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$1,589,000

12021 Figueroa

Los Angeles, CA 90061

Active

1954

Year Built

Los Angeles

County

Apartment

Property Type

About this home

DEVELOPERS OPPORTUNITY - Exceptional investment in the heart of Los Angeles! This well-positioned 8-unit apartment complex at 12021 S Figueroa Street, Los Angeles, CA 90061 offers a prime location with outstanding accessibility and strong income potential. Zoning LAR3 for developers with possible increased density programs. Currently the property features a desirable unit mix of two spacious 2-bedroom, 1-bath units and six 1-bedroom, 1-bath units, appealing to a broad tenant base. The efficient layout and low-maintenance design make this an ideal asset for both seasoned investors and those looking to expand their portfolio. Situated just off bustling Figueroa Street, the property provides immediate access to public transportation, including nearby Metro lines, and is conveniently located near the 110 and 105 freeways offering seamless connectivity throughout Los Angeles. Tenants enjoy easy commuting options and proximity to major employment hubs, retail, dining, and neighborhood amenities. With stable rental demand in this high-access corridor and significant upside potential in future rents and overall income growth, this asset presents a compelling value-add opportunity. Whether you’re seeking steady cash flow, long-term appreciation, or both, this centrally located, income-producing property checks all the boxes. Don’t miss the chance to acquire a strategically located multi-unit property in one of Los Angeles’ high-demand rental corridors. 2 UNITS DELIVERED VACANT AT CLOSING.

Listed by Bruce Jung · DRE #01280563 · THE REAL ESTATE LINK

MLS #1153504354

ListedFeb 24, 2026

Property Details

Architecture

StoriesN/A

StyleN/A

Total UnitsN/A

RoofN/A

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingN/A

HeatingN/A

FireplaceN/A

LaundryN/A

Parking FeaturesN/A

Parking TotalN/A

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size0.28 ac

Lot FeaturesN/A

ViewN/A

DirectionsN/A

Community

AreaN/A

School DistrictN/A

Tax & Financial

TermsN/A

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

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Mortgage Estimate

$8,457/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 3:45 PM

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