
Los Angeles, California 90065
This Value-Add Residential Asset is listed at $834,999, matching its $834,999 Fair Market Value after recent price corrections. Featuring a Condition Rating of 4, the 1918-built home requires modernization but offers a rare 7,029-square-foot lot with City Lights and Hill Views. The layout provides versatile living space via a converted garage, perfect for a home office or guest suite. Located in the Los Angeles Unified district near DTLA and USC, this property is a strategic acquisition for Value-Add Investors or First-Time Buyers looking to build equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3415 N Figueroa St Subject | $834,999* List Price | 2 | 1 | 1,028 | $812 | - |
A 3319 Thorpe Avenue Sold | $761,000 | 3 | 1 | 1,220 | $624 | 0.5 mi |
B 723 Isabel Active | $950,000 List Price | 2 | 1 | 952 | $998 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1918, this property is well-maintained but significantly outdated. The kitchen features older cabinetry, tile countertops, and aged appliances, while the bathrooms and flooring show clear signs of wear and dated styling. The use of window AC units and older light fixtures indicates that major systems have not been recently modernized. While the home is functional and livable, it requires cosmetic updates and likely system overhauls to meet contemporary standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7029, living area = 1028.
Situated in the rapidly appreciating Cypress Park neighborhood, the property offers exceptional proximity to DTLA, USC, and Dodger Stadium, providing high convenience for commuters and students.
The inclusion of a converted garage alongside the main bedrooms offers significant flexibility for a home office, guest suite, or creative studio, maximizing the utility of the square footage.
Built in 1918, the property likely requires substantial updates to its core systems and structural elements to meet modern standards and efficiency.
A history of five consecutive price reductions from the original $950,000 listing price suggests initial overvaluation or potential buyer concerns regarding the property's condition relative to its cost.
Welcome to 3415 North Figueroa Street! Fantastic opportunity to own a home in a highly desirable area of Los Angeles. Just minutes from USC, Dodger Stadium, Downtown LA, close access to main freeways, this property offers exceptional convenience and accessibility. This home features 3 bedrooms, 2 bathrooms, plus an additional converted garage—perfect for extra living space, office, or guest area. Enjoy a spacious patio, ideal for entertaining and outdoor relaxation, along with parking for multiple vehicles. This home is perfect for first time home buyers, students, or anyone seeking a property near one of Los Angeles’ most vibrant neighborhoods. Walking distance to shops, restaurants, and public transportation, and just a short drive to parks, museums, and entertainment venues. Don’t miss this opportunity to own a prime piece of real estate in one of LA’s fastest-growing communities!
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 26% |
| Baths | 1.0 | 2.5 | 17% |
| Square foot | 1,028 | 1,660.5 | 16% |
| Lot Size | 7,029 | 5,796.5 | 69% |
| Price | $835.0K | $1.24M | 13% |
| Price per sq ft | $812 | $766 | 56% |
| Built year | 1918 | 1951 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 219 | 174 | 78% |
Feb 21, 2026
$834,999
$849,900
-2% Price Drop
Initial Listing
Jan 8, 2026
$849,900
$899,000
-5% Price Drop
Initial Listing
Nov 12, 2025
$899,000
$925,000
-3% Price Drop
Initial Listing
Oct 17, 2025
$925,000
$950,000
-3% Price Drop
Initial Listing
Sep 15, 2025
$950,000
Initial Listing
Jul 20, 2009
$215,000
Public Record