Los Angeles, CA 90003 8115 S Figueroa Street S
$850,000
5 more
Presented By: JEFFREY GRAY with CONROY COMMERCIAL INC.; 310-874-6920
- MLS# IG25141470
- 06/24/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 1
Baths • 6
SQFT • 2,248
Home Details
South Los Angeles Investment Property. Located in the vibrant Congress Southeast neighborhood on the major Figueroa Street corridor, this 6-unit apartment building offers strong rental income potential with 5 studio units and one 1-bedroom, 1-bathroom unit. It has a strategic location with public transportation just steps away, including Broadway/104th bus service to Downtown LA and convenient access to the Green Metro Line to LAX. Downtown LA is only 15-20 minutes by car, making this building attractive to renters seeking central Los Angeles accessibility without downtown pricing.
According to the owner, the 1B/1B unit has unpermitted internal demising walls making it 3 rooms with a bathroom and a kitchen. This unit is leased out short term with the average monthly net rent of $2,130 a month.
Presented By: JEFFREY GRAY with CONROY COMMERCIAL INC.; 310-874-6920
Interior Features for 8115 S Figueroa Street S
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 8115 S Figueroa Street S
AccessibilityNone
Additional Parcels Y/NNo
AppliancesGasOven, GasRange, Microwave, Refrigerator
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesUrban
CoolingNone
CountyLos Angeles
Current FinancingConventional
DirectionsTake Figueroa north 4 blocks off Manchester Ave. The building is on your left between W 81st St. and W 82nd St.
ElectricElectricityOnProperty
Electric Expense2500.0
Entry Locationstreet
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income55878.0
HOANo
HOA Fee$0.0
HeatingNone
Home Warranty Y/NNo
Insurance Expense3600.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsConventional
Lot Size Square Feet6501.0
Lot Size UnitsSquareFeet
MLS AreaC36 - Metropolitan Southwest
Maintenance Expense4950.0
MobileHomeRemainsYNNo
Net Operating Income55878.0
New ConstructionNo
Number Of Units Total6
Open Parking Spaces7.0
Operating Expense21018.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesWindowBars
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot161
Taxes$9,108
Tenant PaysAllUtilities
Trash Expense380.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
Water Sewer Expense480.0
Year Built1950
Year Built SourceAssessor
ZoningLAC2
Exterior for 8115 S Figueroa Street S
Building Area Total2248.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions50'x130'
Lot FeaturesRectangularLot
Lot Size Acres0.1492
Lot Size Area6501.0
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters0
Number of Separate Water Meters0
Parking FeaturesAssigned, Driveway, Paved, Tandem, Unassigned, Uncovered
Private PoolNo
SpaNo
Total Parking7.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate