9230 S Figueroa, Los Angeles, CA 90003

• 3,792 sqft

Property Description

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.

Listing Status:

Active

Date Added:

June 24, 2026

Data Last Updated:

June 26, 2026 at 1:19AM

Listing Office:

Equity Union : 818-989-2000

Listing Agent:

Trey Beltran : 310-975-4844

MLS ID:

SR26137338

Interior

• Laundry: None

Exterior

• Pool: None
• Parking: Parking spaces: 12

Construction

• General: 2

Location

• Originating MLS: CRMLS_CRM
• County: Los Angeles

Lot

• Zoning: 6039004006

Utilities

• Water: Public
• Sewer: Sewer Tap Paid

Financial

• Source: CRMLS_CRM