6512 6516 N Figueroa Street Los Angeles, CA $ 4,075,000
6512 6516 N Figueroa Street
$ 4,075,000
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6512 6516 N Figueroa Street

Los Angeles, CA, 90042
$ 4,075,000
Baths0.0 Sq 7,481

Monthly Estimate*

$ 28,465

Listed by Keller Williams Realty Calabasas
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Studio

Commercial Property for sale in Los Angeles, CA

for $4,075,000. This 7,481 square foot building was built in 1989 on a lot size of 0.3457.

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.

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Commercial Active

Price

$ 4,075,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

0.3457

Year Built

1989

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SR24053988

Days on Market

46

Features
Exterior
Lot Features CornerLot
Water Source Public
Total Parking 21.0
Lot Size Area 15059.0
Spa N
Building Area Total 7481.0
Lot Size Acres 0.3457
Lot Size Units SquareFeet
Lot Size Source Owner
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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General
Year Built 1989
Property SubType Retail
Building Name York Plaza
County Los Angeles
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Figueroa and Beard
City Los Angeles
View Y/N N
Senior Community Y/N N
Open Parking Spaces 21.0
MLS Area 632 - Highland Park
Lot Size Square Feet 15059.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Figueroa
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 0
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Tenant
Year Built Source Assessor
Virtual Tour https://youtu.be/9zFNY-tBJZk
Property Sub Type Additional Retail
Cap Rate 5.93
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Street
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 6512
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* Excluded Features
List By
Keller Williams Realty Calabasas

Broker

(818) 657-6556

Phone

Affordability Calculator

$28,465
Per Month
100%
0%
0%
Monthly Principal & Interest
$28,465
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/18/2024$4,075,000 Listed Price

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6512 6516 N Figueroa Street, Los Angeles, CA, 90042 is a Commercial Property for sale at $4,075,000 with 7,481 sqft and a lot size of 0.3457. 6512 6516 N Figueroa Street is a studio with 0.0 baths and was built in 1989. The property's zip code is 90042 which is in Los Angeles, CA