Four-Unit Multifamily
For Sale
$999,000
9230 S Figueroa, Los Angeles, CA 90003
An additional one-bedroom, one-bathroom unit is under construction and in the final inspection phase.
Property Size3,792 SF
Lot Size0.13 Acres
Price / SF$263.45
Days on Market126
Property Features for 9230 S Figueroa
General Information
Standard status
Active
Size
3,792 SF
Lot size
0.13 Acres
Property subtype
Quadruplex
Zoning
LARD2
Financials
Asking Price
$999,000
Gross Income
$84,012
Site & Location
Neighborhood
South Los Angeles
Highway Access
Yes
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Building Details
Building Size
3,792 SF
Year Built
1957
Listing Agency:
Equity Union
(310) 975-4844
Listed By:
Trey Beltran · License #02112359
(818) 380-5100
Source:
Laroccarealestate
Added: Jun 24
Changed: Oct 26
Last Checked: Oct 26 at 2:10PM
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 Equity Union
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Investment Insights
Based on property information with market context.
Built in 1957, this four-unit multifamily property contains 3,792 square feet on a 5,548-square-foot lot. A one-bedroom, one-bathroom additional unit is under construction and has reached the final inspection phase. The property is designated LARD2, and two existing units are subject to RSO status, as noted in the property information.
The property is minutes from the 110 and 105 Freeways, USC, Exposition Park, and the SoFi/ Inglewood growth corridor.
The property is minutes from the 110 and 105 Freeways, USC, Exposition Park, and the SoFi/ Inglewood growth corridor.
Key Highlights
- Four existing residential units
- 3,792 SF building on a 5,548 SF lot
- One‑bedroom, one‑bathroom additional unit under construction, in the final inspection phase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,843
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,716,860
$1.7M
Cap Rate 7%
$1,226,329
$1.2M
Cap Rate 9%
$953,811
$953.8K
Market Conditions
NOI Build-Up for 3,792 SF
Gross rent
$125.1K $33.00/SF
− Vacancy
−$2.5K −$0.66/SF
EGI
$122.6K $32.34/SF
− OpEx
−$36.8K −$9.70/SF
NOI
$85.8K $22.64/SF
Area
ZIP 90003
Vacancy
2.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,716,860
Cap Rate 7%
$1,226,329
Cap Rate 9%
$953,811
Alternative Uses
Best Use
Apartment 5plus
$67.04M
$58.66M – $78.21M
NOI $4,692,805 @ 7.0% cap · market cap 469.75%
Second Best
Multifamily LT 5
$1.23M
$1.07M – $1.43M
NOI $85,843 @ 7.0% cap · market cap 8.59%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,421
Businesses Nearby
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - An additional one-bedroom, one-bathroom unit is under construction and in the final inspection phase.
Where is this quadplex located?
The property is located at 9230 S Figueroa Los Angeles, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Four existing residential units; 3,792 SF building on a 5,548 SF lot; One‑bedroom, one‑bathroom additional unit under construction, in the final inspection phase
