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$ 2,115,000
$ 2,150,000 1.6%
Est. payment /mo
Sold on 08/29/2025
8307 S Figueroa ST Los Angeles, CA 90003
18 Beds
10 Baths
7,584 SqFt
UPDATED:
Key Details
Sold Price $2,115,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 7,584 sqft
Price per Sqft $278
MLS Listing ID 25542775
Sold Date 08/29/25
Bedrooms 18
HOA Y/N No
Year Built 1991
Lot Size 7,501 Sqft
Property Description
8307 S. Figueroa Street-a rare, non-RSO 9-unit multifamily offering located in the high-demand Vermont Knolls neighborhood of South Los Angeles. Constructed in 1991 and newly painted, this three-story building spans 7,584 square feet of rentable space and sits on a 7,499 square-foot lot zoned LAC2-1VL-CPIO with a Tier 2 TOC designation. The unit mix consists entirely of spacious two-bedroom units, including eight -2 bed/1-bath and one 2-bed/1.5-bath layout. The property is 100% occupied, with an average rent of $2,154 per unit and approximately 25% upside potential. Investors benefit from favorable rent control regulations allowing annual increases of 5% + CPI (currently 8.9%, capped at 10%). Each unit is separately metered for gas and electricity and includes its own water heater, minimizing landlord expenses, which are limited to water, common-area electricity, and trash. The building features secure gated access and 18 covered parking spaces-two per unit-which are exempt from seismic retrofit requirements. Strategically positioned near the 10 and 110 Freeways and within proximity to theCrenshaw/LAX rail lines, the property offers exceptional accessibility to Downtown LA, Culver City, Santa Monica, and the South Bay.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAC2
Interior
Heating Central
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Covered
Total Parking Spaces 18
Building
Story 3
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 6032020002
Special Listing Condition Standard
Listed by Jacqueline Carroll Compass
Bought with Non-member 999999 Non-member Office
Bought with Non-member 999999 Non-member Office