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1 Bed
16 Baths
9,090 sqft

$1,695,000

5606 S Figueroa Street, Los Angeles CA, 90037

Price per sqft$186.47
Built in1927
Property size9,090 sqft
Property typeResidential

Overview

Active

Listed Jun 12, 2026

Updated 4 days ago

PRICE REDUCTION! 16-Unit Value-Add Investment Opportunity in South Los Angeles presenting a rare opportunity to acquire a 16-unit multifamily property in the heart of South Los Angeles, offering strong in-place cash flow and significant upside potential. The property is currently operating at a 7.9% CAP Rate and is offered at an attractive 7.22 GRM, providing investors with an excellent combination of current income and future value growth. Offered at a low $186 per square foot, this asset presents an attractive basis compared to many competing multifamily properties in the Los Angeles market. The property consists of large studio units, each offering approximately 500 square feet or more of living space, a highly desirable feature that continues to attract tenants seeking affordable yet spacious housing options.Several units have already been renovated and remodeled, demonstrating the property's ability to achieve higher market rents. These upgraded units provide a clear blueprint for future ownership to continue enhancing the remaining units and capturing additional rental upside. Through strategic renovations and improved management, investors have the opportunity to further increase income and maximize the property's overall value. Ideally located near some of Los Angeles' most notable destinations, the property offers residents convenient access to Downtown Los Angeles, BMO Stadium, USC, and Exposition Park. These major employment, educational, entertainment, and cultural hubs contribute to strong rental demand and long-term occupancy stability. The property also benefits from excellent transportation access, with major freeways and transportation corridors nearby, allowing residents to conveniently commute throughout Los Angeles County. This accessibility further enhances the property's appeal to working professionals, students, and long-term renters. Situated in a "Very Walkable" location with a Walk Score of 76, residents enjoy easy access to neighborhood-serving retail, restaurants, grocery stores, cafes, and a variety of commercial services. The convenience of nearby amenities creates a desirable living environment that supports tenant retention and rental growth. With strong current returns, proven rental upside, spacious unit layouts, and a highly desirable location, this 16-unit apartment community represents an outstanding value-add investment opportunity in one of Southern California's most dynamic rental markets. Whether for immediate cash flow or long-term appreciation, this property offers investors the opportunity to capitalize on the continued growth and demand throughout South Los Angeles

$11,277/mo

Est. mortgage payment based on a $1,695,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26846351

Interior Features

Bedrooms
1
Bathrooms
16
Basement
No

Exterior Features

Lot Size
0.14 Acres

Other Property Details

55+/Senior Community
No

Also listed on CLAW

Listed by Sean Namigohar, Lyon Stahl Investment Real Estate, Inc., CA DRE 01949705

Listing Contact: 4242957220 

Based on information from the CRISNet MLS as of 10/8/2026, 7:24 AM UTC. 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. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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