Exclusive Listings

6801 N. Figueroa St. (4-Suite Corner Retail, 50% Vacant in Highland Park)

Address:
6801 N. Figueroa St.
Los Angeles, CA 90042
Price:
$2,050,000
Status:
In-Contract
Type:
Apartment
# Units:
4
Year Built:
1974
Building Size:
5,811 SF
Lot Size:
14,130 SF
CAP Rate:
6.68%
GRM:
n/ax
Price/Unit:
$512,500
Price/SqFt:
$353

Investment/Property Highlights

• Strategic corner location with frontage along North Figueroa St. just mins. north of York Blvd. and N. Figueroa St. intersection.
• 5,811 SF of building area with 4 separate retail suites. (2 currently renter-occupied, 2 currently operated by the current ownership,
who may vacate or lease-back).
• Large lot size: 14,000+ SF lot zoned RD1.5-1HCR (low-density residential).
• Versatility: potential for a commercial zoning variance or eventual low-density residential redevelopment.
• Completely re-piped with copper plumbing in 2010.
• Well maintained by the current ownership over an approx. 40-year hold period.
• 8 Surface parking spaces (1 handicap space) accessible from N. Figueroa St. and La Prada St. with the potential for additional
parking in the western third of the lot.
• Separately metered for electricity and gas.
• Can be purchased individually or as part of a portfolio along with the adjacent lots: 6079 La Prada St. (13-unit apt.) and 6817-
6819 N. Figueroa St. (21-unit apt. property)

 




Due Diligence


Broker Contact

Justin McCardle
Direct: (909) 486-2069
justin@growthinvestmentgroup.com

Evan Monroe
Direct: 626.407.2388
emonroe@growthinvestmentgroup.com

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Phone: 626.594.4901
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