Pending

3405 N Figueroa Street

Los Angeles, CA 90065
Mark as Favorite
Bed 52

Bed

Bath 29

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 : ResidentialIncome

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

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Feature Features

  • Bedroom Information

    Total beds: 52

    Bathroom Information

    Total Baths: 29

    Roofing Information

    Mansard
  • Interior Features

    CeilingFans
    Roof: Mansard
    Appliances: Refrigerator
    Laundry Features: None
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace

  • Building Information

    Year Built: 1988
    Building Area Total: 20188
    Pool Features: None
    Private Pool: No
    View: CityLights

  • Lot Information

    Main Square Feet: 25045 Lot Size Acres: 0.575 Lot Size Source: Assessor Lot Size Square Feet: 25,045

  • Listing Price Information

    Listing Price: $6450000

  • Tax Information

    Parcel Number: 5446004002

  • Location Information

    Direction: The property is located on N Figueroa St near Cypress Ave. The building is adjacent to Florence Nightingale Middle School
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601 W Avenue 46, Los Angeles, CA, 90065 $1,798,000 4 3 2,681 6,048 Sqft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/11/2026 @ 02:38

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

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