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6726 N Figueroa Street

Los Angeles (City), CA 90042
  • $3,699,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: 22153913
UPDATED: 29 min ago
$3,699,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1951
County:

School Ratings & Info

Listing Agent(s): Rick Taldykin of Agents Of La., Inc. (877-243-6892) and Michele Sullivan of Agents Of La Inc.(877-243-6892)


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 California Regional Multiple Listing Service, Inc. as of 2022-05-25T22:30:26.827. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128483825
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6726 N Figueroa Street Los Angeles (City), CA 90042

  • Price: $3,699,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 29 min ago
  • ID#: 22153913
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1951
Built
Neighborhood:
632 - Highland Park
County:
Los Angeles
Area:
632 - 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 Lot Features Value In Land Other Structures Shed(S) Parking Features Covered Parking Total 2 Pool Features None Pool Private YN No Spa Features None Spa YN No View Courtyard View YN Yes

Interior Features

Appliances DishwasherGas OvenGas RangeRefrigeratorDryerWasher Cooling Wall/Window Unit(S) Cooling YN Yes Flooring Tile Heating None Heating YN No

Property Features

Additional Parcels YN Yes Association Fee 0 Garage YN Yes Gross Income 273504 Laundry Features Common Area Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 191452 New Construction YN No Possession Close Of Escrow Property Condition Updated/Remodeled Rent Control YN No Senior Community YN No Special Listing Conditions Standard Total Actual Rent 22792 Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T22:30:26.827. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Rick Taldykin of Agents Of La., Inc. (877-243-6892) and Michele Sullivan of Agents Of La Inc.(877-243-6892)