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6726 N Figueroa St

Los Angeles, CA 90042
  • $3,699,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 22-153913
UPDATED: 70 min ago
$3,699,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,478
    SQFT
  • $571
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1951
County:

School Ratings & Info

Description

MIXED USE PROPERTY with DEVELOPMENT POTENTIAL. Located in Highland Park, one of LA's fastest growing areas and hottest markets, this 2-parcel combo features a combined 9,595 square feet of land area, with a mixed use building and lot. With a building area of 6,478 square feet, the building at 6726 N Figueroa features three remodeled and fully rented apartments, offices, and plenty of warehouse space, ideal for an investment or owner-user. Tenants are on a month-to-month with below market rents with huge upside potential. Adjacent to this property at 6732 N Figueroa is an equally sized lot that contains an additional 1,080 square foot warehouse structure (non-permitted) and shipping containers used as a rental for storage. Both lots are zoned R1.5, so potential owners would be able to develop a small lot subdivision of three homes by right. Minutes to York Blvd shops & restaurants, parks and other attractions.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-21T20:42:59.63. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/128484082
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6726 N Figueroa St Los Angeles, CA 90042

  • Price: $3,699,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 70 min ago
  • MLS #: 22-153913
0
Beds
0
Baths
0
½ Baths
0.11
Acres
6,478
SQFT
$571
$/SQFT
1951
Built
Neighborhood:
Highland Park
County:
Los Angeles
Area:
Highland Park
Property Description
MIXED USE PROPERTY with DEVELOPMENT POTENTIAL. Located in Highland Park, one of LA's fastest growing areas and hottest markets, this 2-parcel combo features a combined 9,595 square feet of land area, with a mixed use building and lot. With a building area of 6,478 square feet, the building at 6726 N Figueroa features three remodeled and fully rented apartments, offices, and plenty of warehouse space, ideal for an investment or owner-user. Tenants are on a month-to-month with below market rents with huge upside potential. Adjacent to this property at 6732 N Figueroa is an equally sized lot that contains an additional 1,080 square foot warehouse structure (non-permitted) and shipping containers used as a rental for storage. Both lots are zoned R1.5, so potential owners would be able to develop a small lot subdivision of three homes by right. Minutes to York Blvd shops & restaurants, parks and other attractions.
Exterior Features

Direction Faces West Entry Location Ground Level W/Steps Garage Structures Total 1 Levels Multi/Split Lot Description Redevelopment AreaValue In LandStreet PavedStreet LightingStreet AsphaltSidewalks Lot Location Alley AccessCorner LotCity Lot Size Area 4798 Other Structures Accessory BldgsOtherShed(S) Parking Garage Covered Parking Patio Features BrickConcrete SlabPatio Open Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 2 View Description Courtyard View YN Yes Water Frontage None

Interior Features

Bathroom Features Tub OnlyShower And TubTile Baths Total 5.00 Cooking Appliances Gas/Electric RangeOven-Gas Cooling Air ConditioningWall/Window Equipment DryerDishwasherWasherRefrigeratorRange/Oven Flooring Wood LaminateTile Heating None Kitchen Features Counter TopQuartz CountersRemodeled Laundry CommunityLaundry Area Laundry Equipment Own

Property Features

Alley YN Yes Assessed Total Value 1293260 Gross Income 273504 Gross Operating Income 273504 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 191452.00 Number Of Buildings 1 Number Of Units 5 Property Condition Updated/Remodeled Rent Control YN No Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 82000 Type Of Units AptOffice Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Rick Taldykin DRE# of Agents Of La., Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-21T20:42:59.63. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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