12610 S Figueroa Street, Los Angeles, California 90061, Los Angeles, 90061 - bed, bath
ACTIVE$825,000
12610 S Figueroa Street, Los Angeles, California 90061
0Bed
0Bath
3,522Sqft
7,865Lot
Year Built
1941
Close
-
List price
$825K
Original List price
$825K
Price/Sqft
$234
HOA
-
Days on market
-
Sold On
-
MLS number
IG25195746
Home ConditionFair
Features
Patio
ViewNeighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $825.0K(50th), sqft - 3522(50th), beds - undefined(50th), baths - undefined(50th).
Corcoran Group of California, Inc. is pleased to present the exclusive opportunity to acquire to 12160 Figueroa, a multi-family building comprised of five (5) units. There are four 1-bedroom / 1-bath and one 2-bedroom / 1-bath units ideally located in the heart of Los Angeles, CA. With excellent proximity to shopping, entertainment districts and restaurants, and located in a very high demand rental area. New roof in 2022. Easy freeway access to the I-110 and the I-105. Lot square footage is approximately 7,884 and building is 3,522. Owner is licensed real estate agent acting on his own behalf.
Price History
Date
Event
Price
08/30/25
Listing
$825,000
03/19/14
Sold
$425,000
12/03/04
Sold
$450,000
Condition Rating
Fair
Built in 1941, this property is aged. While a new roof was installed in 2022, the interior images of the kitchen and bathroom show functional but outdated features, including older white appliances, basic light fixtures, dated faucets, and linoleum/vinyl flooring. The carpet in some units appears newer, indicating some upkeep, but the overall condition and style of the key areas suggest they haven't undergone a comprehensive modern renovation, aligning with the 'Fair' category's description of being aged but maintained with components showing signs of being outdated.
Pros & Cons
Pros
Strong Income Potential: As a multi-family building with five units (four 1-bedroom, one 2-bedroom), the property offers significant and consistent rental income potential for investors.
Strategic Urban Location: Ideally located in the heart of Los Angeles, the property boasts excellent proximity to shopping, entertainment districts, and restaurants, enhancing its appeal to tenants.
High Rental Demand Area: Explicitly situated in a 'very high demand rental area,' this property is likely to maintain strong occupancy rates and attract quality tenants.
Recent Capital Improvement: A new roof installed in 2022 significantly reduces immediate major maintenance costs and provides peace of mind for a new owner.
Excellent Transportation Access: Easy freeway access to the I-110 and I-105 enhances connectivity for residents, making commuting convenient and increasing the property's desirability.
Cons
Property Age & System Concerns: Built in 1941, the property is over 80 years old, suggesting that major systems (e.g., plumbing, electrical) beyond the roof may require significant updates or maintenance in the near future.
Unspecified Interior Condition: The description highlights a new roof but provides no details on the interior condition of the units or common area amenities, implying potential for significant renovation costs to modernize and maximize rental value.
Limited Parking Information: No specific details regarding on-site parking for five units are provided, which could be a significant concern for tenants in a dense urban area like Los Angeles.