5606 S Figueroa Street, Los Angeles, CA 90037

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
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:153 day(s) ago
  • Updated:November 13, 2026 at 12:59 PM

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
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