5606 S Figueroa St , Los Angeles, CA 90037
$1,695,000
Est. Payment: $8,837.40/mo
3 Bed
4 Bath
9090 Sqft
0.14 Acres
Status: active | Days on site: 118
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CLW-X82195 - CLW-C125370
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House Description

PRICE REDUCTION! 16-Unit Value-Add Investment Opportunity in South Los Angeles presenting a rare opportunity to acquire a 16-unit multifamily property in the heart of South Los Angeles, offering strong in-place cash flow and significant upside potential. The property is currently operating at a 7.9% CAP Rate and is offered at an attractive 7.22 GRM, providing investors with an excellent combination of current income and future value growth. Offered at a low $186 per square foot, this asset presents an attractive basis compared to many competing multifamily properties in the Los Angeles market. The property consists of large studio units, each offering approximately 500 square feet or more of living space, a highly desirable feature that continues to attract tenants seeking affordable yet spacious housing options.Several units have already been renovated and remodeled, demonstrating the property's ability to achieve higher market rents. These upgraded units provide a clear blueprint for future ownership to continue enhancing the remaining units and capturing additional rental upside. Through strategic renovations and improved management, investors have the opportunity to further increase income and maximize the property's overall value. Ideally located near some of Los Angeles' most notable destinations, the property offers residents convenient access to Downtown Los Angeles, BMO Stadium, USC, and Exposition Park. These major employment, educational, entertainment, and cultural hubs contribute to strong rental demand and long-term occupancy stability. The property also benefits from excellent transportation access, with major freeways and transportation corridors nearby, allowing residents to conveniently commute throughout Los Angeles County. This accessibility further enhances the property's appeal to working professionals, students, and long-term renters. Situated in a "Very Walkable" location with a Walk Score of 76, residents enjoy easy access to neighborhood-serving retail, restaurants, grocery stores, cafes, and a variety of commercial services. The convenience of nearby amenities creates a desirable living environment that supports tenant retention and rental growth. With strong current returns, proven rental upside, spacious unit layouts, and a highly desirable location, this 16-unit apartment community represents an outstanding value-add investment opportunity in one of Southern California's most dynamic rental markets. Whether for immediate cash flow or long-term appreciation, this property offers investors the opportunity to capitalize on the continued growth and demand throughout South Los Angeles

Highlights

Listed by Sean Namigohar , 4242957220 Lyon Stahl Investment Real Estate, Inc. , 310-425-9838. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.14

Year Built

1927

County

Los Angeles

Area

C42 - Downtown L.A.

Listing ID

26846351

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:4

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Zoning:LAC2
Others:
  • ▪ Additional:2+ Total Units
Principal Interest
$8,837
Taxes
$1,081

Home Price

$1,695,000

Loan Details

30 yrs
6.797%

Down Payment

20%
$339,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,837.40

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,837.40 $1,080.56 $0.00 $9,917.96
Yearly $106,048.75 $12,966.75 $0.00 $119,015.50
Total $3,181,462.55 $389,002.50 $0.00 $3,570,465.05

Today's Rates

30 Year

6.8%

20 Year

6.7%

15 Year

6.41%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-10T01:36:50.000Z

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