3405 N Figueroa St, Los Angeles, CA 90065
3405 N Figueroa St, Los Angeles, CA 90065
3405 N Figueroa St, Los Angeles, CA 90065
3405 N Figueroa St, Los Angeles, CA 90065
3405 N Figueroa St, Los Angeles, CA 90065
3405 N Figueroa St, Los Angeles, CA 90065
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Chakits Krulsawat

Chakits Krulsawat

+1(702) 319-1092
$ 6,450,000
Est. payment | /mo

52 Beds

29 Baths

20,188 SqFt

Save
$ 6,450,000
Est. payment | /mo
Save

52 Beds

29 Baths

20,188 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 20,188 sqft

Price per Sqft $319

MLS Listing ID 26844469

Bedrooms 52

Year Built 1988

Lot Size 0.575 Acres

Acres 0.575

Property Sub-Type Multi-Family

Property Description

We are pleased to present the opportunity to acquire 3401-3405 N. Figueroa Street, a rare mixed use asset located in the highly sought after Cypress Park neighborhood of Los Angeles. Offered for sale for the first time since its development, the property consists of a 26 unit apartment community and two commercial spaces situated across two separate parcels, providing investors with operational flexibility and future value enhancement potential. The asset is being offered at $248,077 per unit and $319 per square foot, representing an attractive 10.37 GRM and 5.47% capitalization rate on current operations. Constructed in 1988, the residential component features an attractive unit mix of one (1) 1 Bedroom/1 Bathroom unit, twenty two (22) 2 Bedroom/1 Bathroom units, two (2) 2 Bedroom/2 Bathroom units, and one (1) 3 Bedroom/2 Bathroom unit. The commercial component includes a restaurant space and an additional commercial suite that is currently vacant, creating an immediate lease up opportunity for a new owner. The property contains approximately 20,188 rentable square feet on a 25,045 square foot LARD2 zoned lot and benefits from two separate APNs, offering potential ownership, financing, or disposition flexibility. Additionally, the asset provides 52 parking spaces, giving each residential unit one tandem parking space. A key investment highlight is the property's 1980s construction, exempting the residential units from the City of Los Angeles Rent Stabilization Ordinance (RSO). Instead, the property is subject only to California's statewide rent control regulations under AB 1482, allowing ownership to increase rents annually by up to 5% plus CPI, subject to state guidelines. Combined with approximately 27% rental upside, a desirable unit mix, and diversified mixed use income, the offering presents an attractive opportunity for investors seeking long term growth and stable cash flow. Ideally located along the N. Figueroa Street corridor, the property is adjacent to Florence Nightingale Middle School and near a growing collection of restaurants, cafes, retail destinations, and neighborhood amenities. Cypress Park continues to experience strong demand driven by ongoing revitalization, limited supply, and increasing interest from both residents and businesses, making opportunities of this scale and quality increasingly rare.

Location

State CA

County Los Angeles

Area Cypress Park

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan, Window Unit(s)

Fireplaces Type None

Equipment Ceiling Fan, Range/Oven, Refrigerator

Laundry None

Exterior

Parking Features Tandem

Garage Spaces 52.0

Pool None

Waterfront Description None

View Y/N Yes

View City

Roof Type Flat, Mansard

Building

Lot Description 2-4 Lots

Story 3

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

Nearby Locations

Chakits Krulsawat
Chakits Krulsawat

Buyer and Sales Specialist | RE. Lic# S.0168764

+1(702) 319-1092 | chakits.k@gmail.com

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3405 N Figueroa St