Quadplex with ADU to Become
For Sale
$999,000
9230 S Figueroa, Los Angeles, CA 90003
MULTI_FAMILY - Los Angeles, CA
Property SizeContact for details
Lot Size0.13 Acres
Days on Market48
Property Features for 9230 S Figueroa
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 8, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 1, Bedroom 2, Bedroom 7, Bathroom 5, Bathroom 2, Bedroom 4
Parking
12
Lot features
0-1 Unit/ Acre
Directions
From 110 Exit 92nd St. Head West on 92nd St Turn Left on South Figueroa St. Property is on Right between W 92nd St and W Colden Ave.
Subdivision
C36 - Metropolitan Southwest
Standard status
Active
APN
6039004006
Lot size
0.13 Acres
Utilities
Water source
Public
Building Details
Year built
1957
Floors in Building
2
Number of units
4
Listing Agency:
Equity Union · Keller Williams Realty
(818) 989-2000
Listed By:
Trey Beltran · License #02112359
(310) 975-4844
Added: Jun 24
Changed: Aug 4
Last Checked: Aug 10 at 12:06PM
MLS# SR26137338
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
9230 S Figueroa is a 1957-built fourplex on a 5,548 SF LARD2 lot. The property includes an ADU (1BD/1BA) that is under construction and in its final inspection phase, on track to convert the asset to a legal 5-plex upon certificate of occupancy.
The current four units are positioned for near-term operational change with voluntary turnovers scheduled for Unit 4 and Unit 2 in July and October. Long-term stability is described as anchored by two below-market, long-tenured RSO units, including one Section 8 placement. A utility bill-back program (RUBS) is included as an added-value lever, along with predictable RSO/CPI rent growth and vacancy decontrol on future move-outs.
The property is described as having a current 4-unit gross of 84,012/yr and a clear, documented path to a stabilized ~8% pro-forma cap. Water source is public. Minutes to the 110 and 105 freeways and USC/Exposition Park, with access to the SoFi/Inglewood growth corridor. Drive-by only; do not disturb tenants.
The current four units are positioned for near-term operational change with voluntary turnovers scheduled for Unit 4 and Unit 2 in July and October. Long-term stability is described as anchored by two below-market, long-tenured RSO units, including one Section 8 placement. A utility bill-back program (RUBS) is included as an added-value lever, along with predictable RSO/CPI rent growth and vacancy decontrol on future move-outs.
The property is described as having a current 4-unit gross of 84,012/yr and a clear, documented path to a stabilized ~8% pro-forma cap. Water source is public. Minutes to the 110 and 105 freeways and USC/Exposition Park, with access to the SoFi/Inglewood growth corridor. Drive-by only; do not disturb tenants.
Key Highlights
- ADU (1BD/1BA) is under construction and in final inspection phase to legalize a 5‑plex
- 1957‑built quadplex on a 5,548 SF LARD2 lot
- Two RSO units, including one Section 8 placement, are described as long‑tenured
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,747
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
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 - Fourplex built in 1957 on a small LARD2 lot; ADU in final inspection to legalize a 5-plex.
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: ADU (1BD/1BA) is under construction and in final inspection phase to legalize a 5‑plex; 1957‑built quadplex on a 5,548 SF LARD2 lot; Two RSO units, including one Section 8 placement, are described as long‑tenured
