8307 S Figueroa Street, Los Angeles, CA 90003

Local realty services provided by:ERA Excel Realty
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8307 S Figueroa Street,Los Angeles, CA 90003
$2,150,000
  • 18 Beds
  • 10 Baths
  • 7,584 sq. ft.
  • Multi-family
  • Pending
Listed by:jacqueline carroll
Office:compass
MLS#:25542775
Source:CRMLS

Price summary

  • Price:$2,150,000
  • Price per sq. ft.:$283.49

About this home

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

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Home facts

  • Year built:1991
  • Listing Id #:25542775
  • Added:80 day(s) ago
  • Updated:August 17, 2025 at 07:24 AM

Rooms and interior

  • Bedrooms:18
  • Total bathrooms:10
  • Living area:7,584 sq. ft.

Heating and cooling

  • Heating:Central

Structure and exterior

  • Year built:1991
  • Building area:7,584 sq. ft.
  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$2,150,000
  • Price per sq. ft.:$283.49
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