5606 S Figueroa St, Los Angeles, CA 90037
16-unit apartment building with rental upside in South Los Angeles.
- Added:
- Feb 4, 2026
- Days on Market:
- 150
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 5606 S Figueroa St
General Information
- Standard status
- Active
- Size
- 9,090 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1927
Listing office Keller Williams South Bay
Listing date Feb 4, 2026
Source Crexi
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 Keller Williams South Bay
HighLights
- 16‑unit apartment building in Los Angeles.
- Separately metered for gas and electricity.
- Approximately 30% rental upside potential.
- Attractive mix of 13 studio and 3 one‑bedroom units.
- Recent capital improvements including exterior paint and interior common areas.
- Located in the South Los Angeles neighborhood.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $247.2k | $27.19 |
| − Vacancy | −$1.7k | −$0.19 |
| EGI | $245.4k | $27.00 |
| − OpEx | −$110.4k | −$12.15 |
| NOI | $135.0k | $14.85 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.28247
- Latitude
- 33.99124
