NOT LISTED FOR SALE

860 Figueroa Terrace Los Angeles, CA 90012

Chinatown Neighborhood
14 Beds
9 Baths
5,954 Sq Ft
6,742 Sq Ft Lot

Last Sold July 20, 2016

Last sale price $1,150,000 $193 Per Sq Ft

45 Days on Market

About This Home

As of July 2016

Located in LA's Chinatown neighborhood, just north of DTLA and less than 1 mi from the Metro Gold Line's Union Station. With it's rich history and many lively events and attractions, Chinatown is an emerging market with major development projects, such as the 32 Acre Los Angeles State Historic Park Project and mega mixed-use College Station complex, happening in the immediate area. Units feature hardwood or laminate wood flooring. Separately metered for gas and electric, this building also offers 5 overhanging storage units, as well as, on-site laundry facilities that provides additional income. The property also features on-site The property also features on-site parking, 5 carports spaces and 1 two-car garage.car garage.This asset provides an investor with not only a value-add opportunity that can yield significant rental upside, but also an rare opportunity to acquire a property in a desirable market with minimal available inventory.

Last Agent to Sell the Property

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 05/06/2016

Last Buyer's Agent

HELEN FANN

License #01466527

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 6,742 Sq Ft Lot

Interior Spaces

  • 5,954 Sq Ft Home
  • 3-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 9 Bathrooms

Parking

  • 7 Parking Spaces
  • Attached Carport

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 5406-028-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5954
  • Stories: 3
  • Year Built: 1970
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 14
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 9.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 209.94

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Carport Attached, Garage - 2 Car
  • Total Parking: 7

Lot Info

  • Assessed Improvement Value: 271025
  • Assessed Land Value: 108404
  • Assessor Parcel Number: 5406-028-007
  • Geocode Override: No
  • Lot Size Area: 6742

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.55
  • Number Of Units: 7
  • Total Annual Expense: 43315
  • Type Of Units: Apartments
  • Vacancy Rate: 2.6%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2016 07/20/16 Sold $1,150,000 -8.0% $193 / Sq Ft
06/20/2016 06/20/16 Pending -- -- --
06/08/2016 06/08/16 For Sale $1,250,000 0.0% $210 / Sq Ft
06/08/2016 06/08/16 Price Changed $1,250,000 -5.7% $210 / Sq Ft
05/16/2016 05/16/16 Pending -- -- --
05/06/2016 05/06/16 For Sale $1,325,000 -- $223 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2016

    Neema Ahadian

    Marcus & Millichap

    (213) 943-1800

    93 Total Sales

    Neema Ahadian
    Section Image

  • H

    Buyer's Agent in 2016

    HELEN FANN

See All Agents

Map

Source: The MLS

MLS Number: 16-122772

The MLS
California Los Angeles County Los Angeles 90012 Chinatown

860 Figueroa Terrace, Los Angeles, CA

This home is located at 860 Figueroa Terrace, Los Angeles, CA 90012 since 06 May 2016. This property was built in 1970. 860 Figueroa Terrace is a home located in Los Angeles County with nearby schools including Castelar Elementary School, Florence Nightingale Middle, and Ramón C. Cortines School of Visual and Performing Arts.

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