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$6,450,000
52 Beds ⋅ 29 Baths ⋅ 26844469 MLS ⋅ Pending Status
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 Bathroom 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.

3405 N Figueroa Street, Los Angeles
$1,800,000
26641327 MLS ⋅ Active Under Contract Status
PRICE REDUCED! We are proud to present for sale a 78-Unit Ready-to-Issue 100% Affordable Project in Cypress Park, near Dodger Stadium and Mount Washington. The property is in an Opportunity Zone. The Project consists of 78 One-Bedroom units and includes around 32,325 SF of rentable square footage. The mostly-stacked 5-story design will streamline construction, with the Type III design helping to keep costs down. The design includes an elevator, a bicycle room, trash chutes, fire sprinklers and a tenant-accessible roof, which will look over all neighboring properties in this low-rise neighborhood. Around the corner from the Heritage Square Blue (A) Line Metro Station, your future Tenants will have less than a five minute walk to catch a train to Downtown's Union Station, with access to most of the City, or take the train north and stop in Highland Park, Pasadena, or continue east through the San Gabriel Valley! This sought-after area will provide your tenants with anything they need from Supermarkets to restaurants, to Home Depot, coffee shops, nightlife, easy access to two separate bicycle paths (Arroyo Seco and LA River), Dodger Stadium, Metro Lightrail, Highland Park, Frogtown, Chinatown and DTLA, among others. Walk Score calls this area Very Walkable, with Good Transit and Bikeable. The 11,139 SF Lot is zoned RD2-1-CDO, Tier 3 TOC, with currently-allowed Section 8 rents up to $2,289. This property is located about half a mile to the just-finished Studio 34 Apartment Campus "A34", which should have an outsized impact on the neighborhood. The current structures have been Ellis'd and will be delivered vacant.

3526 Arroyo Seco Avenue, Los Angeles
$1,150,000
PV26034273 MLS ⋅ Pending Status
Great Investment Opportunity – 8 Units in Prime Los Angeles Location. Presenting 2626 Idell Street – a rare opportunity to acquire an 8-unit multifamily property in the heart of Los Angeles, with potential to convert the garages into an ADU. This well-situated complex offers strong rental income potential and is ideal for investors looking to expand their portfolio in a high-demand rental market. Conveniently located near major freeways, public transportation, shops, and dining, the property boasts excellent accessibility for tenants. Each unit features a functional layout, with steady upside for future improvements and rent growth.

2626 Idell Street, Los Angeles
$1,050,000
2 Beds ⋅ 1 Baths ⋅ SR24183933 MLS ⋅ Active Under Contract Status
First time on the market in over 80+ years. Great Frogtown/Elysian Valley Investor Opportunity - other adjoining properties are listed as well under different listings- making the whole corner available. There is so much opportunity here. This area is a great artist area, beautiful revitalization underway, Dodger Stadium adjacent, close to the freeway, cute and quaint restaurants, trails, and so much more! Currently there is a cute little 2 bed, 1 bath single family residence on corner lot. So many opportunities for this lot.

2723 Pirtle Street, Los Angeles
$999,000
DW26163548 MLS ⋅ Pending Status
3 VACANT UNITS Prime Investment Opportunity (FHA 203k loan is welcomed) in Cypress Park Presenting an exceptional vacant triplex in the heart of Cypress Park, one of Los Angeles’ hottest and fastest-growing neighborhoods. This rare gem, located in the coveted 90065 zip code of Northern East LA (NELA), offers a unique and versatile investment opportunity. The property features two 1-bedroom, 1-bathroom units and one spacious 3-bedroom, 2-bathroom unit. All units are currently vacant, providing immediate and unhindered access for potential investors or developers. The absence of the Rent Stabilization Ordinance (RSO) means you can set your rental rates without the constraints of rent control, allowing for maximum rental income potential. This property is a dream for investors looking to buy and hold, developers aiming to demolish and build new constructions, or multiple families wishing to purchase together. Imagine the possibilities: modern luxury apartments, stylish condos, or even a communal living space tailored to suit today’s lifestyle needs.

2677 Roseview, Los Angeles

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.