3830 S Figueroa Street, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
3830 S Figueroa Street
Los Angeles, California 90037
Property Price
SUMMARY
Analysis of 3830 S Figueroa Street, Los Angeles, California 90037 is currently available with a list price of $2,300,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1923, this triplex is well-maintained and currently owner-occupied, but it remains largely outdated. The property lacks modern climate control (no air conditioning), features older kitchen cabinetry and appliances, and has dated bathroom fixtures. While functional and situated in a prime location for development, the interior finishes and systems show typical signs of age consistent with a property that has not undergone a comprehensive modern renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Strategic Location
Situated directly across from BMO Stadium and the upcoming Lucas Museum, and within walking distance to USC, the property is in a high-demand hub for tenants and visitors.
- Development Potential
The LAC2 zoning designation provides a significant opportunity for developers to capitalize on high-density future projects in a rapidly appreciating area of Los Angeles.
- Passive Income Streams
The inclusion of two commercial advertising signs provides immediate, consistent monthly revenue that supplements the residential rental income.
CONSRISKS & DEFICIENCIES
- Lack of Climate Control
The absence of air conditioning in all units is a notable drawback for modern tenants and will likely require an upgrade to maximize rental rates.
- Utility Metering Limitations
The property features only one water meter for all three units, which can lead to higher owner expenses and complicates the pass-through of utility costs to tenants.
About 3830 S Figueroa Street
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.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1923
- Lot Size
- 7,010 Sq. Ft.
Interior
- Total Bedrooms
- -
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,584 | 2,496 | 65% |
| Lot Size | 7,010 | 5,451.5 | 90% |
| Price | $2.30M | $945.0K | 95% |
| Price per sq ft | $642 | $324 | 90% |
| Built year | 1923 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 336 | 264 | 90% |
Pricing History
Listed for Sale
Feb 21, 2026
$2,300,000
$2,600,000
-12% Price Drop
Initial Listing
Price Change
Sep 19, 2025
$2,600,000
Initial Listing
Price Change
Apr 4, 2025
$4,657,500
Initial Listing