10311 S Figueroa St, Los Angeles, CA 90003

Overview

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Property Type: Duplex
Year Built: 1943
Total Units: 5

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The property at 10315 S Figueroa St is a well-located duplex offering an attractive investment opportunity in Los Angeles. Built in 1943, this duplex encompasses a total living area of 1,560 square feet on a 2,751-square-foot lot. With its classic mid-century construction, this property combines the enduring appeal of the period with the functional versatility of a multifamily setup. The duplex layout provides flexibility in tenant arrangements and can cater to a variety of rental needs, appealing to both small families and working professionals.

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The property’s current owner, SOLA Impact Fund II LP, acquired it on February 19, 2018, for $500,000. Its LAC2 zoning further enhances its investment potential, allowing for various uses and potential developments in the future. For investors, this property represents an opportunity to secure a foothold in a neighborhood with rising demand, offering steady income and room for growth.

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Neighborhood Overview

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Location: South Los Angeles
Proximity: Situated in the heart of Los Angeles, near educational and employment hubs

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Located in a well-established area of South Los Angeles, this property benefits from its proximity to both residential neighborhoods and commercial zones. The neighborhood is undergoing revitalization, driven by increased public investment and a growing local economy. Its central location provides convenient access to major highways and public transportation, which are essential for tenants who commute to work or school.

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The South Los Angeles area also offers access to essential amenities and services. From grocery stores and dining options to healthcare and educational facilities, the property is surrounded by conveniences that contribute to a high quality of life for tenants. Several parks and recreational spaces nearby add to the appeal, providing tenants with places to relax and enjoy the outdoors.

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Investment Highlights

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• Income Potential: The duplex format provides a stable rental income with potential for rent increases as the area develops. Its current setup is suitable for small families or professionals, creating flexibility for rental strategies.
• Zoning Flexibility: Zoned LAC2, this property has the versatility for various future development opportunities, whether through potential upgrades or expansions that capitalize on the ongoing revitalization efforts in the area.
• Cost-Efficient Management: Likely metered separately for utilities, the property minimizes owner costs and offers straightforward management solutions. This setup is attractive for investors who prioritize operational efficiency and long-term value.

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Property Features

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Built in 1943, this duplex offers sturdy wood frame construction, with classic architectural features common to mid-century designs. While the property could benefit from targeted updates, its existing structure provides a strong foundation for renovation opportunities. Potential upgrades would not only enhance its appeal to prospective tenants but could also lead to increased rental income and property value.

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This property represents a unique investment in Los Angeles’ competitive real estate market. With a mix of stable rental income, strategic location, and growth potential, 10315 S Figueroa St is well-positioned for investors seeking to build or expand their portfolios.

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl