Rent report generated Jan 7, 2025
The Rent Potential of
1053 Figueroa Ter Los Angeles, CA 90012
is $16,958 – $23,864/mo.
Rent Advice
This property, strategically located in Los Angeles' Victor Heights, offers 5 units with a total of 14 bedrooms. Based on the provided rent potential range ($16,958 to $23,864 monthly), annual revenue could range from approximately $203K to $286K. With a stable market and neighborhood development, the estimated payback period is promising. The property boasts modern features and city views, enhancing rental appeal, though the presence of rent control could pose a challenge.
To increase property value, consider updating interiors and possibly converting spaces into additional units (ADUs). For owners contemplating selling, highlighting the property's location near key Los Angeles attractions and potential for rental income growth could attract buyers. Updating the exterior and enhancing shared spaces can also improve appeal and justify higher rents.
What's Next?
Generate another report to compare more investment options.
Generate the Sell Potential of this home.
See what you could sell for based on similar properties.
Search for another property
Enter any address...
The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.