3531 N Figueroa, Los Angeles, California 90065, Los Angeles, 90065 - 4 bed, 2 bath
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Los Angeles, California 90065
This 1905 Craftsman represents a High-Potential Investment Opportunity, listed at $749,000—positioned well above the $682,523 Fair Market Value by -9%. Featuring LARD2 Zoning and capacity for 2,500 sq. ft. in ADUs, the property offers significant value-add potential despite its Condition Rating of 5. Located in a rapidly transforming NELA corridor, this asset provides a strategic canvas for modernization. It is an ideal acquisition for Buy-and-Hold Investors or Contractors focused on long-term equity growth through development and restoration.
1905 Craftsman in Los Angeles with LARD2 zoning and ADU potential. Prime NELA investment opportunity near Figueroa corridor. Ideal for investors and contractors.
Property is extensive renovation needed.
Built in 1905, this property is marketed as an investment opportunity requiring significant modernization and restoration. The description highlights original features and a need for creativity, implying that the kitchen, bathrooms, and major systems (HVAC/Electric) are likely outdated and exceed the 30-50 year threshold for a full rehab.
The LARD2 zoning and capacity for up to 2,500 additional square feet in ADUs offer significant value-add opportunities for investors or those seeking a multi-generational compound.
Situated in a rapidly transforming pocket of Northeast LA, the property boasts excellent walkability to the Figueroa corridor's shops and cafes, plus easy access to the Gold Line and DTLA.
This 1905 Craftsman retains sought-after original details like hardwood floors and built-in shelving, providing a charming canvas for a high-end restoration.
As a 1900s-era investment property, it likely requires substantial capital improvement to update aging systems and finishes to contemporary standards.
The 3,431 sq. ft. lot is relatively small, meaning that maximizing the ADU potential will significantly limit remaining outdoor yard space.
Welcome to 3531 N. Figueroa Street, an incredible investment opportunity in one of Northeast LA’s most rapidly transforming neighborhoods. This 1905 Craftsman-style home is zoned LARD2 and City Planning allows for up to 2500 additional square feet in potential ADUs on the lot. This location is superb, and puts you within easy reach of everything NELA has to offer! With a spacious 1,401 sq. ft. of living space, the home features original hardwood floors, charming built-in shelving, and a functional and logical layout that invites creativity and modernization for its next owner. There is a long private driveway for easy, guaranteed parking, a fruitful avocado tree and a large basement that can be utilized for tons of extra storage. This home puts you just a short walk or quick drive away from everything Mount Washington has to offer, including hiking trails, beautiful urban parks and even a world-renowned meditation center. You’re also steps from the emerging Figueroa corridor, known for its growing lineup of coffee houses, restaurants, and art spaces, as well as easy access to the 110, Gold Line train and, of course, DTLA. This stretch of Northeast LA continues to transform by the day! Are you ready to be a part of Los Angeles’s next great revival? Whether you’re envisioning a restored Craftsman gem, a family compound or a superb urban investment, check out 3531 N Fig before you miss out!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,401 | 1,672 |
| Lot Size | 3,431 | 6,067 |
| Price | $749.0K | $1.37M |
| Price per sq ft | $535 | $801 |
| Built year | 1905 | 1939 |
| HOA | $0 | $348 |
| Days on market | 0 | 56 |
Jun 15, 2026
$749,000
Initial Listing
Oct 14, 2004
$210,000
Public Record