Situated minutes from the USC campus and downtown LA. This 18 unit apartment asset has tremendous potential to increase rents and profitability.
The property is well maintained in an area with high rental demand. Most units have been upgraded. There is ample parking and extensive upgrades to the infrastructure. Inspection subject to an accepted offer. Email listing agents for full financials. No seller financing. do not disturb tenants. Six tenants are section 8.
.
For sale
Listed by: Federal Financial • Brian Tanenbaum • Contact: 310-980-2261
$3,999,000
4240 S Figueroa St, Los Angeles, CA 90037
18beds
18baths
12,447sqft
Multi Family
Built in 1964
-- sqft lot
$-- Zestimate®
$321/sqft
$-- HOA
What's special
- 5 days |
- 39 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Brian Tanenbaum DRE #00871788 310-980-2261,
Federal Financial
Source: CRMLS,MLS#: SR26174382
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 18
- Bathrooms: 18
Rooms
- Room types: Kitchen, Primary Bedroom
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Free-Standing Range
- Laundry: Common Area
Features
- Windows: Screens
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 12,447
- Total interior livable area: 12,447 sqft
Property
Parking
- Total spaces: 36
- Parking features: Carport
- Garage spaces: 18
- Carport spaces: 7
- Covered spaces: 25
- Uncovered spaces: 11
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: FRONT
- Exterior features: Rain Gutters
- Pool features: None
- Spa features: None
- Fencing: Average Condition
- Has view: Yes
- View description: None
Lot
- Size: 0.34 Acres
- Dimensions: 15016
- Features: 0-1 Unit/Acre
Details
- Additional structures: Storage
- Parcel number: 5019028029
- Zoning: LAC2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Drywall
- Foundation: Slab, Tie Down
- Roof: Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1964
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Urban
- Security: Resident Manager
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $321/sqft
- Date on market: 8/11/2026
- Cumulative days on market: 5 days
- Listing terms: Cash to New Loan
- Tenant pays: All Utilities, Cable TV, Electricity, Gas
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$2,388/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2026 | Listed for sale | $3,999,000$321/sqft |
Source:  CRMLS #SR26174382 Report a problem | ||
| 4/17/2026 | Listing removed | $2,500 |
Source: Zillow Rentals Report a problem | ||
| 3/11/2026 | Listed for rent | $2,500 |
Source: Zillow Rentals Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: South Los Angeles
Nearby schools
GreatSchools rating
- 6/10Marguerite Poindexter Lamotte ElementaryGrades: K-5Distance: 0.4 mi
- 5/10John Muir Middle SchoolGrades: 6-8Distance: 1.5 mi
- 3/10Manual Arts Senior High SchoolGrades: 9-12Distance: 0.6 mi
- $--1 bd1 ba-- sqft4240 S Figueroa St APT 12, Los Angeles, CA 90037Off Market
- $--1 bd1 ba-- sqft4240 S Figueroa St APT 8, Los Angeles, CA 90037Off Market
- $--2 bd1 ba-- sqft4240 S Figueroa St APT 14, Los Angeles, CA 90037Off Market
- $705,5001 bd-- ba-- sqft4240 S Figueroa St APT 17, Los Angeles, CA 90037Off Market
- $--1 bd1 ba-- sqft4240 S Figueroa St APT 16, Los Angeles, CA 90037Off Market
- $--2 bd2 ba-- sqft4240 S Figueroa St APT 19, Los Angeles, CA 90037Off Market
- $--2 bd2 ba900 sqft4240 S Figueroa St #3847747, Los Angeles, CA 90037Off Market
- $--1 bd1 ba500 sqft4240 S Figueroa St #B533778, Los Angeles, CA 90037Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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