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6616 S Figueroa Street
6616 S Figueroa Street
6616 S Figueroa Street
6616 S Figueroa Street
6616 S Figueroa Street
6616 S Figueroa Street
6616 S Figueroa Street
6616 S Figueroa Street
6616 S Figueroa Street
6616 S Figueroa Street
6616 S Figueroa Street
6616 S Figueroa Street
6616 S Figueroa Street
6616 S Figueroa Street
6616 S Figueroa Street
6616 S Figueroa Street
6616 S Figueroa Street
6616 S Figueroa Street
6616 S Figueroa Street
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Listed by Jessica Altinoglu CA DRE# 02159983 with Luxury Collective 818-426-2465
$1,110,000

6616 S Figueroa Street

3,408 Sq.Ft. 4,200 Sq.Ft.

Description

Exceptional Investment Opportunity - Turnkey Income Property with ADU Potential. This well-maintained multi-unit property offers the perfect blend of immediate rental income and long-term upside; great for investors and owner-users. All units are equipped with central air & heat, and updated with laminate and porcelain flooring. With separately metered water, gas, and electricity, tenants cover all utilities; the owner's responsibility is limited to common area lighting and gate power, keeping expenses low. The property is in excellent condition--completely turnkey, with no capital improvements required. Buyers can start collecting rent immediately. There is also exciting ADU potential by converting the garages in the back into additional rental units, providing future value-add income. With a high Net Operating Income and strong tenant appeal, this is truly a one-of-a-kind opportunity for both investors and owner-users. Seller is offering one vacant unit for flexible occupancy or immediate rental placement.

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Location

6616 S Figueroa Street, Los Angeles, CA 90003

Status

Sold

Date Sold

November 3, 2025

Features & Amenities

Interior
Laundry room Laundry Chute, Gas Dryer Hookup
Fireplace None
Area & Lot
Total area 3,408 Sq.Ft.
Lot Area 4,200 Sq.Ft.
Living area 3,408 Sq.Ft.
MLS® ID SR25187192
Year Built 2018
View Description Neighborhood
Type Multi-Family
Status Sold
Exterior
Stories 2
Pool None
Air conditioning Central Air, ENERGY STAR Qualified Equipment
Heat type Central, ENERGY STAR Qualified Equipment, Natural Gas
Water Source Public
Garage Space 2.0
Security Features Carbon Monoxide Detector(s), Fire Sprinkler System, Security Gate, Smoke Detector(s)
Sewer Public Sewer
Parking Attached Carport, Garage
Lot Features 2-5 Units/Acre, Rectangular Lot, Yard
Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Finance
Sales Price $1,110,000

Where we make it happen

Experience the difference that exceptional service and results can make in your real estate journey. Ashley is dedicated to providing personalized attention and expert guidance to each client, ensuring that your unique needs are met with the highest standards of professionalism.