The Figueroa Apartments 7427 S Figueroa St 8 Unit Apartment Building $1,840,690 CAD ($230,086 CAD/Unit) 7.47% Cap Rate Los Angeles, CA 90003

Sean Nami is proud to present an 8-unit investment and value-add opportunity located in the heart of South Los Angeles, offering investors strong in-place cash flow with additional upside potential in one of LA’s steadily improving rental markets. Offered at an attractive 7.47% CAP rate and 8.2 GRM, this well-positioned asset presents an excellent opportunity for both seasoned and first-time multifamily investors seeking long-term appreciation and income growth.
Constructed in 1961, the property is situated on a desirable corner lot with gated access, providing added security and privacy for tenants. The building features a highly desirable unit mix consisting of (4) one-bedroom units and (4) two-bedroom units, catering to a broad tenant base and maintaining strong rental demand. The property also includes on-site parking, a valuable amenity in the dense South Los Angeles market.
The asset benefits from a prime location with convenient access to major employment centers, entertainment destinations, and public transportation. Residents are within a short drive to popular destinations including Exposition Park, Downtown Los Angeles, USC, BMO Stadium, Crypto.com Arena, and the rapidly expanding entertainment and cultural hubs throughout Central Los Angeles. Additionally, the property is located near the Metro A Line, providing efficient transit access throughout the city and increasing tenant appeal for commuters.
South Los Angeles continues to experience significant investor interest and neighborhood transformation fueled by increasing rental demand, ongoing infrastructure improvements, and new residential and mixed-use development projects. Investors and developers are making stronger commitments to the area as housing demand remains high due to the central location and accessibility to major economic corridors across Los Angeles County.
This property presents an ideal opportunity to capture stable current income while implementing strategic improvements to increase rental revenue over time. With strong market fundamentals, a functional unit mix, gated parking, and proximity to major destinations and transit options, this South Los Angeles multifamily asset offers an attractive combination of cash flow, rental upside, and long-term growth potential.