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  • 4709 S Figueroa Street

4709 S Figueroa Street, Los Angeles, CA 90037

$1,949,000 Approx. USD 18 beds, 12 baths
7,375 sqft

Reduced by $46,000 on 10/13/2026
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Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Text Me
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Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
 Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Fax: 818-386-9007
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Listing Agent


Casey Lins | Casey.Lins@kidder.com
Lic#: 01902650
Broker: Courtesy of Kidder Mathews of California, Inc.
Phone: 714-333-6768

Co Listing Agent


Vincent Cook | vincent.cook@kidder.com
Lic#: 02012324
Broker: Courtesy of Kidder Mathews of California, Inc
Phone: 213-225-7222

Agent Remarks

OVER 8.5% CAP Rate, with upside, across multiple APNs!!! We are proud to present 4701 & 4709 S Figueroa St (MUST BE SOLD TOGETHER, $1.949M asking price), an 11-unit multifamily community, offered at an 7.97 GRM and an 8.51% CAP Rate on current rents. Offered with an attractive, in-place high yield on a fully occupied property, this opportunity consists of an adjacent 3-unit and 8-unit property with two separate parcels, allowing for multiple exit strategies for the next owner, including but not limited to, acquiring both properties together, selling the 3-unit separately for a premium and further reducing your cost basis on the 8-unit property and continuing to drive returns. Collectively, the 11 units offer a total of +/-7,375 rentable square feet with a unit mix of (2)3BD+1BA, (1)2BD+2BA, (2)2BD+1BA and (6)1BD+1BA units which sit on a combined +/-16,218 square foot LAC2 zoned double corner lot with a total of +/- 13 uncovered onsite parking spaces which can continue to serve as parking and/or for future ADU(s). The 3-unit consists of two separate, single-story structures built in 1919 totaling 2,911 retable square feet with the (2)3BD+1BA and (1)2BD+2BA units whereas the 8-unit property consists of a single, two-story structure built in 1926 with 4,464 rentable square feet with the (2)2BD+1BA and (6)1BD+1BA units. As a long-term development site, but utilizing TOC, one can potentially develop up to 66 units, however, there is the ability to utilize the 100% affordable ED1 development standards and achieve 80-90 units on-site. PROPERTIES MUST BE SOLD TOGETHER WITH A COMBINED ASKING PRICE OF $1.995M.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26873835
List price is $1,949,000 Reduced by $46,000 on 10/13/2026
Price: $1,949,000
Beds: 18
Baths: 12
Built in 1926
7,375 sqft
0.37 acres
Lot size: 0.3723
County: Los Angeles
Zoning: LAC2
Parking description: Uncovered
MLS area: C42 - Downtown L.A.

Last Updated: 10/13/2026

 Days On Market (DOM): 57

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.000317, -118.283073.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Text Me
Call My Cell
Call My Office
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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