3501 N Figueroa Street, Los Angeles, California 90065, Los Angeles, 90065 - 0 bed, 0 bath
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Los Angeles, California 90065
This High-Potential Investment Opportunity is a Turnkey Duplex listed at $948,000, positioned well below the $1,118,176 Fair Market Value by 15%. This valuation gap provides $170,176 in Instant Equity. Featuring a Mint Condition Rating, the property includes modern upgrades like copper plumbing and mini-split HVAC. With $6,000 in monthly gross income and private outdoor spaces, this asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield, low-maintenance property in a prime Los Angeles location.
Property is new construction or fully renovated.
While originally built in 1940, the property has undergone a comprehensive recent renovation (likely within the last 5 years) including remodeled kitchens with quartz countertops and updated bathrooms. Major systems have been modernized with a newer roof, copper plumbing, upgraded electrical panels, and mini-split HVAC systems, meeting the criteria for mint condition with no immediate maintenance required.
The property generates a robust $6,000 monthly gross income from two fully leased units, providing immediate cash flow and a solid cap rate for investors in a high-demand area.
Extensive recent renovations including a newer roof, copper plumbing, upgraded electrical, and remodeled kitchens and bathrooms ensure low immediate maintenance costs for the new owner.
Situated on a gated corner lot, each unit features its own fenced yard and private entrance, a rare and highly desirable amenity for multi-family tenants that commands premium rents.
Fronting North Figueroa Street, a major thoroughfare, the property is subject to significant traffic noise and activity, which may impact long-term tenant retention or owner-occupant appeal.
With only 1,373 total square feet for two 2-bedroom residences, the individual units are relatively small, which could limit the demographic of future tenants or affect future resale value.
Nestled on a gated corner lot in the heart of Northeast Los Angeles, this fully leased duplex blends strong rental income with thoughtful updates and exceptional outdoor living. Generating $6,000 per month in gross rental income, with the front unit leased at $2,800 per month and the rear garden unit leased at $3,200 per month, the property consists of two 2-bedroom, 1-bath residences, each offering a private entrance, its own laundry area, fenced yard space, and abundant off-street parking. Recent improvements include a newer roof, copper plumbing, dual-pane windows, upgraded electrical panels, mini-split heating and air conditioning systems, recent interior and exterior paint, and extensive landscaping and hardscape enhancements. Both residences feature bright interiors, remodeled kitchens with quartz countertops and new fixtures, remodeled bathrooms with new fixtures, and private outdoor spaces designed for everyday living and entertaining. Ideally positioned near Highland Park, Mount Washington, Downtown Los Angeles, Elysian Park, Dodger Stadium, and major transportation corridors, this turnkey investment opportunity offers strong in-place income, privacy, and long-term upside in one of Northeast LA's most desirable neighborhoods.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.7 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,373 | 2,250 |
| Lot Size | 5,664 | 5,864 |
| Price | $948.0K | $826.7K |
| Price per sq ft | $690 | $395 |
| Built year | 1940 | 1925 |
| HOA | $0 | $0 |
| Days on market | 33 | 83 |
Jun 19, 2026
$948,000
Initial Listing
May 26, 2021
$986,000
Public Record
Jan 25, 2021
$695,000
Public Record
Aug 20, 2009
$260,000
Public Record
Sep 15, 2005
$540,000
Public Record