$10,000 Closing Credit¹
#AR25016203, Peggy Fong Chen, Listing Office: Re/Max Omega
#WS24254754·
Listing Office: RE/MAX PREMIER/SANMARINO·
Listing Agent: YAN CHOW·
Listing Office Phone: 626-807-6800
$1,749,000 List price
1053 Figueroa Ter Los Angeles, CA 90012
$10,000
Closing credit¹
0.2 acres
Condo
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
Home typeCondominium
HeatingOther, Central, Wall Furnace
StatusSale Pending
(Pending)
(Pending)
CoolingOther
Lot size0.1705 Acres
Year built1992
ParkingAttached Carport, Assigned, Concrete, Covered, Carport, Detached Carport, Direct Access, Door-Single, Garage Faces Front, Garage, On Site, Paved, One Space
MLS #WS24254754
Garage2 spaces
ViewCity Lights, Neighborhood
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.
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: 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.
How much money do the neighbors make?
54%
<35k
36%
35k-100k
10%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
51%
Single, No Kids
13%
Single, with Kids
19%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
7%
12-17 yrs old
32%
18-34 yrs old
39%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Jazz
All data provided by Home Junction and Claritas
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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.
From Rocket Homes Real Estate and based on county public records data.