6401 N Figueroa Street, Los Angeles, CA 90042
Multi-Family for sale in Los Angeles: $1,299,000, 7 beds, 5 baths, 3,272 sqft. Excellent Owner-User or Investment Opportunity! Two separate homes on one gated lot offer flexibility for an owner who wants to live in one and generate rental income from the other, or an investor seeking income from…
$1,299,000
Excellent Owner-User or Investment Opportunity! Two separate homes on one gated lot offer flexibility for an owner who wants to live in one and generate rental income from the other, or an investor seeking income from two residences. Each home is separately metered for gas, electric, and water, with tenants responsible for all utilities. The charming front bungalow, built in 1907, features 3 bedrooms, 2 beautifully remodeled baths, a separate office, and an inviting front porch. Hardwood floors add warmth and character, while the dining area features a fireplace and opens to the living room. The kitchen includes granite countertops, vinyl flooring, and a newer stove, refrigerator, washer, and dryer (2024). Wall-unit heating and A/C. The front home is currently vacant, providing an immediate opportunity for an owner-user or new tenant. The rear residence, 6401 1/2, was built in 1991 and is a spacious two-story, Spanish-style 4-bedroom, 3-bath home. Highlights include hardwood floors in the main living area, high ceilings, a fireplace, and a sunny rear patio. The home features central heat and a newer A/C unit (2025). It is currently tenant-occupied on a month-to-month lease. The property offers three off-street parking spaces between the homes: one for the front residence and two for the rear. With two substantial homes, separate utility meters, gated grounds, and immediate occupancy and existing rental income, this is a compelling opportunity for both investors and owner-users seeking to offset their housing costs with rental income. Gross income and GRM calculated on projected income.
Slava Ploshkin · DRE #02323623 · Hayden & Bach
Working with broker Joe Goodman, 25+ years in California real estate
8%above what similar homes nearby are asking
Bigger, not pricier
It asks more than most homes nearby, but less per square foot. You are paying for extra space rather than a premium on the address.
Just came on
It is new to the market, so expect other buyers to be looking at it this week. If it fits, do not wait for the weekend open house.
Larger than typical
There is more floor area here than in most nearby listings, which is worth weighing against what you would pay to add it later.
Compared against 102 active CRMLS multi-unit properties within 3 miles as of September 1, 2026. These are current asking prices, not sales. Condition, updates, location and view can put a home well above or below these numbers, so treat this as orientation, not an appraisal.
I usually reply within the hour.
“I liked that Slava didn't pretend every home was perfect.”
Listing updated: September 1, 2026 at 5:48 PM
Listed by: Andrea Gressinger DRE #01756680, KW Westside Estates
Source: CRMLS, MLS#: 26874837, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
8/16/2026 Source: CRMLS, #26874837 | Listed for sale | $1,299,000$397/sqft |
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