3830 S Figueroa Street, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This Strategic Multi-Family Development Asset is listed at $2,000,000, representing a market-aligned entry for its high-utility location despite the $1,879,008 Fair Market Value. With a Condition Rating of 4, the 1923 triplex is a prime candidate for modernization or redevelopment leveraging its LAC2 Zoning and 7,010 SqFt Lot. Positioned steps from USC, BMO Stadium, and the Metro Expo Line, the property generates unique cash flow via two on-site advertising signs. This is an ideal play for Buy-and-Hold Investors or Developers looking to capitalize on the area's rapid revitalization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3830 S Figueroa Street Subject | $2,000,000* List Price | 0 | 0 | 3,584 | $524 | - |
A 620 W 41st Active | $1,725,000 List Price | 0 | 0 | 3,872 | $446 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1923, this triplex is functional and currently owner-occupied, but it shows significant signs of age and lacks modern updates. The kitchen and bathrooms feature outdated cabinetry, older appliances, and basic fixtures. The absence of air conditioning and the presence of century-old infrastructure suggest the property has been maintained through regular upkeep rather than comprehensive renovation, making it a candidate for modernization to meet current market standards.
Zoned LAC2 and situated directly across from BMO Stadium and the upcoming Lucas Museum, this property offers exceptional long-term value for developers looking to capitalize on the area's rapid revitalization.
In addition to the three residential units, the property includes two commercial advertising signs that generate immediate monthly income, providing a unique and diversified cash flow for investors.
Located within walking distance of the University of Southern California (USC) and the Metro Expo Line, the property is perfectly positioned to capture high demand from the student and commuter rental markets.
None of the units are equipped with air conditioning, a significant drawback in the Los Angeles climate that may necessitate immediate capital expenditure to attract and retain quality tenants.
Built in 1923, the property features century-old construction with shared water metering, which may lead to higher maintenance costs and complexities in managing utility expenses across units.
Multi-Family 3-Unit. Located in a prime Location nearby Downtown LA. This is an outstanding opportunity for an investor or a developer. This property is located across from the BMO Stadium, The Lucas museum of Narrative Art, that will open in 2026. Natural History Museum, Rose Garden and Science Center. Also is nearby Metro Expo Line, walking distance to the University Of Southern California and 110 Freeway. Zoning regulation is LAC2, suitable for future potential development. The rental market in this area has tremendous upside. The 3-Units consist of 3 addresses 3830, 3830 1/2, and 3832. Has 3-bedrooms and 2-bathrooms upstairs and 2 units down stairs with 1-bedroom and 1-bathroom each. The upstairs unit is the only one that has a separate private entry & exit area through back which leads to the garages and open parking area. Has 3 gas meters, 3 electrical meters and 1 water meter. All the units don't have air condition. There is a 4-car garage in the back yard. All units have inside laundry hook ups. All the units are occupied by the owners, therefore there is no operating expenses and income information on the MLS. There are 2 commercial advertising signs in front of this property that produces a monthly income.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,584 | 2,012 | 74% |
| Lot Size | 7,010 | 5,461 | 84% |
| Price | $2.00M | $940.0K | 95% |
| Price per sq ft | $558 | $392 | 84% |
| Built year | 1923 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 383 | 247 | 89% |
Apr 15, 2026
$2,000,000
$2,300,000
-13% Price Drop
Initial Listing
Feb 21, 2026
$2,300,000
$2,600,000
-12% Price Drop
Initial Listing
Sep 19, 2025
$2,600,000
Initial Listing
Apr 4, 2025
$4,657,500
Initial Listing