10918 S Figueroa St, Los Angeles, CA 90061
For Sale
$1,800,000
Value-add opportunity: 11-unit motel on two contiguous parcels.
Property Size4,254 SF
Lot Size0.24 Acres
Price / SF$423.13
Days on Market282
Property Features for 10918 S Figueroa St
General Information
Standard status
Property type
Size
Lot size
Building Details
Year Built
Listed By:
yurii.kononov_555_17
(234) 567-8900
Added: Jan 31
Changed: Jun 23
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,144
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,722,880
$1.7M
Cap Rate 7%
$1,230,629
$1.2M
Cap Rate 9%
$957,156
$957.2K
Market Conditions
NOI Build-Up for 4,254 SF
Gross rent
$153.1K $36.00/SF
− Vacancy
−$15.3K −$3.60/SF
EGI
$137.8K $32.40/SF
− OpEx
−$51.7K −$12.15/SF
NOI
$86.1K $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%
$1,722,880
Cap Rate 7%
$1,230,629
Cap Rate 9%
$957,156
Alternative Uses
Best Use
Apartment 5plus
$75.21M
$65.81M – $87.74M
NOI $5,264,555 @ 7.0% cap · market cap 292.48%
Second Best
Mixed Use
$1.23M
$1.08M – $1.44M
NOI $86,144 @ 7.0% cap · market cap 4.79%
Theoretical Best
Multifamily LT 5
$86.18M
$75.41M – $100.55M
NOI $6,032,844 @ 7.0% cap · market cap 335.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Similar Off Market Nearby
- Vegas Motel — 11733 S Vermont Ave, Los Angeles, CA 90044
- Magic Carpet Motor Inn — 11509 S Vermont Ave, Los Angeles, CA 90044
- Signal Motel Movies Air Cond — 11316 S Figueroa St, Los Angeles, CA 90061
- Ira — 528 W 112th St, Los Angeles, CA 90044
- Casa Gil — 149 E W 112th St, Los Angeles, CA 90061
Frequently Asked Questions
What type of property is this?
Motel - Value-add opportunity: 11-unit motel on two contiguous parcels.
Where is this motel located?
The property is located at 10918 S Figueroa St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,800,000.
