5 months on rocket

1053 Figueroa Ter, Los Angeles, CA, 90012

$1,999,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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1053 Figueroa Ter, Los Angeles$1,999,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAttached Carport, Assigned, Concrete, Covered, Carport, Detached Carport, Direct Access, Door-Single, Garage Faces Front, Garage, On Site, Paved, One Space
Garage2 spaces
Year Built1992
HeatingOther, Central, Wall Furnace
CoolingOther
FireplaceNone
ViewCity Lights, Neighborhood
MLS #WS24109540
Lot Size0.17 Acres
StatusActive

About 1053 Figueroa Ter

Presenting a rare opportunity to acquire this attractive 1992 custom-built and meticulously crafted,5 unit,city view apartment complex. Located adjacent to the iconic Chinatown, Echo Park & Silverlake areas of Los Angeles,& positioned strategically& conveniently near the #2,5,134,110,&101 freeways,& rapid transit including the Gold Line & bus routes. It is situated in a trendy & up-and-coming strong rental market amidst DTLA, Silverlake,Dodger Stadium,Echo Park & the Financial District neighborhoods with major employers including USC,Good Samaritan Hospital,Paramount Studios,& the Los Angeles Fashion and Arts Districts,& much more.This property offers an excellent opportunity for discerning homeowners or investors to secure a true value-added asset in a highly coveted locale.Comprising 3 stories with a total building size of 7,658 sq.ft. per assessor,all units are spacious & the apartment complex boasts a desirable unit mix including an OWNER unit of approx.2,641 sq.ft.(will be available upon close of escrow with new paint & carpet throughout) featuring a 3br,3.5bth townhome-style front unit with an office /den(could be used as a 4th bedroom),large recreation room, C/A, spacious laundry area, ample storage rooms,a 2-car attached garage. The outside laundry & storage rooms with best possibilities for ADU are utility ready with dry walls & windows.Buyer to Investigate feasibility, seller makes no guarantees and no warranties. The remaining 4 units are an ideal mix of two larger (over 1,100 sq. ft. ea) 3br,2bth U and two good-sized 2-br,1-bth U. Each unit boasts an excellent layout, individual water heaters, & separate metering for gas and electricity utilities, ensuring convenience & efficiency. Four units are occupied by tenants on month to month leases. Rent comparable reports indicate a positive upside & added investment potential. Property is not under city’s Rent Stabilization Ordinance (RSO), but subject to State Rent Control AB1482 & Just Cause Ordinance (JCO). Buyer to investigate, seller makes no guarantees & no warranties. Total 10 parking spaces,3 covered spaces, 5 open parking spaces & a 2 car garage. Great Owner user building. Residents benefit from an array of culinary delights, cultural experiences, & artistic exhibitions for investors,owner or professionals, further enriching the allure of this investment opportunity. Now is the time to seize this exceptional offering in one of Los Angeles’ most dynamic and sought-after neighborhoods.

Property Details

Property Features

Property Information:

  • Architectural Style: Custom
  • Year Built: 1992
  • Stories: 3

Listing Office:

  • Office Name: RE/MAX PREMIER/SANMARINO
  • Office Phone: (626) 807-6800
  • Listing Agent: YAN CHOW

Interior Features

Interior Information:

  • Appliances: Dishwasher, Range, Disposal, Water Heater
  • Flooring Type: Carpet, Laminate, Tile, Vinyl
  • Interior: Balcony, Storage, Jack and Jill Bath, Primary Suite, Walk-In Closet(s)
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights, Neighborhood
  • Exterior: Rain Gutters

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Attached Carport, Assigned, Concrete, Covered, Carport, Detached Carport, Direct Access, Door-Single, Garage Faces Front, Garage, On Site, Paved, One Space

Lot Features

Lot Information:

  • Lot: Rectangular Lot
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Other, Central, Wall Furnace
  • Cooling: Other

Other

Directions Information:

  • Directions: N/Sunset, E/White Knoll

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,999,000

Tax Information:

  • Annual Amount: $13,860
  • 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

1542

1053 Figueroa Ter vs Los Angeles

172 DAYS ON ROCKET

+134 Days

$1,999,000

+$975.5K More

KEY TAKEAWAY

This property is $975.5K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #WS24109540

Listing Office:

  • Office Name: RE/MAX PREMIER/SANMARINO
  • Office Phone: (626) 807-6800
  • Listing Agent: YAN CHOW

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: 11/22/2024, 8:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$13,860$1,075,938
2020$13,465$1,064,906
2019$13,297$1,044,027
2018$12,978$1,023,557
2017$12,978$1,003,488

History based on county public records data.

Payment Calculator

$10K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,060

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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-563152
7
/10

  • Castelar Elementary School

  • 840 Yale St

  • 0.53 miles

  • Public District Grades KG-5

school-card-donut-563153
4
/10

  • Betty Plasencia Elementary

  • 1321 Cortez St

  • 0.58 miles

  • Public District Grades KG-5

school-card-donut-563154
7
/10

  • Solano Avenue Elementary School

  • 615 Solano Ave

  • 0.93 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,385. Residents of Los Angeles, CA typically earn less than $35k each year. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1053 Figueroa Ter

What is the listing price of this property?

The listing price of 1053 Figueroa Ter property is $1,999,000.

What type of property is this?

The property 1053 Figueroa Ter is a condo located in Los Angeles, California, 90012.

Is this property for sale now?

Active Listing: 1053 Figueroa Ter 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 $13,860 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 1053 Figueroa Ter is 1992.

Rocket Homes›California›Los Angeles County›Los Angeles›90012›1053 Figueroa Ter

This home is located at 1053 Figueroa Ter in Los Angeles, CA and zip code 90012 in the Central LA neighborhood. This home, which was built in 1992, sits on a 0.17 acre lot. It has been listed on Rocket Homes since June 03, 2024 and is currently priced at $1,999,000.

Over 598 listings were sold over their listed price in October 2024 in Los Angeles, CA. In the same period over 753 listings were sold below the listed price and 191 listings were sold for the listed price. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. In October 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,023,474.

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

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