24
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$1,199,000
Est. payment /mo
4 Beds
2 Baths
1,369 SqFt
Open Sun 2PM-5PM
3501 N Figueroa ST Los Angeles, CA 90065
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Open House
Sun Sep 21, 2:00pm - 5:00pm
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,369 sqft
Price per Sqft $875
MLS Listing ID 25594805
Bedrooms 4
HOA Y/N No
Year Built 1940
Lot Size 5,667 Sqft
Property Description
Interested in a great investment located in one of LA's hottest fastest growing areas like Highland Park, Arts District, Elysian Park, Glassell, El Cereno, Echo Park and Mt Washington? And remember, a house can be changed at any time, but you can never change the location of your asset - land! Now you can own your first duplex and live in one unit and rent the other or rent both out and live off a generous 5% cap rate which is solid income. With interest rates coming down, and at a $1.2M purchase price, that means each unit is only at $600,00! Are you ready to build your net worth? Well now you can paying approximately $6,100 a month for principal and interest based on a 30 yr loan and 5.5% interest rate - stop renting and invest in an asset in Los Angeles and take advantage of the tax deduction. It's located on a chic corner lot, minutes to everything and recently remodeled and completely vacant duplex sited on a 5,666 sq ft piece of land sited at the crossroads in the heart of NELA's creative energy and continued growth. Total living space of approximately 1,400 sq ft and each unit is approximately 700 square feet and each offers 2 bedrooms and 1 bath with durable and stylish laminate hardwood floors, newer split system for heat and AC, private fenced yards, plenty of secured parking, and separate entrances for maximum flexibility. Each unit has its own laundry area with its own dedicated washer and dryer located just outside each home, and one of the units features sweeping city light views of the Downtown LA skyline. Thoughtfully updated from top to bottom, both residences feature designer kitchens and baths, modern lighting, and airy, open floor plans that feel bright, fresh, and turnkey. Set just off bustling Figueroa Blvd and tucked behind lush landscaping and custom fencing, the property offers a peaceful, tucked-away feel while keeping you seconds from York Blvd's best cafes, shops, and bars. There's ample on-site gated and secure parking ideal for family, friends, or tenants and direct access to multiple transit lines. And just 10 minutes from Elysian Park, Dodger Stadium, Griffith Park, DTLA, Arts District, Chinatown with some of the best eateries, Japantown, Atwater Village, Silver Lake, and Echo Park, this is city living at its most convenient. Both units are also available for rent. Come check it out we're open this Sunday 2-5pm!
Location
State CA
County Los Angeles
Area 680 - Mount Washington
Zoning LARD2
Rooms
Other Rooms Shed(s)
Interior
Heating Combination, Central, Forced Air
Fireplace No
Appliance Dishwasher, Refrigerator, Dryer, Washer
Laundry In Carport
Exterior
Parking Features Concrete, Driveway, Guest, Gated
Total Parking Spaces 4
Building
Story 1
Entry Level One
Level or Stories One
Additional Building Shed(s)
New Construction No
Others
Senior Community No
Tax ID 5446003016
Special Listing Condition Standard
Listed by Eddie Arnez Keller Williams Studio City
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