5876 Figueroa St Los Angeles, CA 90003-1000
Property profile & analytics
5876 Figueroa St Los Angeles, CA 90003-1000
- Investment properties
- 4,639 SF
- 0.11 lot acres
Property ID
US09-7224056
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Investment properties
Property Details for 5876 Figueroa St
- Year built
- 1934
- Construction
- WOOD
- Lot size
- 0.11 lot acres
- Property size
- 4,639 SF
- Zone code
- LAC2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 6004-036-015
- APU
- 6004036015
Description
This exceptional investment opportunity presents a 9-unit apartment building located at 5876 S Figueroa St, Los Angeles, CA 90003. The property, built in 1934, consists of three buildings across two stories, totaling 4,639 square feet on a 4,801 square foot lot. Currently boasting a 6.50% cap rate and a $96,400 NOI, the property offers significant potential for increased profitability. The pro-forma cap rate is projected at 11.20% with a pro-forma NOI of $169,692, indicating substantial room for rent increases. Each of the nine units includes a parking space. The property is zoned LAC2 and is being sold as a 1031 exchange opportunity. The asking price is $1,475,000, translating to $317.96 per square foot. Reports suggest the possibility of developing up to 34 additional low-income units on the site, further enhancing its long-term value. An adjacent lot at 5886 S. Figueroa Street (APN 6004-036-016) is available for purchase for $350,000 and is currently used for parking, presenting additional development opportunities. The property's current low operating expenses, limited to trash and water, contribute to its strong financial performance. This is a rare chance to acquire a well-located multifamily property with immediate value and substantial future development potential in a prime Los Angeles location. The property's APN is 6004-036-015.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.282
- Latitude
- 33.9875
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$3,487
$60,246
$148,196
$208,442
-
$0.00
$0.00
$0.00
