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Real Estate Listing at 1053 Figueroa Terrace, Los Angeles, CA, 90012 from The Knight Group LA

1053 Figueroa Terrace, Los Angeles, CA, 90012

The Knight Group LA
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$1,999,800
8 Days On Site

1053 Figueroa Terrace
Los Angeles, CA 90012

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
7,658
SqFt
$261
/SqFt
1992
Built
County:
Los Angeles
Listed by YAN CHOW of RE/MAX PREMIER/SANMARINO [email protected]
Call Now: 503.200.4823
Is this the home for you? We can help make it yours.
503.200.4823
1053 Figueroa Terrace1053 Figueroa Terrace1053 Figueroa Terrace1053 Figueroa Terrace
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Monthly Payment (Est.)

$9,124
Calculator powered by Showcase IDX. Copyright ©2025 Information is deemed reliable but not guaranteed.

Presenting a rare opportunity to own this attractive 1992 custom-built 5-units, with a large and private townhouse style owner’s front unit with city views & a 2-car attached garage with direct access to the unit. Stable and below market income with plenty of upside potential and possibility to convert some space to ADU’s for additional income. Buyer to investigate feasibility, seller makes no guarantees and no warranties.Located close to iconic Chinatown, booming Echo Park and Silverlake areas of DTLA, and near several freeway access and rapid transit routes. Trendy and strong rental market. Major employers including USC, Dodgers Stadium, Good Samaritan Hospital, and the Los Angeles Fashion and Arts Districts, and many more. It is also near the Music Center, Disney Concert Hall, Broad Museum and other downtown attractions. This property offers an excellent opportunity for the discerning homeowner or investors to secure a true value-added asset in a highly coveted area. Surrounding neighborhood boasts large future development projects and many existing condominiums valued at $1 million or more. Comprising three stories with a total building size of 7,658 square feet per assessor, all units are spacious and the apartment complex boasts a desirable unit mix including the owner’s unit measured approx. 2,641sq ft. (with new paint and carpet throughout) with 3-bedroom, 3.5-bathroom with an office/den (could be a 4th bedroom), two walk-in closets, large recreation room, laundry room, and ample storage rooms. The remaining four units is an ideal mix of two spacious 3-bedroom, 2-bathroom units and two good-sized 2-bedroom, 1-bathroom units. Each unit has individual water heaters, and separate metering for gas and electricity. All 4 units are occupied by tenants on month-to-month leases. Rent comparable reports indicate a positive upside and added investment potential. Property is not under city rent control ordinance (RSO), but subject to State Rent Control & just caused ordinance (JCO). Buyer to investigate.Ample parking includes 3 covered spaces, 5 open parking spaces and owner unit 2 car attached garage. Residents benefit from an array of culinary delights, cultural experiences, and artistic exhibitions for all. Now is the time to seize this exceptional offering in one of Los Angeles' most dynamic and sought-after neighborhoods.

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Listing Snapshot
Price 
$1,999,800
Days On Site 
8 Days
Bedrooms 
N/A
Inside Area (SqFt) 
7,658 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1705 Acres
Year Built 
1992
MLS® Number 
WS24254754
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoStatus changed to Active
a week agoListing updated with changes from the MLS®
a week agoListing first seen on site
General Features
Acres 
0.1705
Carport 
3
Direction Faces 
South
Disclosures 
Rent Control
Garage 
Yes
Garage Spaces 
2
Number Of Stories 
3
Parking 
Attached CarportAssignedConcreteCoveredCarportDetached CarportDirect AccessGarage Faces FrontGarageOn SitePaved
Parking Spaces 
10
Property Sub Type 
Apartment
Security 
Carbon Monoxide Detector(s)Fire Sprinkler SystemSmoke Detector(s)Window Bars
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
7658
Style 
Custom
Utilities 
Natural Gas AvailableElectricity AvailableNatural Gas ConnectedSewer ConnectedWater Available
Water Source 
Public
Zoning 
LARD1.5
Interior Features
Appliances 
RangeDishwasherFree-Standing RangeDisposalRange HoodWater Heater
Cooling 
Fireplace Features 
None
Flooring 
CarpetLaminateTileVinyl
Heating 
CentralWall Furnace
Interior 
StorageWalk-In Closet(s)
Laundry Features 
Inside
Window Features 
ScreensSkylight(s)
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Exterior Features
Exterior 
BalconyRain Gutters
Lot Features 
Rectangular Lot
Other Structures 
Storage
Pool Features 
None
Roof 
FlatMixedShingleTile
Spa Features 
None
View 
CityCity LightsNeighborhood
Waterview 
CityCity LightsNeighborhood
Windows/Doors 
ScreensSkylight(s)
Community Features
Building Access 
front
Community Features 
Street LightsSidewalks
Financing Terms Available 
CashConventional
MLS Area 
C21 - Silver Lake - Echo Park
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This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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