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  • 3405 N Figueroa Street

3405 N Figueroa Street, Los Angeles, CA 90065

$6,450,000 Approx. USD 52 beds, 29 baths
20,188 sqft
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Photo of Iris Hirsch

Iris Hirsch REALTORĀ® - Sales Associate 858-945-8198 m
858-259-6400 o
Lic#: 01324008
NRDS ID: 474004056
iris@irishirsch.com
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Lic#: 01324008
NRDS ID: 474004056
iris@irishirsch.com
Del Mar Office
3790 Via De La Valle, Ste, 201
Del Mar, CA 92014
Phone: 858-259-6400
Fax: 858-481-1483
Del Mar 3790 Via De La Valle, Ste, 201
Del Mar, CA 92014
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Fax: 858-481-1483
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Listing Agent


Tony Sameyah | tony@lyonstahl.com
Lic#: 02015965
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.
Phone: 310-749-4475

Co Listing Agent


David Saghian | dsaghian@lyonstahl.com
Lic#: 01992252
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.
Phone: 818-231-5540

Agent Remarks

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.

Listing Details

Trust & Probate
Property type: (Multi-Family)
Status: Active
MLS# 26844469
Price: $6,450,000
Beds: 52
Baths: 29
None fireplaces
Built in 1988
20,188 sqft
0.58 acres
Lot size: 0.5750
County: Los Angeles
Zoning: LARD2
Interior features: Ceiling Fan(s)
Appliances: Refrigerator
Parking description: Garage,Tandem
Heating description: Wall Furnace
MLS area: CYPK - Cypress Park

Last Updated: 6/10/2026

 Days On Market (DOM): 21

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This listing belongs to the CYPK - Cypress Park MLS area

Lat/Long: 34.088044, -118.217803.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Iris Hirsch

Iris Hirsch REALTORĀ® - Sales Associate 858-945-8198 m
858-259-6400 o
Lic#: 01324008
NRDS ID: 474004056
iris@irishirsch.com
Text Me
Call My Cell
Call My Office
Lic#: 01324008
NRDS ID: 474004056
iris@irishirsch.com

Del Mar Office
3790 Via De La Valle, Ste, 201
Del Mar, CA 92014
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