$10,000 Closing Credit¹
Jonathan Swire, Listing Office: The Agency
#25484617·
Listing Office: Remax Commercial and Investment Realty·
Listing Agent: Enrique Viramontes·
Listing Office Phone: 213-817-1000
$10,000
closing credit¹
10507 S Figueroa St Los Angeles, CA 90003
$2,225,000 List price
$10,000
Closing credit¹
16 beds
16 baths
9,760 sqft
0.2 acres
$228 / sqft
House
Property details
About 10507 S Figueroa St
Introducing, for the first time on market in over 20 years, the opportunity to purchase 10507 and 10511 S Figueroa Street. This investment opportunity consists of 16 one bedroom + one bath units and is priced to sell at only $139,000/unit and a 9.75 GRM at current numbers. Tenants enjoy onsite parking and a close proximity to the 110 and 105 freeways. The economics of the offering show immediate returns at the current income level. However, with market rents continuing in an upward trend, an aggressive management approach may realize a significant upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historically low vacancy rates and consistent rent growth over the same period. Section 8 vouchers are currently at $3,528 for 3-bedroom units, $2,748 for 2-bedroom units, $2,172 for 1-bedroom units, and $1,920 for studio units.
Highlights
Home typeOther
HeatingWall Furnace
StatusActive
CoolingWall/Window Unit(s)
Size9,760 sqft
Lot size0.2395 Acres
Year built1956
ParkingAssigned
MLS #25484617
Summary
- MLS Number: 25484617
- MLS Name: CRMLS
- Office Name: Remax Commercial and Investment Realty
- Office Phone: (213) 817-1000
- Listing Agent: Enrique Viramontes
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$2,225,000
10507 S Figueroa St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 17, 2001 | Home Sold | $485,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2021 | $330,263 | $4,813 |
| 2020 | $326,878 | $4,690 |
| 2019 | $320,470 | $4,601 |
| 2018 | $314,187 | $4,473 |
| 2017 | $308,028 | $4,473 |
History based on county public records data.
Nearby schools
3
Figueroa Street Elementary School
Public District KG-5
0.4 mi
•510 W 111th St
3
Charles W. Barrett STEAM Academy
Public District KG-5
0.5 mi
•419 W 98th St
3
107th Street Elementary & STEAM Magnet
Public District PK-5
0.6 mi
•147 E 107th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,619. Residents of Los Angeles, CA typically earn less than $<35k each year. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
54%
<35k
41%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
37%
Single, No Kids
22%
Single, with Kids
16%
Married, No Kids
25%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
10%
12-17 yrs old
25%
18-34 yrs old
36%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Ross Dress For Less
Burlington
Where do the neighbors go to eat?
Little Caesars
Jack In The Box
White Castle
What do the neighbors drive?
Dodge
Nissan
Kia
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Enrique Viramontes, Listing Office: Remax Commercial and Investment Realty
Frequently asked questions
About 10507 S Figueroa St
This home is located at 10507 S Figueroa St in Los Angeles, CA and zip code 90044 in the Vermont Vista neighborhood. This 9,760 square foot home, which was built in 1956, sits on a 0.24 acre lot. Features: 16 bedrooms, 16 bathrooms. It has been listed on Rocket Homes since January 17, 2025 and is currently priced at $2,225,000.
In December 2024 more than 524 listings in Los Angeles, CA were sold above the asking price. During the same period more than 203 listings were sold at asking price, while more than 740 were sold below. The inventory of homes for sale in Los Angeles, CA between November and December 2024 decreased by 5.3%. Listings spent 41 days on the market in December 2024, and had a median list price of $1,026,634 during the same period.
From Rocket Homes Real Estate and based on county public records data.