3501 N Figueroa Street, Los Angeles, CA 90065 (MLS # 25594805)

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PRICE $1,199,000 BEDS 4 BATHS 2 HOME SIZE 1,369 sqft LOT SIZE 5,668 sqft Request More Info Schedule a Showing

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!