3501 N Figueroa Street, Los Angeles, CA 90065
- $948,000
- List Price
- $948,000
- Status
- ACTIVE
- MLS#
- P1-27678
- Year Built
- 1940
- Lot Size
- 5,664
- Acres
- 0.13
- Lot Location
- Drip Irrigation/Bubblers, Landscaped
- Days on Market
- 40
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Duplex
- Stories
- One Level
- Neighborhood
- Not Applicable
Property Description
Nestled on a gated corner lot in the heart of Northeast Los Angeles, this fully leased duplex blends strong rental income with thoughtful updates and exceptional outdoor living. Generating $6,000 per month in gross rental income, with the front unit leased at $2,800 per month and the rear garden unit leased at $3,200 per month, the property consists of two 2-bedroom, 1-bath residences, each offering a private entrance, its own laundry area, fenced yard space, and abundant off-street parking. Recent improvements include a newer roof, copper plumbing, dual-pane windows, upgraded electrical panels, mini-split heating and air conditioning systems, recent interior and exterior paint, and extensive landscaping and hardscape enhancements. Both residences feature bright interiors, remodeled kitchens with quartz countertops and new fixtures, remodeled bathrooms with new fixtures, and private outdoor spaces designed for everyday living and entertaining. Ideally positioned near Highland Park, Mount Washington, Downtown Los Angeles, Elysian Park, Dodger Stadium, and major transportation corridors, this turnkey investment opportunity offers strong in-place income, privacy, and long-term upside in one of Northeast LA's most desirable neighborhoods.
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Additional Information
- Appliances
- Gas Range, Refrigerator, Dryer, Washer
- Pool Description
- None
- Heat
- See Remarks
- Cooling
- Yes
- Cooling Description
- See Remarks
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Gross Scheduled Income
- $72,000
- Operating Expense
- 7720
Listing courtesy of Listing Agent: Kerry Jackson (kerryjacksonrealestate@gmail.com) from Listing Office: Coldwell Banker Realty.
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