6516 N Figueroa St, Los Angeles, CA 90042
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6516 N Figueroa St Los Angeles, CA 90042

$4,075,000
  • -- Beds
  • -- Baths
  • 7,481 Sq.Ft.
For Sale
$4,075,000 Get Pre-Qualified

Map preview of 6516 N Figueroa St, Los Angeles, CA 90042

Property Overview: 6516 N Figueroa St Los Angeles, CA has -- bedrooms, -- bathrooms, 7,481 living square feet and 15,059 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present the opportunity to acquire York Plaza in the highly coveted Los Angeles neighborhood of Highland Park.  This offering includes a 100% occupied retail strip center built in 1989 with a foot print of approximately 7,481 SF, sitting on a 15,059 SF lot with 157' (+/-) of frontage on Figueroa. York Plaza offers an investor the rare opportunity to acquire a stabilized retail strip center with a diverse NNN tenant mix anchored by Wingstop in the highly sought after Highland Park neighborhood. The property has been professional managed and has seen improvements such as a new roof, nearly all AC units have been replaced, exterior paint, landscaping, and sealed parking lot. This well-located retail strip center offers an investor a very special opportunity to secure an asset with strong metrics, NNN leases, and 100% occupancy in the high demand and growth submarket of Highland Park.   Nestled northeast of Downtown L.A., Highland Park has transformed swiftly from working-class businesses to trendy hotspots, yet retains its status as one of the city's oldest and most eclectic neighborhoods. Home to notable figures like Marc Maron and Billie Eilish, Highland Park boasts beloved restaurants and cultural spots, offering a unique vibe. Located just up the 110 from Downtown, south of Eagle Rock and Pasadena, Highland Park features tree-lined streets with a walkable urban culture. Notable areas include York Boulevard with its trendy gastropubs and art galleries, and Figueroa Street, now a hub for nightlife and conveniently located near a Metro Gold Line stop. The neighborhood seamlessly blends contemporary landmarks with older ones, showcasing its status as one of L.A.'s hippest areas. From a swanky steampunk-esque bowling alley to off-the-beaten-path museums and sidewalk taco stands, Highland Park offers a diverse experience. Highland Park neighbors hilly areas like Mt. Washington and Montecito Heights, and shares similar vibes with Eagle Rock along Eagle Rock and Colorado Boulevards. To the northeast, it seamlessly blends into South Pasadena and Pasadena proper.

Listed by Jared Levine | BRE #01804008 | Keller Williams Realty Calabasas
Last checked: 1 minute ago | Last updated: March 18th, 2024 | Source CRMLS | DOM: 36
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Home details

Lot Sq. Ft
15,059
HOA Dues
$0/mo
Year built
1989
Garage
--
Property Type:
Retail
Status
Active
MLS#
SR24053988
City
Los Angeles
County
Los Angeles
Time on Site
46 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.93%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 6516 N Figueroa St

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 21
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Seller
  • Common Interest: None
Property Information
  • Parcel Number: 5486016040
  • Year Built Source: Assessor
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Figueroa and Beard
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Sale History for 6516 N Figueroa St

Last sold for $1,650,000 on September 8th, 2017
  • March, 2024

  • Mar 18, 2024

    Date

    Active

    CRMLS: SR24053988

    $4,075,000

    Price

  • September, 2017

  • Sep 10, 2017

    Date

    Sold

    CRMLS: WS17138207

    $1,650,000

    Price

  • Jul 19, 2017

    Date

    Pending

    CRMLS: WS17138207

    $1,650,000

    Price

  • Jun 19, 2017

    Date

    Active

    CRMLS: WS17138207

    $1,650,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent price, tenants, and location. Seller is retired, very easy to manage, "SOLD AS IS" Please DO NOT DISTURB TENANTS, There is NO SALE SIGN on the property, Tenants are not awared the property is for sale, submit offer subject to inspection.

  • September, 2017

  • Sep 8, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,650,000

    Price

  • November, 2002

  • Nov 1, 2002

    Date

    Sold (Public Records)

    Public Records

    $950,000

    Price

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Tax History for 6516 N Figueroa St

Assessed Value (2020): $1,716,659
Year Land Value Improved Value Assessed Value
2020 $1,015,430 $701,229 $1,716,659

Home Value Compared to the Market

This property vs the competition

6516 N Figueroa St is listed 232.65% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $544.71 per/sqft which puts the price per square foot 29.62% lower than the median price per square foot for the city of Los Angeles.

About 6516 N Figueroa St

Detailed summary of property

6516 N Figueroa St is a retail located in Los Angeles, CA 90042 and is currently for sale. This retail property offers -- bedrooms, -- bathrooms, roughly 7,481 living square feet, and sits on an approximately 15,059 square foot lot. 6516 N Figueroa St was first listed on ArdentRealEstateGroup.com on March 18, 2024. The homeowner is currently asking $4,075,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 232.65% higher than the median priced home. Local competing homes currently for sale include 14808 Pipeline Ave, 10175 Indiana Ave and 2210 E Highland Ave. While the average home in Los Angeles, CA is selling in 96 days, 6516 N Figueroa St has a days on market of 36 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 6516 N Figueroa St Los Angeles, CA 90042 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6516 N Figueroa St

Public county record property details
Beds
--
Baths
--
Year built
1989
Sq. Ft.
6,986
Lot Size
15,059
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
4-6
APN
5486-016-040

The source for these homes facts are from public records.

90042 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,000
Median List Price/Sq.Ft.
$721
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$858
Total Inventory
90
Median Sale to List Price %
125.16%
Avg Days on Market
32
Loan Type
Conventional (31.25%), FHA (6.25%), VA (0%), Cash (12.5%), Other (12.5%)

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Related Resources to 6516 N Figueroa St

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.