3830 S Figueroa Street, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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3830 S Figueroa Street
Los Angeles, California 90037
ACTIVE
CONDITION: POOR
0Beds
0Baths
3,584Sq Ft
7,010Lot Size
Property Price
LIST PRICE$2,000,000
EST. MARKET VALUE
$1,884,300
6% AboveMARKET VALUE
SUMMARY
This triplex presents a High-Potential Investment Opportunity with a List Price of $2,000,000—positioned above the $1,884,300 Fair Market Value. While the property requires significant capital improvements due to its Condition Rating of 5, the LAC2 Zoning and vacant status provide immediate flexibility for redevelopment or market-rate leasing. Located in a high-demand corridor near USC and Exposition Park, this asset offers substantial upside for Buy-and-Hold Investors or Residential Developers seeking to capitalize on the area's growth and density potential.
Estimated Market Value
$1,884,300
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3830 S Figueroa Street Subject | $2,000,000* List Price | 0 | 0 | 3,584 | $526 | - |
A 725 W 41st Active | $1,599,999 List Price | 0 | 0 | 3,268 | $490 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1923 with no evidence of recent renovations. The interior shows significant signs of deferred maintenance, including visible water damage and peeling paint on ceilings, dated kitchen and bathrooms with 30+ year old fixtures, and aging wall-mounted heating systems. The property requires a comprehensive rehabilitation to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Unbeatable Location
Situated directly across from BMO Stadium, the Coliseum, and the Exposition Park museum hub, and within walking distance to USC, providing massive demand for student or short-term housing.
- Delivered Vacant
The property is sold with no tenants in place, allowing the new owner to immediately set market-rate rents and avoid the legal complexities of tenant relocation under LA rent control.
- Development Potential
Zoned LAC2 on a generous 7,010 sqft lot, this property offers significant upside for commercial use or higher-density residential redevelopment in a high-growth corridor.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1923, the property likely requires significant capital improvements to modernize electrical, plumbing, and HVAC systems to meet current standards and tenant expectations.
- High Entry Price
At a $2 million valuation for a triplex, the initial cap rate may be lower than average, requiring a sophisticated investment strategy or redevelopment to achieve a strong return on investment.
About 3830 S Figueroa Street
**Prime Investment Opportunity at 3830 S. Figueroa St. Los Angeles, CA 90037** Discover this exceptional three-unit property in a highly desirable location. The upstairs unit features a spacious 3-bedroom, 1-bathroom layout, while the downstairs two units each provide 1-bedroom and 1-bathroom. This property is equipped with four car garage, three gas meters, three electrical meters, and one water meter. All units include inside laundry hookups. Zoned LAC2. There are NO tenants at the property, none of the units are rented. The location is unbeatable, situated across from BMO Stadium, Expo Center, Los Angeles Memorial Coliseum, Natural History Museum, California African American Museum, California Science Center, and Lucas Museum Narrative Art, plus walking distance to University of Southern California.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1923
- Lot Size
- 7,010 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,584 | 2,187.451 |
| Lot Size | 7,010 | 5,841.385 |
| Price | $2.00M | $841.5K |
| Price per sq ft | $558 | $385 |
| Built year | 1923 | 1928 |
| HOA | $0 | $0 |
| Days on market | 37 | 85 |
Pricing History
Listed for Sale
Aug 4, 2026
$2,000,000
Initial Listing
Price Change
Aug 3, 2026
$200,000,000
Initial Listing