3501 N Figueroa St Open House Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90065
OPEN HOUSE
Sun Nov 23, 1:00pm - 4:00pm Tue Nov 25, 11:00am - 2:00pm
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,400 sqft
Price per Sqft $714
MLS Listing ID 25594805
Bedrooms 4
Year Built 1940
Lot Size 5,666 Sqft
Acres 0.1301
Property Sub-Type Multi-Family
Property Description
Looking for a smart investment in one of Los Angeles' fastest growing neighborhoods like Highland Park, Mt. Washington, Echo Park, Glassell Park, Eagle Rock, El Sereno, the Arts District, or Elysian Park? Location is everything, and while homes can always be remodeled at any time, and this duplex is positioned right in the heart of NELA's creative energy and ongoing growth close to the 5, 101, 110, 710, 2 and 10 freeways. At $1.1M you are essentially buying each unit for $550,000, a rare opportunity in today's market. With interest rates trending downward, ownership pencils out to enjoy a solid 5% cap rate while building equity and taking advantage of tax benefits. This recently remodeled and completely vacant duplex sits on a chic 5,666 square foot corner lot just minutes from York and Figueroa, with approximately 1,400 square feet of living space that includes two bedrooms and one bath in each unit. Thoughtful updates include laminate wood floors, split systems for heat and air conditioning, private fenced yards, separate entrances, dedicated laundry for each home, and one unit even captures sweeping views of the Downtown Los Angeles skyline. Designer kitchens, modern baths, and bright open floor plans make both residences feel fresh and turnkey, while lush landscaping, custom fencing, and gated parking create privacy and convenience. Set just ten minutes from Elysian Park, Dodger Stadium, Griffith Park, Downtown LA, the Arts District, Chinatown, Japantown, Atwater Village, Silver Lake, and Echo Park, this property offers easy access to the city's best dining, culture, and lifestyle. Currently both units are available for rent.
Location
State CA
County Los Angeles
Area Mt Washington
Zoning LARD2
Rooms
Other Rooms Shed(s)
Interior
Heating Combination, Central, Forced Air
Cooling Air Conditioning, Other
Equipment Dryer, Washer, Range/Oven, Refrigerator, Dishwasher
Laundry In Carport, Laundry Area
Exterior
Parking Features Gated, Parking for Guests, Driveway, Driveway - Concrete
Garage Spaces 4.0
Building
Story 1
Level or Stories One
Others
Special Listing Condition Standard