3 months on rocket

10507 S Figueroa St, Los Angeles, CA, 90003

$2,450,000

Home List Price

$10,000*

Closing Credit

16 Bedrooms
16 Baths
9,760 SqFt
$251/SqFt
House

Location

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10507 S Figueroa St, Los Angeles$2,450,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingAssigned
Year Built1956
HeatingWall Furnace
MLS #24431041
Lot Size0.24 Acres
StatusActive

About 10507 S Figueroa St

THIS PROPERTY IS AVAILABLE FOR PURCHASE INDEPENDENTLY OR AS PART OF A 4 PROPERTY, 118 UNIT PORTFOLIO. Introducing, for the first time on market in over 20 years, a unique opportunity to purchase this four multifamily property portfolio comprised of 118 units in the heart of Los Angeles. The collection includes four large properties that sit on a total of seven parcels and almost 100K sf of land. Each building ranges from 17 to 50 units and has plenty of onsite parking, independent meters for gas and electricity, and various recent upgrades. The economics of the offering show immediate returns at the current income level. However, with market rents continuing in an upward trend, an aggressive management approach may realize the 75% upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historical low vacancy rates and consistent rent growth over the same period. Section 8 vouchers are currently at $3,915 for 3-bedroom units, $3,052 for 2-bedroom units, $2,407 for 1-bedroom units, and $2,132 for studio units. The properties are strategically located near access to major freeways, employment, entertainment, and transportation options. SoFi Stadium (LA Rams), the new Intuit Dome (LA Clippers), BMO Stadium (Angel City FC), Los Angeles International Airport, are all within minutes of any of the subject properties.

Property Details

Property Features

Property Information:

  • Year Built: 1956
  • Stories: 2
  • Living Area: 9,760 SqFt

Listing Office:

  • Office Name: Remax Commercial and Investment Realty
  • Office Phone: (213) 817-1000
  • Listing Agent: Enrique Viramontes

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 16

Exterior Features

Parking Information:

  • Parking: Assigned

Lot Features

Lot Information:

  • Lot Size: 0.24 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

Other

Directions Information:

  • Directions: Located on S Figueroa St between W 105th St and W 106th St

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,450,000
  • Price Per SqFt: $251/SqFt

Tax Information:

  • Annual Amount: $4,813
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

10507 S Figueroa St vs Los Angeles

117 DAYS ON ROCKET

+79 Days

$2,450,000

+$1.4M More

$251/SqFt

-$389 Less

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $389/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24431041

Listing Office:

  • Office Name: Remax Commercial and Investment Realty
  • Office Phone: (213) 817-1000
  • Listing Agent: Enrique Viramontes

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 8:21:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 17, 2001Home Sold
$485,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,813$330,263
2020$4,690$326,878
2019$4,601$320,470
2018$4,474$314,187
2017$4,474$308,028

History based on county public records data.

Payment Calculator

$12.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,412

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4236723
3
/10

  • Figueroa Street Elementary School

  • 510 W 111th St

  • 0.42 miles

  • Public District Grades KG-5

school-card-donut-4236724
3
/10

  • Charles W. Barrett STEAM Academy

  • 419 W 98th St

  • 0.52 miles

  • Public District Grades KG-5

school-card-donut-4236725
3
/10

  • 107th Street Elementary & STEAM Magnet

  • 147 E 107th St

  • 0.59 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,619. The majority of Los Angeles, CA residents have income less than $35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 10507 S Figueroa St

What is the listing price of this property?

The listing price of 10507 S Figueroa St property is $2,450,000.

What type of property is this?

The property 10507 S Figueroa St is a house located in Los Angeles, California, 90003.

Is this property for sale now?

Active Listing: 10507 S Figueroa St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $4,813 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 17, 2001 for $485,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 10507 S Figueroa St has 16 bedrooms and 16 bathrooms.

What is the square footage of this property?

The property 10507 S Figueroa St is 9,760 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 10507 S Figueroa St is 1956.

Rocket Homes›California›Los Angeles County›Los Angeles›90003›10507 S Figueroa St

This home is located at 10507 S Figueroa St in Los Angeles, CA and zip code 90003 in the Vermont Vista neighborhood. This 9,760 square foot home, which was built in 1956, sits on a 0.24 acre lot. Features: 16 bedrooms, 16 bathrooms. It has been listed on Rocket Homes since August 22, 2024 and is currently priced at $2,450,000.

In November 2024, from all listings sold in Los Angeles, CA there were more than 512 sold above asking price, over 657 sold below and more than 177 were sold right at the asked price. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. Listings spent 38 days on the market in November 2024, and had a median list price of $1,021,532 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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