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3405 N Figueroa St
Los Angeles, CA 90065 Cypress Park

$6,450,000 USD

Apartments For Sale • 20,188 SF

Property Details

Property Type Apartments
Total Building Size 20,188 SF
Lot Size 0.29 AC
Building Class C
Year Built 1988
Zoning LARD2

60 Transit Score

50 Walk Score

                
                    Highlights
                
                                26 apartment units constructed in 1988 and two commercial spaces constructed in 1980
                            
                                Strong in place cash flow with approximately 27% rental upside
                            
                                52 on site parking spaces, providing one tandem parking space per residential unit
                            
                                Desirable unit mix with a majority of units consisting of two bedroom floor plans
                            
                                First time ever offered for sale
                            
                                Exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO); subject only to California statewide rent control (AB 1482)

Amenities

24 Hour Access
Controlled Access
Disposal
Tenant Controlled HVAC
Heating
Trash Pickup - Curbside
Kitchen
Range
Tub/Shower
Carpet
Public Transportation
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	8 min	-	2.9 mi
	9 min	-	4.1 mi
Transit/Subway	Drive	Walk	Distance
Heritage Square/Arroyo Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	10 min	0.5 mi
Lincoln Heights/Cypress Park Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	13 min	0.7 mi
Airport	Drive	Walk	Distance
Bob Hope	22 min	-	14.9 mi
Los Angeles International	29 min	-	21.1 mi
Long Beach (Daugherty Field)	35 min	-	24.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	52
Type:	Covered
Included in Rent:	Yes

David Saghian 818-231-5540 Lyon Stahl Investment Real Estate

3405 N Figueroa St Los Angeles, CA 90065 Cypress Park