeles, CA 90003