#AR25016203, Peggy Fong Chen, Listing Office: Re/Max Omega

1053 Figueroa Ter Los Angeles, CA 90012
Property details
About 1053 Figueroa Ter
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
Highlights
(Pending)
Summary
- MLS Number: WS24254754
- MLS Name: CRMLS
- Office Name: RE/MAX PREMIER/SANMARINO
- Office Phone: (626) 807-6800
- Listing Agent: YAN CHOW
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.
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Last updated on: 3/15/2025, 2:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,749,000
1053 Figueroa Ter
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $1,141,791 | $14,983 |
2023 | $1,119,404 | $14,711 |
2022 | $1,097,456 | $14,064 |
2021 | $1,075,938 | $13,859 |
2020 | $1,064,906 | $13,465 |
2019 | $1,044,027 | $13,297 |
2018 | $1,023,557 | $12,977 |
2017 | $1,003,488 | $12,977 |
History based on county public records data.
Nearby schools
7
Castelar Elementary School
Public District KG-5
0.5 mi
•840 Yale St
4
Betty Plasencia Elementary
Public District KG-5
0.6 mi
•1321 Cortez St
7
Solano Avenue Elementary School
Public District KG-6
0.9 mi
•615 Solano Ave
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 $30,385. Residents of Los Angeles, CA typically earn less than $<35k each year. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
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Frequently asked questions
About 1053 Figueroa Ter
This home is located at 1053 Figueroa Ter in Los Angeles, CA and zip code 90012 in the Central LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 4, 2025 and is currently priced at $1,749,000.
While more than 212 listings in Los Angeles, CA in February 2025 were sold above asking price, there were more than 105 listings sold at asking price, and more than 280 were sold below. In February 2025 in Los Angeles, CA there were 10.8% more homes for sale than in January. In February 2025 median list price was $989,396 and the average listing age was 44 days.