Four-Unit
For Sale
$1,100,000
4260 S Figueroa St, Los Angeles, CA 90037
Four residential units feature hardwood floors, while a rear-lot driveway provides on-site parking.
Property Size4,516 SF
Lot Size0.17 Acres
Days on Market272
Property Features for 4260 S Figueroa St
General Information
Standard status
Active
Size
4,516 SF
Lot size
0.17 Acres
Property subtype
MULTI_FAMILY
Additional Details
Public Transit
Yes
Multifamily Units
4
Building Details
Building Size
4,516 SF
Year Built
1920
Listing Agency:
Coldwell Banker Realty
Listed By:
Bob Day · License #00851770
Source:
Milsteinestates
Added: Dec 1, 2025
Changed: Aug 29
Last Checked: Jul 25 at 2:02AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 1920, this quadplex contains four residential units, each measuring approximately 1,100 square feet. The interiors feature hardwood flooring and finished living spaces. Three units are occupied, while the fourth, located on the ground floor, is vacant and can be renovated or used by an owner-occupant.
The property occupies a 7,510-square-foot lot with a driveway extending to a rear lot for parking. Its Los Angeles location places the building near the University of Southern California, the Coliseum, BMO Stadium, Exposition Park, the Lucas Museum of Narrative Art, and the Expo Line Train Station. Downtown Los Angeles and additional cultural and transit destinations are also within easy reach.
The property occupies a 7,510-square-foot lot with a driveway extending to a rear lot for parking. Its Los Angeles location places the building near the University of Southern California, the Coliseum, BMO Stadium, Exposition Park, the Lucas Museum of Narrative Art, and the Expo Line Train Station. Downtown Los Angeles and additional cultural and transit destinations are also within easy reach.
Key Highlights
- Four‑unit residential property built in 1920
- Each unit measures approximately 1,100 Sq. Ft.
- 7,510 sq. ft. lot with driveway access to a rear lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,452
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,509,040
$1.5M
Cap Rate 7%
$1,077,886
$1.1M
Cap Rate 9%
$838,356
$838.4K
Market Conditions
NOI Build-Up for 4,516 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$110.6K $24.48/SF
− Vacancy
−$2.8K −$0.61/SF
EGI
$107.8K $23.87/SF
− OpEx
−$32.3K −$7.16/SF
NOI
$75.5K $16.71/SF
Area
ZIP 90037
Vacancy
2.50%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,509,040
Cap Rate 7%
$1,077,886
Cap Rate 9%
$838,356
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$943.2K – $1.26M
NOI $75,452 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$958.0K
$838.3K – $1.12M
NOI $67,062 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,867 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,809
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature hardwood floors, while a rear-lot driveway provides on-site parking.
Where is this quadplex located?
The property is located at 4260 S Figueroa St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four‑unit residential property built in 1920; Each unit measures approximately 1,100 Sq. Ft.; 7,510 sq. ft. lot with driveway access to a rear lot
