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3501 N Figueroa ST Los Angeles, CA 90065
4 Beds
2 Baths
1,400 SqFt
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,400 sqft
Price per Sqft $714
MLS Listing ID 26634315
Bedrooms 4
HOA Y/N No
Year Built 1940
Lot Size 5,702 Sqft
Property Description
Exceptional Duplex on Oversized Corner Lot in Prime NELA! This rare opportunity to own a well-located duplex on one of the largest corner parcel lots in the neighborhood, offering approximately 5,700 sq ft of land, significantly larger than the area average of approximately 4,300 sq ft. Each unit is approximately 700 sq ft with each residence offering two bedrooms and one bath, a dedicated laundry area with its own washer and dryer, and a thoughtfully designed kitchen with its own refined, contemporary aesthetic flexible property presents multiple ownership and income strategies, including the potential to add an ADU and/or additional structures. Situated in the heart of Northeast Los Angeles' creative and rapidly evolving corridor, the property offers excellent proximity to the 5, 101, 110, 710, 2, and 10 freeways, providing convenient access throughout Los Angeles. Offered at $1,000,000, this property represents a compelling value at approximately $500,000 per unit, a rare find in today's market. With interest rates trending downward, ownership can pencil favorably with an estimated 5% cap rate, while offering long-term equity growth and potential tax advantages. Both units are delivered vacant, allowing for maximum flexibility. Live in one unit and rent the other, lease both units for income, or explore the possibility of connecting the units to create a larger single-family residence at the base of Mount Washington. The oversized lot may also accommodate the addition of a carport or ADU, ideal for extended family or supplemental rental income. Property features include laminate wood flooring, split systems for heating and air conditioning, private fenced yards, and separate private entrances. One unit enjoys expansive views of the Downtown Los Angeles skyline. Updated kitchens, plumbing and modern baths complement bright, open floor plans that feel fresh and move-in ready. Exterior highlights include lush landscaping, custom fencing, and gated parking, offering privacy, functionality, and curb appeal. Conveniently located near Elysian Park, Highland Park, Dodger Stadium, Griffith Park, Downtown Los Angeles, the Arts District, Chinatown, Japantown, Atwater Village, Silver Lake, and Echo Park, with nearby access to Metro rail lines serving DTLA to Santa Monica to Long Beach. This property offers an exceptional combination of location, flexibility, income potential, and long-term value in one of Los Angeles' most desirable neighborhoods.
Location
State CA
County Los Angeles
Area 680 - Mount Washington
Zoning LARD2
Rooms
Other Rooms Shed(s)
Interior
Heating Combination, Central, Forced Air
Fireplace No
Appliance Dishwasher, Refrigerator, Dryer, Washer
Laundry In Carport
Exterior
Parking Features Concrete, Driveway, Guest, Gated
Total Parking Spaces 4
Building
Story 1
Entry Level One
Level or Stories One
Additional Building Shed(s)
New Construction No
Others
Senior Community No
Tax ID 5446003016
Special Listing Condition Standard
Listed by Eddie Arnez Keller Williams Studio City
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