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5606 S Figueroa Street, Los Angeles, CA 90037

Los Angeles
Local realty services provided by:CENTURY 21 Allstars
5606 S Figueroa Street,Los Angeles, CA 90037
$1,695,000
  • 1 Beds
  • 16 Baths
  • 9,090 sq. ft.
  • Multi-family
  • Active
Listed by: sean namigohar
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26846351
Source:CRMLS

Price summary

  • Price:$1,695,000
  • Price per sq. ft.:$186.47

About this home

PRICE REDUCTION! 16-Unit Value-Add Investment Opportunity in South Los Angeles presenting a rare opportunity to acquire a 16-unit multifamily property in the heart of South Los Angeles, offering strong in-place cash flow and significant upside potential. The property is currently operating at a 7.9% CAP Rate and is offered at an attractive 7.22 GRM, providing investors with an excellent combination of current income and future value growth. Offered at a low $186 per square foot, this asset presents an attractive basis compared to many competing multifamily properties in the Los Angeles market. The property consists of large studio units, each offering approximately 500 square feet or more of living space, a highly desirable feature that continues to attract tenants seeking affordable yet spacious housing options.Several units have already been renovated and remodeled, demonstrating the property's ability to achieve higher market rents. These upgraded units provide a clear blueprint...

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Home facts

  • Year built:1927
  • Listing ID #:26846351
  • Added:135 day(s) ago
  • Updated:October 26, 2026 at 11:13 AM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:16
  • Living area:9,090 sq. ft.

Structure and exterior

  • Year built:1927
  • Building area:9,090 sq. ft.
  • Lot area:0.14 Acres

Finances and disclosures

  • Price:$1,695,000
  • Price per sq. ft.:$186.47
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Allstars is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Allstars, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Joseph Villaescusa

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