Listed By:
Michael Ascione with RE/MAX of Santa Clarita;
3516 Arroyo Seco Avenue, Los Angeles, CA
$ 1,450,000
Property Attributes
  • MLS#SR23165151
  • TypeIncome
  • CityLos Angeles
  • AreaCypress Park
  • Zip90065
  • StyleApartment
  • Price$ 1,450,000
  • Bedrooms44
  • Full Bathrooms24
  • Half Bathrooms0
  • Sqr Footage4686
  • Lot Size8,193 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

This offering presents a four-unit multifamily investment opportunity comprising two detached structures, totaling 4,686 square feet of living space on an 8,193 square foot lot. The property includes a front main house boasting 4 bedrooms and 2.5 bathrooms, available for a future owner/user. This provides the opportunity for an owner/user to reside in the front home while generating income from the three rental units at the rear. Alternatively, one can stabilize the front house and explore the potential of converting the existing two-car garage into an ADU (5th unit) to further expand the income generating potential of this property. The rear structure encompasses three rental units, currently occupied. The first unit features 3 bedrooms and one bathroom across two stories, while the second unit offers an upper 2-bedroom, 1-bath layout. The third unit is on the first level which includes 2 bedrooms and 1 bathroom. Your investment serves as the gateway to the Greater Cypress Park neighborhood, surrounded by the lush greenery of Greaver Oak Park, the enduring charm of Heritage Square, and the diverse recreational options available at Lacy Street Park. Sports enthusiasts will find solace in the proximity of Dodger Stadium, home to the iconic Los Angeles Dodgers. Additionally, Cypress Park boasts a thriving artistic community, evidenced by its stunning street murals and flourishing pottery and art studios. Invest in a neighborhood that nurtures creativity and inspiration, attracting like-minded individuals and potential tenants. Do not let this opportunity pass you by. Seize the chance to invest in the Cypress Park lifestyle. Contact us today to grasp this prime opportunity within the Cypress Park community!

Price History
9/4/2023 Listed $1,450,000

General Features

Building Area Units Square Feet
City Los Angeles
Co-Listing Agent State License # 01305330
Community Features Street Lights, Sidewalks, Urban
County Los Angeles
Directions Figueroa to Arroyo Seco
Entry Location 2
Garage Spaces 2
Garage Y/N Yes
Heating Central
Levels Two
Listing Agent Michael Ascione - BRE#01966195
Listing Agent State License 01966195
Listing Terms Cash, Cash to New Loan, Cal Vet Loan, 1031 Exchange
Lot Size Square Feet 8193
MLS Area CYPK - Cypress Park
Open Parking Spaces 4
Pool Features None
Property Attached Y/N Yes
Property Sub Type Additional Apartment
Property SubType Apartment
Property Type Residential Income
Rent Control Y/N Yes
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
Standard Status Active
Status Active
Stories 2
Street Name Arroyo Seco
Tax Lot 11
Total Units 4
Year Built 1964
Year Built Source Assessor
Zoning LARD2

Interior Features

Common Walls 2+ Common Walls
Entry Level 1
Heating Y/N Yes
Laundry Features In Garage
Street Suffix Avenue
Total Stories 2

Exterior Features

Buyer Agent Compensation 2.500
Buyer Agent Compensation Type %
Building Area Total 4686
Lot Features Front Yard, Garden, Landscaped, Near Public Transit, Street Level
Lot Size Acres 0.1881
Lot Size Area 8193
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 1
Total Parking 6
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90065

AVG $1.4M
AVG 22
Year Built
AVG 1942