3531 N Figueroa, Los Angeles, California 90065, Los Angeles, 90065 - 4 bed, 2 bath

3531 N Figueroa, Los Angeles, California 90065 home-pic-0
ACTIVE$899,000
3531 N Figueroa, Los Angeles, California 90065
4Beds
2Baths
1,401Sqft
3,431Lot
Year Built
1905
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$642
HOA
-
Days on market
-
Sold On
-
MLS number
PW25269285
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights

About this home

Possibly Over-Priced:The estimated price is 5% below the list price. We found 3 Cons,5 Pros. Rank: price - $899.0K(18th), sqft - 1401(42th), beds - 4(86th), baths - 2(50th).

Welcome to 3531 N. Figueroa Street, an incredible opportunity in Northeast LA’s most rapidly transforming neighborhoods — Mount Washington and Cypress Park. This 1905 Craftsman-style home captures the soul of early Los Angeles while offering serious upside for investors, builders, and design-minded homeowners alike. Sitting on a 3,431 sq. ft. LARD2-zoned lot, the property offers flexible development potential — from restoring its timeless character to adding an ADU, pursuing multi-unit or small-lot development, or creating a long-term income property (buyer to verify). With approximately 1,401 sq. ft. of living space, the home features original hardwood floors, charming built-in shelving, and a functional layout that invites creativity and modernization. Outside, you’ll find a long private driveway for easy parking, a productive avocado tree, and a large basement ideal for storage, workspace, or expansion. The property’s street-to-street frontage along Figueroa provides excellent accessibility and visibility. The location is unbeatable — a short walk or quick drive to Mount Washington’s scenic parks, hiking trails, and the world-renowned Self-Realization Fellowship. You’re also steps from the emerging Figueroa corridor, known for its growing lineup of coffee houses, restaurants, and art spaces, as well as easy access to the Metro Gold Line, 110 freeway, and Downtown LA. This stretch of Northeast LA continues to attract developers and creative homeowners eager to be part of Los Angeles’s next great revival. Whether you’re envisioning a restored Craftsman gem, a modern duplex, or a hybrid live/work investment, 3531 N. Figueroa Street stands ready to deliver exceptional potential in one of LA’s most dynamic and desirable urban settings.

Nearby schools

4/10
Loreto Street Elementary School
Public,K-50.2mi
2/10
Aragon Avenue Elementary School
Public,K-50.7mi
6/10
Latona Avenue Elementary School
Public,K-60.7mi
7/10
Mt. Washington Elementary School
Public,K-61.1mi
3/10
Aldama Elementary School
Public,K-61.5mi
4/10
Glassell Park Elementary School
Public,K-61.6mi
5/10
Buchanan Street Elementary School
Public,K-62.1mi
5/10
Toland Way Elementary School
Public,K-62.2mi
5/10
Florence Nightingale Middle School
Public,6-80.3mi
6/10
Luther Burbank Middle School
Public,6-82.7mi
7/10
Benjamin Franklin Senior High School
Public,6-122.0mi
7/10
Eagle Rock High School
Public,7-123.1mi

Price History

Date
Event
Price
12/02/25
Listing
$899,000
10/14/04
Sold
$210,000
Condition Rating
Poor

This 1905 Craftsman-style home, despite a seemingly updated kitchen with white shaker cabinets, granite-look counters, subway tile backsplash, and a professional-style range, is explicitly stated in the listing as requiring 'substantial investment in modernization and updates to systems (e.g., plumbing, electrical, HVAC).' The property's age and the need for major system overhauls, combined with the older appearance of other rooms (e.g., bedroom with dated ceiling fan and blinds) and the lack of bathroom photos, indicate that it requires significant repairs and rehabilitation beyond cosmetic updates to meet modern standards. While livable, it presents as a project for investors or design-minded homeowners, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Development Potential: The 3,431 sq. ft. LARD2-zoned lot offers flexible development potential, including adding an ADU, pursuing multi-unit or small-lot development, or creating a long-term income property.
Prime Location & Neighborhood Growth: Located in rapidly transforming Mount Washington/Cypress Park, with excellent access to the emerging Figueroa corridor's amenities, scenic parks, hiking trails, Metro Gold Line, 110 freeway, and Downtown LA.
Historic Charm & Architectural Style: A 1905 Craftsman-style home retaining original hardwood floors and charming built-in shelving, appealing to buyers seeking classic architectural character.
Versatile Investment Opportunity: Offers significant upside for investors, builders, and design-minded homeowners, allowing for restoration, modernization, or various income-generating strategies.
Accessibility & Parking: Features street-to-street frontage on Figueroa for excellent accessibility and visibility, complemented by a long private driveway providing convenient off-street parking.

Cons

Age of Property & Required Modernization: As a 1905 build, the property likely requires substantial investment in modernization and updates to systems (e.g., plumbing, electrical, HVAC) to meet contemporary living standards.
Due Diligence for Development: While offering significant development potential, the 'buyer to verify' clause indicates that realizing these opportunities will necessitate extensive due diligence, permitting processes, and associated costs.
Potential for Noise/Traffic: Its street-to-street frontage on a main thoroughfare like Figueroa Street, while providing accessibility, may expose residents to higher levels of traffic noise and activity.

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