Los Angeles Multifamily Investment Opportunity

12111 S Figueroa St, Los Angeles, CA 90061

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For Sale

$1,950,000

MULTI_FAMILY - Los Angeles, CA

Property size:

9,766 SF

Lot size:

0.24 Acres

Price / SF:

$199/SF

HighLights

High upside potential with a pro forma 12% cap rate at market rents and $306,000 gross income.
12‑unit building consisting of 11: 2BD/1BA units and 1: 1BD/1BA unit.
Over $250,000 in recent improvements, including a newer roof, updated plumbing and sewer line, new landscaping and stucco, and several remodeled units.
Extra storage/previous rental unit with potential to convert to ADU.
Secured and ample parking with garage, driveway, and covered parking features.
Close proximity to the 110 and 105 Freeways.

We can help!

Contact an agent

James Allan

For Sale

$1,950,000

MULTI_FAMILY - Los Angeles, CA

Property size:

9,766 SF

Lot size:

0.24 Acres

Price / SF:

$199/SF

Added:: Mar 27, 2026
Days on Market:: 95
Last Refresh:: Jun 29 at 5:06 pm

Property Features for 12111 S Figueroa St

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: LAR3
Bedrooms: 23
Bathrooms: 12
Rooms: Bedroom 4, Bedroom 1, Bedroom 15, Bedroom 21, Bedroom 5, Bedroom 6, Bathroom 12, Bedroom 19, Bathroom 4, Bathroom 6, Bedroom 14, Bathroom 7, Bedroom 11, Bedroom 7, Bathroom 2, Bathroom 10, Bedroom 23, Bathroom 1, Bedroom 18, Bedroom 16, Bathroom 3, Bathroom 5, Bedroom 12, Bedroom 17, Bedroom 8, Bedroom 13, Bedroom 20, Bedroom 22, Bedroom 2, Bathroom 11, Bathroom 8, Bedroom 10, Bedroom 9, Bathroom 9, Bedroom 3
Parking features: Covered, Driveway, Garage
Standard status: Active
APN: 6117-005-009
Size: 9,766 SF
Lot size: 0.24 Acres

Building Details

Year built: 1960
Floors in Building: 2
Number of units: 12

We can help!

Contact an agent

James Allan

Listing agent James Allan License #01180635

Listing office Compass 2113-2115 Main St., Los Angeles, CA

Listing date Mar 27, 2026

MLS# 26668823 Listing URL

HighLights

High upside potential with a pro forma 12% cap rate at market rents and $306,000 gross income.
12‑unit building consisting of 11: 2BD/1BA units and 1: 1BD/1BA unit.
Over $250,000 in recent improvements, including a newer roof, updated plumbing and sewer line, new landscaping and stucco, and several remodeled units.
Extra storage/previous rental unit with potential to convert to ADU.
Secured and ample parking with garage, driveway, and covered parking features.
Close proximity to the 110 and 105 Freeways.

Overview

This 12-unit multifamily property is located in Los Angeles, California, offering convenient access to the 110 and 105 Freeways. The building features eleven 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. The property has been excellently maintained and presents significant upside potential. Recent improvements include a newer roof, updated plumbing and sewer line, new landscaping, and stucco. Several units have been completely remodeled. The property includes secured ample parking and extra storage space, with the potential to convert the storage unit into an Accessory Dwelling Unit (ADU). The building has 9766 square feet of building space on a 11,326-square-foot lot. The property is subject to Los Angeles rent control. The property is currently operated at a 5.1 cap rate, with a pro forma potential of a 12 cap rate at market rents. Over $250,000 has been invested in property improvements. The pro forma potential gross income is $306,000, with a 12.16 CAP and a GRM of 6.6. The zoning is LAR3.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

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Local Demand

City: Los Angeles
County: Los Angeles
State: California
Longitude: -118.283082
Latitude: 33.922187

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For sale
Apartment buildings
CA
Los Angeles
90061
12111 S Figueroa St

What type of property is this?

Apartment building - 12-unit apartment building near 110 and 105 Freeways.

Where is this apartment building located?

The property is located at 12111 S Figueroa St Los Angeles, CA.

What is the asking price?

The asking price for this property is $1,950,000.

What are key features of this property?

This property features: High upside potential with a pro forma 12% cap rate at market rents and $306,000 gross income.; 12‑unit building consisting of 11: 2BD/1BA units and 1: 1BD/1BA unit.; Over $250,000 in recent improvements, including a newer roof, updated plumbing and sewer line, new landscaping and stucco, and several remodeled units.

12111 S Figueroa St, Los Angeles, CA 90061

MULTI_FAMILY - Los Angeles, CA

Property Features for 12111 S Figueroa St

General Information

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Los Angeles Commercial Investment Opportunity

Los Angeles Retail Opportunity

Prime Automotive Land in Los Angeles

Los Angeles Industrial Owner-User Opportunity

Eagle Rock Commercial/Residential Opportunity

Corner Retail Property with Billboard

Corner Lot Multi-Structure Apartment Building

Medical Office Complex Corner Assemblage

Modern Triplex with Duplex and Rear Unit

Seven-Unit Multifamily Property

Fourplex with In-Unit Laundry

Gated Apartment Building with Solar

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