Listed By:
Michael Ascione with RE/MAX of Santa Clarita;
3516 Arroyo Seco Avenue, Los Angeles, CA
$ 1,395,000
Property Attributes
  • MLS#SR23165151
  • TypeMulti-Family
  • CityLos Angeles
  • AreaCypress Park
  • Zip90065
  • StyleApartment
  • Price$ 1,395,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4686
  • Lot Size8,194 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
9/30/2023 4% - $1,395,000

General Features

Additional Parcels Y/N No
Association Y/N No
Attached Garage No
Building Area Units SquareFeet
Carport Y/N No
City Los Angeles
Community Features StreetLights, Sidewalks, Urban
County Los Angeles
Days on Market 30
Directions Figueroa to Arroyo Seco
Electric Expense 0.0
Entry Location 2
Fuel Expense 0.0
Garage Spaces 2.0
Garage Y/N Yes
Gross Income 0.0
Heating Central
Home Warranty Y/N No
Insurance Expense 0.0
Land Lease Y/N No
Lease Considered Y/N No
Lease Renewal Y/N No
Levels Two
Listing Terms Cash, CashtoNewLoan, CalVetLoan, Item1031Exchange
Lot Size Square Feet 8193.0
MLS Area CYPK - Cypress Park
Mobilehomeremainsyn No
Net Operating Income 0.0
New Construction No
Open Parking Spaces 4.0
Operating Expense 0.0
Pool Features None
Private Pool No
Property Attached Y/N Yes
Property Sub Type Additional Apartment
Property SubType Apartment
Property Type ResidentialIncome
Rent Control Y/N Yes
Senior Community Y/N No
Sewer PublicSewer
Special Listing Conditions Standard
Standard Status Active
Status Active
Stories 2
Street Name Arroyo Seco
Tax Lot 11
Total Units 4
Trash Expense 0.0
View Y/N No
Water Sewer Expense 0.0
Waterfront Y/N No
Year Built 1964
Year Built Source Assessor
Zoning LARD2

Interior Features

Air Conditioning Y/N No
Basement (Y/N) No
Common Walls Item2CommonWalls
Electric On Property Y/N No
Entry Level 1
Fireplace Y/N No
Heating Y/N Yes
Laundry Features InGarage
Street Suffix Avenue
Total Stories 2

Exterior Features

Building Area Total 4686.0
Crops Included Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No
Lot Features FrontYard, Garden, Landscaped, NearPublicTransit, StreetLevel
Lot Size Acres 0.1881
Lot Size Area 8193.0
Lot Size Source Assessor
Lot Size Units SquareFeet
Number of Buildings 2
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 1
Open Parking Y/N No
Spa No
Total Parking 6.0
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 Multi-Family Average in 90065

AVG $1.35M
AVG 26
Data Provided by Inside Real Estate®
Year Built
AVG 1932