Five-Unit Mixed-Use
For Sale
$750,000
10908 S Figueroa St, Los Angeles, CA 90061
Three buildings combine residential units with a commercial space and rear alley-access parking.
Property Size2,815 SF
Price / SF$266.43
Days on Market273
Property Features for 10908 S Figueroa St
General Information
Standard status
Active
Size
2,815 SF
Property subtype
Residential Income
Listing Agency:
Kidder Mathews of California, Inc.
Listed By:
Casey Lins · License #01902650
(714) 333-6768
Source:
Exprealty
Added: Jan 14
Changed: Oct 11
Last Checked: Oct 12 at 9:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews of California, Inc.
Investment Insights
Based on property information with market context.
This Los Angeles mixed-use property includes three buildings constructed in 1926 and a five-unit configuration comprising one two-bedroom unit, two one-bedroom units, one studio, and one commercial unit. Four of the five units have been renovated, and five uncovered parking spaces are positioned at the rear with alley access.
The property is located near the 110 and 105 freeways and several nearby community establishments, including Balbuena's Mexican, Superior Grocers, Taco Vaquero, Playa Dorada, and Surprise Market. Current rents reflect a 6.93% CAP and a 7.71 GRM, while pro forma rents indicate a 9.58% CAP and a 6.32 GRM. The property is subject to LA City rent control.
The property is located near the 110 and 105 freeways and several nearby community establishments, including Balbuena's Mexican, Superior Grocers, Taco Vaquero, Playa Dorada, and Surprise Market. Current rents reflect a 6.93% CAP and a 7.71 GRM, while pro forma rents indicate a 9.58% CAP and a 6.32 GRM. The property is subject to LA City rent control.
Key Highlights
- Five‑unit mix includes 1 two‑bedroom, 2 one‑bedroom units, 1 studio, and 1 commercial unit
- Three separate buildings constructed in 1926
- Four out of five units have been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,004
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,080
$1.1M
Cap Rate 7%
$814,343
$814.3K
Cap Rate 9%
$633,378
$633.4K
Market Conditions
NOI Build-Up for 2,815 SF
Gross rent
$101.3K $36.00/SF
− Vacancy
−$10.1K −$3.60/SF
EGI
$91.2K $32.40/SF
− OpEx
−$34.2K −$12.15/SF
NOI
$57.0K $20.25/SF
Area
Los Angeles, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,080
Cap Rate 7%
$814,343
Cap Rate 9%
$633,378
Alternative Uses
Best Use
Apartment 5plus
$49.77M
$43.55M – $58.06M
NOI $3,483,715 @ 7.0% cap · market cap 464.50%
Second Best
Mixed Use
$814.3K
$712.6K – $950.1K
NOI $57,004 @ 7.0% cap · market cap 7.60%
Theoretical Best
Multifamily LT 5
$57.03M
$49.90M – $66.54M
NOI $3,992,115 @ 7.0% cap · market cap 532.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
Explore this area
Business Placement
Demographics for 90061, CA
29,570
Population
8,300
Households
3.6
Avg Household Size
32
Median Age
12%
College-Educated
61%
High-School Grad
2.7 sq mi
ZIP Area
10,952
Density / Sq Mi
$60,114
Median Household Income
$34,963
Median Earnings
$1,498
Median Rent
$576,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three buildings combine residential units with a commercial space and rear alley-access parking.
Where is this mixed-use property located?
The property is located at 10908 S Figueroa St Los Angeles, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Five‑unit mix includes 1 two‑bedroom, 2 one‑bedroom units, 1 studio, and 1 commercial unit; Three separate buildings constructed in 1926; Four out of five units have been renovated
