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TNG Real Estate Consultants

info@tngrealestate.com +1(714) 987-3310

$999,000

Est. payment - /mo

5,549 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26137338

HOA Y/N No

Year Built 1957

Lot Size 5,549 Sqft

Property Sub-Type Quadruplex

Property Description

PRICED UNDER $1M — RARE SOUTH L.A. VALUE-ADD WITH NEAR-TERM UPSIDE. 9230 S Figueroa is a 1957-built fourplex on a 5,548 SF LARD2 lot, offered at $999,000 ($249,750/unit). A fifth unit (ADU, 1BD/1BA) is UNDER CONSTRUCTION and in its FINAL INSPECTION PHASE — projected to add ~$1,900/mo upon certificate of occupancy, converting the asset to a legal 5-plex. Exceptional FRICTION-FREE upside: Units 4 ($2,100) and 2 ($1,800) are scheduled to vacate in July and October — voluntary turnovers with NO relocation or buyout cost — letting a buyer reset to market or owner-occupy. Long-term stability is anchored by two below-market, long-tenured RSO units (one reliable Section 8 placement). Added value-add levers: utility bill-back (RUBS) to recover owner-paid utilities, plus predictable RSO/CPI rent growth and vacancy decontrol on future move-outs. Current 4-unit gross $84,012/yr with a clear, documented path to a stabilized ~8% pro-forma cap. Minutes to the 110 & 105 Freeways, USC/Exposition Park, and the SoFi/Inglewood growth corridor. Full OM, rent roll & operating statement available. Buyer to verify units, ADU permits/C of O, rents, RSO status & square footage. Drive-by only — DO NOT DISTURB TENANTS.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Urban

Total Parking Spaces 12

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Sewer Tap Paid

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6039004006

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, VA Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, VA Loan

Special Listing Condition Standard

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Listed by Trey Beltran Equity Union 310-975-4844, DRE #02112359

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TNG Real Estate Consultants

+1(714) 987-3310

Agent | License ID: 01886242

Agent License ID: 01886242

9230 S Figueroa Los Angeles, CA 90003

TNG Real Estate Consultants

Key Details

Location

Interior

Exterior

Building

Others

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