9618 S Figueroa Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE$605,000
9618 S Figueroa Street, Los Angeles, California 90003
0Bed
0Bath
2,520Sqft
5,968Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Quadruplex: The property is a 4-plex, offering immediate residential income potential for investors.
Top Cons:
Extensive Renovation Required: All units feature original kitchens and bathrooms, and one unit is stripped to studs, indicating a substantial capital investment and renovation project for the buyer.
Compared to the nearby listings
Price:$605.0K vs avg $735.0K ($-130,000)29%
Size:2,520 sqft vs avg 1,902.5 sqft79%
Price/sqft:$240 vs avg $3657%
More Insights
Built in 1955 (70 years old).
Condition: Built in 1955, this property features original kitchens and bathrooms in all units, indicating extreme age and a complete lack of modern amenities. One unit has been stripped down to the studs, rendering it unlivable and requiring a full interior build-out. The exterior images show a neglected property with boarded-up windows, further emphasizing its state of disrepair. The listing itself targets 'Investors and Flippers' and explicitly states 'Extensive Renovation Required' and 'Aging Infrastructure.' These factors collectively indicate a property in need of substantial repairs and rehabilitation, making it uncomfortable and partially unsafe in its current condition.
Year Built
1955
Close
-
List price
$605K
Original List price
$699K
Price/Sqft
$240
HOA
-
Days on market
-
Sold On
-
MLS number
PW25186030
Home ConditionPoor
Features
View-
About this home
Investors and Flippers. Classic bungalow located in the Vermont Vista area of Los Angeles, This 1955 4 plex consists of one 2520 sq/ft building with four, 1 bed and 1 bath, approx 620 sq/ft each. Units have the original kitchen and bathrooms. Unit 9618 has been cleaned out and taken down to studs ready for you to complete the interior. The lot is 5968 sq/ft with 3 off street parking space at the back of the property. Parking lot in the back, that can be a potential ADU Possibility (Buyer to verify). Positioned along a high-visibility corridor with excellent access to freeways, LAX, public transportation, and local amenities
Condition Rating
Poor
Built in 1955, this property features original kitchens and bathrooms in all units, indicating extreme age and a complete lack of modern amenities. One unit has been stripped down to the studs, rendering it unlivable and requiring a full interior build-out. The exterior images show a neglected property with boarded-up windows, further emphasizing its state of disrepair. The listing itself targets 'Investors and Flippers' and explicitly states 'Extensive Renovation Required' and 'Aging Infrastructure.' These factors collectively indicate a property in need of substantial repairs and rehabilitation, making it uncomfortable and partially unsafe in its current condition.
Pros & Cons
Pros
Income-Generating Quadruplex: The property is a 4-plex, offering immediate residential income potential for investors.
Significant Value-Add Opportunity: Explicitly marketed for investors and flippers, with one unit already gutted to studs, presenting a clear path for renovation and increased value.
Strategic Urban Location: Positioned on a high-visibility corridor with excellent access to freeways, LAX, public transportation, and local amenities, enhancing tenant appeal.
ADU Development Potential: The rear parking lot offers a potential opportunity for an Accessory Dwelling Unit, which could significantly boost rental income and property value.
Off-Street Parking: Includes 3 off-street parking spaces, a valuable amenity in a dense urban environment like Los Angeles.
Cons
Extensive Renovation Required: All units feature original kitchens and bathrooms, and one unit is stripped to studs, indicating a substantial capital investment and renovation project for the buyer.
Aging Infrastructure: Built in 1955, the property likely requires significant updates to its core systems (plumbing, electrical, HVAC) to meet modern standards and tenant expectations.
ADU Verification Required: While promising, the ADU potential is subject to buyer verification, introducing an element of uncertainty and requiring due diligence before development.