3401-3405 N Figueroa St, Los Angeles, CA 90065

The property at 3401–3405 N Figueroa Street is a mixed-use asset consisting of a 26-unit apartment community and two commercial spaces across two separate parcels. Constructed in 1988, the residential component includes one 1 bed/1 bath unit, twenty-two 2 bed/1 bath units, two 2 bed/2 bath units, and one 3 bed/2 bath unit. There is also a restaurant space and an additional commercial suite that is currently vacant, providing flexibility for a new owner. The property includes approximately 20,188 rentable square feet and sits on a 25,045 square foot LARD2 zoned lot. The offering provides 52 parking spaces, with each residential unit receiving one tandem parking space.

The building is located along the N. Figueroa Street corridor in the Cypress Park neighborhood of Los Angeles. It is adjacent to Florence Nightingale Middle School and near a mix of restaurants, cafes, retail destinations, and other neighborhood amenities. The two commercial/land parcels are supported by two separate APNs.

For investors or operators, the combination of in-place apartment income and dedicated commercial space can support a diversified operating platform. The presence of a currently vacant commercial suite may allow for new leasing activity following acquisition. The residential units are described as exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO) due to 1980s construction, with the property subject only to California’s statewide rent control regulations under AB 1482, as described in the offering materials.