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Image 1 - 7404 S Figueroa St, Los Angeles, California, 90003 - House for sale
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S Figueroa St, Los Angeles, Home For Sale
7404 S Figueroa St, Los Angeles, California, 90003

S Figueroa St, Los Angeles, Home For Sale

house for sale
Listed: 08/09/24

7404 S Figueroa St, Los Angeles, California, 90003

12 Bed:
6 Bath:
4,269 Sq Ft Living Area:
Save
Price
$ 1,83M

About This House

Located on South Figueroa Street in South Los Angeles, this cash-flowing covered land opportunity is an amazing opportunity for a developer seeking in-place cash flow while seeking entitlements. Currently, the property contains (6) - 2 bed / 1 bath units with a strong cap rate of 6.22% in-place. As a development site, there is potential to develop a 100% affordable apartment building containing 157 units (buyer to verify). The identical neighboring property received approvals for 157 units and sold in September of 2023 for$3, 910, 039.

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Vermont Knolls Housing & Living

Average sale prices for houses

3 bed
Show as List Show as Graph
In August 2024, the asking price for 3 bed houses for sale in/near Vermont Knolls, Los Angeles, United States averaged $736,259, staying on the same level compared to the previous month.
Median price trends for properties for sale in Vermont Knolls, Los Angeles, United States as of August 2024.

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.