9230 S Figueroa
Los Angeles, CA 90003
8
Bed
5
Bath
3,792Sqft
5,550Sqft(Lot)
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 gro
Property Details
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Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1957Building Area Total: 3792Stories: 2Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 5550 Lot Size Acres: 0.1274 Lot Size Source: Assessor Lot Size Square Feet: 5,550 Lot Description: 0-1 Unit/Acre
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Listing Price Information
Listing Price: $999000Cash, Cash to Existing Loan, Cash to New Loan, Conventional, VA Loan
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Tax Information
Parcel Number: 6039004006 Tax Lot: 6
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Parking Information
Parking Total: 12Garage Information
Has Garage: Yes Garage Space: 6
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Location Information
Direction: From 110 Exit 92nd St. Head West on 92nd St Turn Left on South Figueroa St. Property is on Right between W 92nd St and W Colden Ave. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 426 E 59th, Los Angeles, CA, 90003 | $1,700,000 | 8 | 5 | 3,117 | 3,117 SqFt |
| 424 E 61st, Los Angeles, CA, 90003 | $780,000 | 4 | 3 | -- | |
| 339 E 65th, Los Angeles, CA, 90003 | $694,000 | 4 | 2 | 1,452 | 1,452 SqFt |
| 232 E Gage, Los Angeles, CA, 90003 | $1,700,000 | 13 | 12 | -- | |
| 138 E 60th Street, Los Angeles, CA, 90003 | $889,000 | 6 | 2 | -- | |
| 8315 Avalon, Los Angeles, CA, 90003 | $1,199,997 | 8 | 6 | 3,580 | 3,580 SqFt |
| 122 E Gage, Los Angeles, CA, 90003 | $700,000 | 3 | -- | -- | |
| 336 338 E 79th, Los Angeles, CA, 90003 | $1,300,000 | 10 | 6 | -- | |
| 7607 S San Pedro, Los Angeles, CA, 90003 | $840,000 | 4 | 3 | 2,522 | 2,522 SqFt |
| 344 342 E 81st, Los Angeles, CA, 90003 | $795,000 | 4 | 2 | -- |
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Nearby For Sale
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ByOwner last updated this listing 08/26/2026 @ 10:09
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