5917 S Figueroa Street, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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Los Angeles, California 90003
This Value-Add Quadruplex represents a Prime Investment Opportunity with a List Price of $980,000—positioned well below the $1,015,021 Fair Market Value by 3%. This strategic entry point secures $35,021 in Instant Equity. While currently holding a Condition Rating of 4 requiring infrastructure updates, the property features Separate Utility Meters and a high-occupancy unit mix. Marketed as FHA-eligible, this asset is a powerful wealth-building tool for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack in South Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5917 S Figueroa Street Subject | $980,000* List Price | 0 | 0 | 2,496 | $407 | - |
A 146 W Gage Avenue Sold | $885,000 | 0 | 0 | 2,460 | $360 | 0.5 mi |
B 352 W 59th Place Sold | $750,000 | 0 | 0 | 1,580 | $475 | 0.2 mi |
C 119 W 61st Street Sold | $798,000 | 5 | 3 | 1,919 | $416 | 0.5 mi |
D 138 W Gage Avenue Sold | $755,000 | 0 | 0 | 1,680 | $449 | 0.6 mi |
E 6118 S Main Active | $749,999 List Price | 6 | 5 | 2,560 | $293 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1925, this century-old quadruplex shows visible signs of age and deferred maintenance, including exterior graffiti and unkempt landscaping. While marketed as FHA-eligible—suggesting it meets basic habitability standards—the property suffers from functional obsolescence (notably a 4-bedroom unit with only one bathroom) and likely requires significant updates to its aging infrastructure and interior finishes to meet modern standards.
The quadruplex configuration, featuring a large four-bedroom unit and three one-bedroom units, offers an ideal 'house hacking' opportunity for owner-occupants to offset their mortgage with rental income.
Each of the four units is equipped with its own individual gas and electric meter, significantly reducing landlord utility expenses and simplifying property management.
The property is marketed as FHA-friendly, providing a rare opportunity for buyers to acquire a multi-unit investment with a lower down payment compared to traditional commercial loans.
Built in 1925, the property may require ongoing maintenance or capital improvements to modernize aging infrastructure and systems typical of century-old buildings.
The primary four-bedroom unit contains only one bathroom, which may be seen as a drawback for larger families and could impact the maximum achievable rental rate for that unit.
Don't miss the opportunity to be a homeowner and an investor at the same time. Four units available for sale, including three units with one bedroom/one bathroom and one unit, includes four bedrooms/one bathroom, very convenient for a buyer interested in living in one unit and renting the other three. FHA applicants are welcome. Each unit with its own gas and electric meter.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,496 | 1,907 | 64% |
| Lot Size | 5,402 | 5,185 | 80% |
| Price | $980.0K | $780.0K | 82% |
| Price per sq ft | $393 | $364 | 55% |
| Built year | 1925 | 1925 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 203 | 2% |
Apr 2, 2026
$980,000
Initial Listing
Dec 18, 2003
$307,000
Public Record
Apr 1, 1998
$270,000
Public Record
Oct 27, 1997
$135,000
Public Record