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For Sale

8307 S Figueroa St

8307 S Figueroa St, Los Angeles, CA 90003

$2,150,000
8307 S. Figueroa Street-a rare, non-RSO 9-unit multifamily offering located in the high-demand Vermont Knolls neighborhood of South Los Angeles. Constructed in 1991 and newly painted, this three-story building spans 7,584 square feet of rentable space and sits on a 7,499 square-foot lot zoned LAC2-1VL-CPIO with a Tier 2 TOC designation. The unit mix consists entirely of spacious two-bedroom units, including eight -2 bed/1-bath and one 2-bed/1.5-bath layout. The property is 100% occupied, with an average rent of $2,154 per unit and approximately 25% upside potential. Investors benefit from favorable rent control regulations allowing annual increases of 5% + CPI (currently 8.9%, capped at 10%). Each unit is separately metered for gas and electricity and includes its own water heater, minimizing landlord expenses, which are limited to water, common-area electricity, and trash. The building features secure gated access and 18 covered parking spaces-two per unit-which are exempt from seismic retrofit requirements. Strategically positioned near the 10 and 110 Freeways and within proximity to theCrenshaw/LAX rail lines, the property offers exceptional accessibility to Downtown LA, Culver City, Santa Monica, and the South Bay.

18
beds

10
baths

7,584 Sq.Ft. LIVING AREA

7,501 Sq.Ft. lot

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Schedule a Showing

I would love to show you my beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.

Schedule a Showing

I would love to show you my beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.

Thank you for your interest in 8307 S Figueroa St, Los Angeles, CA 90003. We are reviewing your request and will be in touch shortly!
John Swartz

John Swartz

Features & Amenities

Interior

  • total bedrooms18
  • Total bathrooms10
  • APPLIANCES Range/Oven, Refrigerator

Area & Lot

  • Status For Sale
  • Living Area7,584 Sq.Ft.
  • Lot Area7,501 Sq.Ft.
  • MLS® ID25542775
  • TypeMulti-Family
  • YEAR BUILT1991

Exterior

  • STORIES3
  • parkingCovered Parking
  • HEAT TYPECentral
  • AIR CONDITIONINGAir Conditioning

Financial

  • Sales Price$2,150,000
  • Zoning LAC2

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Work With True North CRE

We take the time to get to know our clients on a personal level, building lasting trusting relationships that are essential to a successful transaction. Having worked on the principal side of the business we understand both sides of the transaction and can overcome any hurdle that may come up during a deal.  Our goal is to provide an enjoyable experience that leads to a successful outcome for all involved.  We'd love to get to know you; open up a discussion and see what transpires.

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