Home | Los Angeles County | Los Angeles | 90003 | 9230 S Figueroa
MLS: CRSR26137338 | Status: Active | Price: $999,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 5,550 | 1957 |
PRICED UNDER $1M — RARE SOUTH L.A. VALUE-ADD WITH NEAR-TERM UPSIDE. 9230 S Figueroa is a 1957-built fourplex on a 5,548 SF LARD2 lot, offered at $999,000 ($249,750/unit). A fifth unit (ADU, 1BD/1BA) is UNDER CONSTRUCTION and in its FINAL INSPECTION PHASE — projected to add ~$1,900/mo upon certificate of occupancy, converting the asset to a legal 5-plex. Exceptional FRICTION-FREE upside: Units 4 ($2,100) and 2 ($1,800) are scheduled to vacate in July and October — voluntary turnovers with NO relocation or buyout cost — letting a buyer reset to market or owner-occupy. Long-term stability is anchored by two below-market, long-tenured RSO units (one reliable Section 8 placement). Added value-add levers: utility bill-back (RUBS) to recover owner-paid utilities, plus predictable RSO/CPI rent growth and vacancy decontrol on future move-outs. Current 4-unit gross $84,012/yr with a clear, documented path to a stabilized ~8% pro-forma cap. Minutes to the 110 & 105 Freeways, USC/Exposition Park, and the SoFi/Inglewood growth corridor. Full OM, rent roll & operating statement available. Buyer to verify units, ADU permits/C of O, rents, RSO status & square footage. Drive-by only — DO NOT DISTURB TENANTS.
| Field | Value |
|---|---|
| MLS # | CRSR26137338 |
| MLS Source | California Regional MLS |
| Days on Site | 3 |
| Feature | Details |
|---|---|
| Laundry | None |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 6 Car(s) |
Trey Beltran
Equity Union
License #: 02112359
Phone: (310) 975-4844
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 4 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 651 W Gage | $820,000 | – | – | – | Active |
| 1455 W 106th | $950,000 | – | – | – | |
| 424 E 61st | $825,000 | – | – | – | Active |
| 115 W 86th | $1,190,000 | – | – | – | Active |
| 9421 9421 Maie | $850,000 | – | – | – | Active |
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This listing information is up-to-date as of June 25, 2026. For the most current information, please contact Trey Beltran, (310) 975-4844.