8307 S Figueroa Street, Los Angeles, CA 90003 - Berkshire Hathaway HomeServices California Properties
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8307 S Figueroa Street, Los Angeles, CA 90003

$2,150,000 Approx. USD 18 beds, 10 baths
7,584 sqft
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Listing Agent


Jacqueline Carroll | jacqueline.carroll@compass.com
Lic#: 02139996
Broker: Courtesy of Compass

Co Listing Agent


John Swartz | john.swartz@compass.com
Lic#: 01873487
Broker: Courtesy of Compass

Agent Remarks

8307 S. Figueroa Street-a rare, non-RSO 9-unit multifamily offering located in the high-demand Vermont Knolls neighborhood of South Los Angeles. Constructed in 1991 and newly painted, this three-story building spans 7,584 square feet of rentable space and sits on a 7,499 square-foot lot zoned LAC2-1VL-CPIO with a Tier 2 TOC designation. The unit mix consists entirely of spacious two-bedroom units, including eight -2 bed/1-bath and one 2-bed/1.5-bath layout. The property is 100% occupied, with an average rent of $2,154 per unit and approximately 25% upside potential. Investors benefit from favorable rent control regulations allowing annual increases of 5% + CPI (currently 8.9%, capped at 10%). Each unit is separately metered for gas and electricity and includes its own water heater, minimizing landlord expenses, which are limited to water, common-area electricity, and trash. The building features secure gated access and 18 covered parking spaces-two per unit-which are exempt from seismic retrofit requirements. Strategically positioned near the 10 and 110 Freeways and within proximity to theCrenshaw/LAX rail lines, the property offers exceptional accessibility to Downtown LA, Culver City, Santa Monica, and the South Bay.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25542775
Price: $2,150,000
Beds: 18
Baths: 10
Built in 1991
7,584 sqft
0.17 acres
Lot size: 0.1722
County: Los Angeles
Zoning: LAC2
Appliances: Refrigerator
Parking description: Covered
Heating description: Central
MLS area: C36 - Metropolitan Southwest

Last Updated: 6/4/2025

 Days On Market (DOM): 24

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This listing belongs to the C36 - Metropolitan Southwest MLS area

Lat/Long: 33.962889, -118.283112.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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