CA > Los Angeles
Los Angeles, CA 90012,1053 Figueroa TER
Los Angeles, CA 90012,1053 Figueroa TER
Los Angeles, CA 90012,1053 Figueroa TER
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Lisa Kirshner

Lisa Kirshner

+1(424) 214-0133
$1,749,000
Est. payment /mo
7,426 Sqft Lot
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UPDATED:

02/16/2025 05:36 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS24254754

HOA Y/N No

Year Built 1992

Lot Size 7,426 Sqft

Property Sub-Type Apartment

Property Description

Presenting attractive 1992 custom-built 5-units, with a large & private townhouse style owner's front unit w/ beautiful city view & a 2-car attached garage w/ direct access to the unit.Offering 6.1% Cap Rate. Stable & below market income w/plenty of upside potential and possibility to convert some space to ADU's for additional income (buyer to investigate feasibility, seller makes no guarantees & warranties). Located close to iconic Chinatown, booming Echo Park & Silverlake areas of DTLA & positioned strategically & conveniently near freeways, Metro Line, Union Station,Bus routes & near LA's financial district,LA Fashion & Arts ..etc.It is also near the Music Center, Disney Concert Hall, Broad Museum and other downtown attractions. This property offers an excellent opportunity for the discerning homeowner or investors to secure a true value-added asset in a highly coveted area. Surrounding neighborhood boasts large future development projects & many existing condominiums valued at $1 million or more. Comprising three stories with a total building size of 7,658 sq.ft. per assessor, all units are spacious & the apartment complex boasts a desirable unit mix including the owner's unit measured approx. 2,641sq ft. (freshly painted & newly carpeted & a new dishwasher) w/ 3-bedroom, 3.5-bathroom & an office/den w/ closets (could be a 4th bedroom), two walk-in closets, kitchen range & wok stove, large recreation room, laundry room & ample storage closets/rooms. The remaining four units is an ideal mix of two spacious 3-bedroom, 2-bathroom units & two good-sized 2-bedroom, 1-bathroom units. New roof & sky light by close of escrow. Each unit has individual water heaters & separate meters for gas and electricity. Owner unit will be available upon COE and the other 4 units are rented to tenants on month-to-month leases. Rent comparable reports indicate a positive upside in rent & added investment potential as units turn over. Property is not under city rent control ordinance (RSO), but subject to State Rent Control & just caused ordinance (JCO). Buyer to investigate, seller makes no guarantees and no warranties. Ample parking includes 3 covered spaces, 5 open parking spaces and a 2-car attached garage for the owner unit. Residents benefit from an array of culinary delights, cultural experiences, and artistic exhibitions open for all. Now is the time to seize this exceptional offering in one of Los Angeles' most dynamic and sought-after neighborhoods

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LARD1.5

Rooms

Other Rooms Storage

Interior

Interior Features Balcony, Storage, Jack and Jill Bath, Primary Suite, Walk-In Closet(s)

Heating Combination, Central, Wall Furnace

Cooling See Remarks

Flooring Carpet, Laminate, Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Free-Standing Range, Disposal, Range Hood, Water Heater

Laundry Inside

Exterior

Exterior Feature Rain Gutters

Parking Features Attached Carport, Assigned, Concrete, Covered, Carport, Detached Carport, Direct Access, Door-Single, Garage Faces Front, Garage, On Site, Paved, One Space

Garage Spaces 2.0

Carport Spaces 3

Garage Description 2.0

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Available, Natural Gas Connected, Sewer Connected, Water Available

View Y/N Yes

View City Lights, Neighborhood

Roof Type Flat,Mixed,Shingle,Tile

Total Parking Spaces 10

Private Pool No

Building

Lot Description No Landscaping, Rectangular Lot

Faces South

Story 3

Sewer Public Sewer

Water Public

Architectural Style Custom

Additional Building Storage

New Construction No

Others

Senior Community No

Tax ID 5406022015

Security Features Carbon Monoxide Detector(s),Fire Sprinkler System,Smoke Detector(s),Window Bars

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by YAN CHOW • RE/MAX PREMIER/SANMARINO • 626-807-6800

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agent

Lisa Kirshner

+1(424) 214-0133

Agent | DRE 01159728 | 01965657

Agent DRE 01159728 | 01965657

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