Los Angeles, CA 90042,6512 6516 N Figueroa ST
Los Angeles, CA 90042,6512 6516 N Figueroa ST
Los Angeles, CA 90042,6512 6516 N Figueroa ST
Los Angeles, CA 90042,6512 6516 N Figueroa ST
Los Angeles, CA 90042,6512 6516 N Figueroa ST
Los Angeles, CA 90042,6512 6516 N Figueroa ST
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$3,725,000

$4,074,000

8.6%
Est.Price: ?

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Est. payment /mo

0.35 Acres Lot


SOLD DATE : 07/19/2024

Key Details

Sold Price $3,725,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SR24053988

Sold Date 07/19/24

HOA Y/N No

Year Built 1989

Lot Size 0.346 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area 632 - Highland Park

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Fireplace No

Laundry None

Exterior

Total Parking Spaces 21

Building

Lot Description Corner Lot

Story 1

Water Public

Others

Tax ID 5486016040

Financing Cash

Special Listing Condition Standard

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Justin & Jessica Bouzane

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California Regional MLS (CRMLS)
Listed by Jared Levine • Keller Williams Realty Calabasas • jared@jaredmlevine.com
Bought with General NONMEMBER • NONMEMBER MRML

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Justin & Jessica Bouzane

Broker Associate | Lic# 01905244

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