8307 S. Figueroa Street-a rare, non-RSO 9-unit multifamily offering located in the high-demand Vermont Knolls neighborhood of South Los Angeles. Constructed in 1991 and newly painted, this three-story building spans 7,584 square feet of rentable space and sits on a 7,499 square-foot lot zoned LAC2-1VL-CPIO with a Tier 2 TOC designation. The unit mix consists entirely of spacious two-bedroom units, including eight -2 bed/1-bath and one 2-bed/1.5-bath layout. The property is 100% occupied, with an average rent of $2,154 per unit and approximately 25% upside potential. Investors benefit from favorable rent control regulations allowing annual increases of 5% + CPI (currently 8.9%, capped at 10%). Each unit is separately metered for gas and electricity and includes its own water heater, minimizing landlord expenses, which are limited to water, common-area electricity, and trash. The building features secure gated access and 18 covered parking spaces-two per unit-which are exempt from seismic retrofit requirements. Strategically positioned near the 10 and 110 Freeways and within proximity to theCrenshaw/LAX rail lines, the property offers exceptional accessibility to Downtown LA, Culver City, Santa Monica, and the South Bay.
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DAYS ON MARKET
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12
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LAST UPDATED
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5/27/2025
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YEAR BUILT
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1991
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COMMUNITY
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C36 - Metropolitan Southwest
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COUNTY
|
Los Angeles
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STATUS
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Active
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PROPERTY TYPE(S)
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Residential Income
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| APPLIANCES |
Refrigerator |
| AREA |
C36 - Metropolitan Southwest |
| HEAT |
Central |
| LOT |
7501 sq ft |
| PARKING |
Covered |
| STORIES |
3+ |
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/7/25 2:12 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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