Active

3405 N Figueroa Street

Los Angeles, CA 90065
Mark as Favorite
Bed 52

Bed

Bath 0

Bath

SqFt20,188

Sqft

SqFt25,045

Sqft(Lot)

We are pleased to present the opportunity to acquire 3401-3405 N. Figueroa Street, a rare mixed use asset located in the highly sought after Cypress Park neighborhood of Los Angeles. Offered for sale for the first time since its development, the property consists of a 26 unit apartment community and two commercial spaces situated across two separate parcels, providing investors with operational flexibility and future value enhancement potential. The asset is being offered at $248,077 per unit and $319 per square foot, representing an attractive 10.37 GRM and 5.47% capitalization rate on current operations. Constructed in 1988, the residential component features an attractive unit mix of one (1) 1 Bedroom/1 Bathroom unit, twenty two (22) 2 Bedroom/1 Bathroom units, two (2) 2 Bedroom/2 Bathr oom units, and one (1) 3 Bedroom/2 Bathroom unit. The commercial component includes a restaurant space and an additional commercial suite that is currently vacant, creating an immediate lease up opportunity for a new owner. The property contains approximately 20,188 rentable square feet on a 25,045 square foot LARD2 zoned lot and benefits from two separate APNs, offering potential ownership, financing, or disposition flexibility. Additionally, the asset provides 52 parking spaces, giving each residential unit one tandem parking space. A key investment highlight is the property's 1980s construction, exempting the residential units from the City of Los Angeles Rent Stabilization Ordinance (RSO). Instead, the property is subject only to California's statewide rent control regulations under AB 1482, allowing ownership to increase rents annually by up to 5% plus CPI, subject to state guidelines. Combined with approximately 27% rental upside, a desirable unit mix, and diversified mixed use income, the offering presents an attractive opportunity for investors seeking long term growth and stable cash flow. Ideally located along the N. Figueroa Street corridor, the property is adjacent to Florence Nightingale Middle School and near a growing collection of restaurants, cafes, retail destinations, and neighborhood amenities. Cypress Park continues to experience strong demand driven by ongoing revitalization, limited supply, and increasing interest from both residents and businesses, making opportunities of this scale and quality increasingly rare.

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Detail Ic Property Details

Property Type : Residential Income

Price : $6,450,000

AD Id : 81482436

MLS Id : 26844469

Beds : 52

Lot Size : 25,045 Sqft

Living Area Size : 20,188

Year Built : 1988

County : Los Angeles

  • Map Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 52

    Bathroom Information

    Total Baths: 29 Full Baths: 0 Half Baths: 0
  • Interior Features

    Roof: Mansard Interior Features: Ceiling Fan(s) Property Appliances: Refrigerator Fireplace: None
  • Heating Source

    Wall Furnace Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1988 Building Area Total: 20,188 Roof: Mansard
  • Pool Features

    None

    Laundry Features

    None

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.575
  • Lot Size Source: Assessor Lot Size Square Feet: 25045

  • Listing Price Information

    Original List Price: 6,450,000 Listing Contract Date: 2026-05-27
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5446004002

  • Garage and Parking

    Garage Description: Garage,Tandem

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: CYPK - Cypress Park Directions: The property is located on N Figueroa St near Cypress Ave. The building is adjacent to Florence Nightingale Middle School Zoning: LARD2 Source Property Type: Residential Income Area: CYPK - Cypress Park
  • Building and Construction

    Property Age: 38 Year Built Source: Assessor Total Square Feet Living: 20188 Levels or Stories: Multi/Split
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1114 Oban Drive, Los Angeles, CA, 90065 $1,499,000 4 2 1,954 1,954 SqFt
4121 Shelburn Court, Los Angeles, CA, 90065 $1,675,000 3 -- 2,303 2,303 SqFt

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ByOwner last updated this listing 06/23/2026 @ 08:53

MLS: 26844469 LISTED BY: Tony Sameyah, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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