9230 S Figueroa, Los Angeles, CA 90003

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
9230 S Figueroa,Los Angeles, CA 90003
$999,000
  • 8 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: trey beltran
Office: equity union
MLS#:SR26137338
Source:San Diego MLS via CRMLS

Price summary

  • Price:$999,000

About this home

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...

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Home facts

  • Listing ID #:SR26137338
  • Added:49 day(s) ago
  • Updated:August 13, 2026 at 02:12 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:5

Structure and exterior

  • Levels:2 Story

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$999,000
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