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$1,110,000
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Property Description
Exceptional Investment Opportunity - Turnkey Income Property with ADU Potential. This well-maintained multi-unit property offers the perfect blend of immediate rental income and long-term upside; great for investors and owner-users. All units are equipped with central air & heat, and updated with laminate and porcelain flooring. With separately metered water, gas, and electricity, tenants cover all utilities; the owner's responsibility is limited to common area lighting and gate power, keeping expenses low. The property is in excellent condition-completely turnkey, with no capital improvements required. Buyers can start collecting rent immediately. There is also exciting ADU potential by converting the garages in the back into additional rental units, providing future value-add income. With a high Net Operating Income and strong tenant appeal, this is truly a one-of-a-kind opportunity for both investors and owner-users. Seller is offering one vacant unit for flexible occupancy or immediate rental placement.
Full Property Details
Full Property Details for 6616 S Figueroa St
General
- Sold For: $1,110,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SR25187192
- Added to Site: 150 day(s) ago
Interior
- Fireplace(s): None
Rooms
Other Rooms
- Laundry: Gas Dryer Hookup, Laundry Chute
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Garage Spaces: 2
- Parking Features: Attached Carport, Garage
- Parking: Attached Carport, Garage
Location
- Area: C36 - Metropolitan Southwest
- County: Los Angeles
- Development Name: C36 - Metropolitan Southwest
- Driving Directions: Figueroa St. & W. 67th St.
Heating & Cooling
- Cooling Type: Central Air, ENERGY STAR Qualified Equipment
- Heating Type: Central, ENERGY STAR Qualified Equipment, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 3
- # Gas Meters: 3
- # Electric Meters: 3
Structural Information
- Foundation: Concrete Perimeter
- Windows: ENERGY STAR Qualified Windows, Insulated Windows
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 3,408
- Year Built: 2018
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.0964
- Lot Size Source: Assessor
- Zoning: LAC2
- Lot Description: 2-5 Units/Acre, Rectangular Lot, Yard
Financial Considerations
- Price Per Sq. Ft.: $325.7
- Price Per Unit: 383300
Listed by Luxury Collective, Jessica Altinoglu and Luxury Collective, Sandro Bononi
Sold by BJ Realty, Brian Jung
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Schools
Schools serving 6616 S Figueroa St
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Gil Garcetti Learning Academy 612 West 68th Street, Los Angeles, CA 90044 | K-6 | 0.2 mi |
Mary Mcleod Bethune Middle School 155 West 69th Street, Los Angeles, CA 90003 | 7-8 | 0.4 mi |
Academy For Multiligual Arts And Science At Mervyn M. Dymally High 8800 San Pedro Street, Los Angeles, CA 90003 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6616 S Figueroa St
Date
Details
Price
Change
Source
11/03/2025
Sold
$1,110,000
-3.47%
MLS
9/11/2025
Price Reduced
$1,149,900
-4.17%
MLS
8/21/2025
Listed
$1,199,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
6616 S Figueroa Street, Los Angeles, CA 90003 (MLS# SR25187192) is a Multi-Family property that was sold at $1,110,000 on November 03, 2025. Want to learn more about 6616 S Figueroa Street? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

