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$1,999,000
193 Days On Site

1053 Figueroa Terrace
Los Angeles, CA 90012

For Sale|Apartment|Active Under Contract
0
Beds
0
Full Baths
0
Partial Baths
7,658
SqFt
$261
/SqFt
1992
Built
County:
Los Angeles
Listed by YAN CHOW of RE/MAX PREMIER/SANMARINO stellachow168@yahoo.com
Call Now: 310-995-6273
Is this the home for you? We can help make it yours.
310-995-6273
1053 Figueroa Terrace1053 Figueroa Terrace1053 Figueroa Terrace1053 Figueroa Terrace
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Monthly Payment (Est.)

$9,120
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

Presenting a rare opportunity to acquire this attractive 1992 custom-built and meticulously crafted,5 unit,city view apartment complex. Located adjacent to the iconic Chinatown, Echo Park & Silverlake areas of Los Angeles,& positioned strategically& conveniently near the #2,5,134,110,&101 freeways,& rapid transit including the Gold Line & bus routes. It is situated in a trendy & up-and-coming strong rental market amidst DTLA, Silverlake,Dodger Stadium,Echo Park & the Financial District neighborhoods with major employers including USC,Good Samaritan Hospital,Paramount Studios,& the Los Angeles Fashion and Arts Districts,& much more.This property offers an excellent opportunity for discerning homeowners or investors to secure a true value-added asset in a highly coveted locale.Comprising 3 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 an OWNER unit of approx.2,641 sq.ft.(will be available upon close of escrow with new paint & carpet throughout) featuring a 3br,3.5bth townhome-style front unit with an office /den(could be used as a 4th bedroom),large recreation room, C/A, spacious laundry area, ample storage rooms,a 2-car attached garage. The outside laundry & storage rooms with best possibilities for ADU are utility ready with dry walls & windows.Buyer to Investigate feasibility, seller makes no guarantees and no warranties. The remaining 4 units are an ideal mix of two larger (over 1,100 sq. ft. ea) 3br,2bth U and two good-sized 2-br,1-bth U. Each unit boasts an excellent layout, individual water heaters, & separate metering for gas and electricity utilities, ensuring convenience & efficiency. Four units are occupied by tenants on month to month leases. Rent comparable reports indicate a positive upside & added investment potential. Property is not under city’s Rent Stabilization Ordinance (RSO), but subject to State Rent Control AB1482 & Just Cause Ordinance (JCO). Buyer to investigate, seller makes no guarantees & no warranties. Total 10 parking spaces,3 covered spaces, 5 open parking spaces & a 2 car garage. Great Owner user building. Residents benefit from an array of culinary delights, cultural experiences, & artistic exhibitions for investors,owner or professionals, further enriching the allure of this investment opportunity. Now is the time to seize this exceptional offering in one of Los Angeles’ most dynamic and sought-after neighborhoods.

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Listing Snapshot
Price 
$1,999,000
Days On Site 
193 Days
Bedrooms 
N/A
Inside Area (SqFt) 
7,658 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1705 Acres
Year Built 
1992
MLS® Number 
WS24109540
Status 
Active Under Contract
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 days agoStatus changed to Active Under Contract
6 days agoListing updated with changes from the MLS®
4 months agoPrice changed to $1,999,000
6 months agoListing first seen on site
General Features
Acres 
0.1705
Carport 
3
Direction Faces 
South
Disclosures 
Rent Control
Garage 
Yes
Garage Spaces 
2
Number Of Stories 
3
Parking 
Attached CarportAssignedConcreteCoveredCarportDetached CarportDirect AccessGarage Faces FrontGarageOn SitePaved
Parking Spaces 
10
Property Sub Type 
Apartment
Security 
Carbon Monoxide Detector(s)Smoke Detector(s)Window Bars
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
7658
Style 
Custom
Utilities 
Natural Gas AvailableElectricity AvailableNatural Gas ConnectedSewer ConnectedWater Available
Water Source 
Public
Zoning 
LARD1.5
Interior Features
Appliances 
RangeDishwasherFree-Standing RangeDisposalWater Heater
Cooling 
Fireplace Features 
None
Flooring 
CarpetLaminateTileVinyl
Heating 
CentralWall Furnace
Interior 
StorageWalk-In Closet(s)
Laundry Features 
Inside
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Exterior Features
Exterior 
BalconyRain Gutters
Lot Features 
Rectangular Lot
Pool Features 
None
Spa Features 
None
View 
CityCity LightsNeighborhood
Waterview 
CityCity LightsNeighborhood
Community Features
Building Access 
front
Community Features 
Street LightsSidewalks
Financing Terms Available 
CashConventional
MLS Area 
C21 - Silver Lake - Echo Park


This information 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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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