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$2,050,000
290 Days On Site

6801 N Figueroa Street
Los Angeles, CA 90042

For Sale|Retail|Active Under Contract
0
Beds
0
Full Baths
0
Partial Baths
5,811
SqFt
$353
/SqFt
1974
Built
County:
Los Angeles
Listed by Evan Monroe of Growth Investment Group Pasade emonroe@growthinvestmentgroup.com
Call Now: 310-995-6273
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310-995-6273
6801 N Figueroa Street6801 N Figueroa Street6801 N Figueroa Street6801 N Figueroa Street
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Monthly Payment (Est.)

$9,353
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6801 N. Figueroa Street is a small corner retail property located a few minutes north of Highland Park’s central retail corridors, York Blvd. and Figueroa Street. Built in 1974, the property offers 5,811 SF of building area and sits upon a 14,000+ SF lot. In total, there are 4 retail suites, two of which are currently jointly occupied by local family-owned businesses. (Florist and Salon/Barber, occupying approx. 3,900 combined SF) The other 2 suites house the current ownership’s (Non-Profit Organization’s) on-site chapel and a Commercial Kitchen/Meeting Room used by the current ownership. This Commercial Kitchen/Meeting Room suite was fully renovated in 2020 with new flooring, kitchen appliances, etc. 6801 N. Figueroa St. has a non-gated parking lot with 8 spaces (7 surface spaces + 1 handicap surface space.) This parking lot is accessible from N. Figueroa St. and from La Prada St. The storefront/retail suite that currently operates as a chapel was not originally constructed or designated for religious purposes. 6801 N. Figueroa St. is separately metered for gas/electricity. While the property includes a commercial structure that can be used for retail businesses, 6801 North Figueroa Street is zoned RD1.5-1HCR (low-density residential) and a zoning variance may be required to develop new or additional retail units on the parcel. (buyer to verify) The western third of the lot (Approx. 4,600+ SF), which is currently used for storage, could be re-purposed for up to 8 additional gated surface parking spaces or to develop additional residential or retail units. (buyer to verify, zoning variance may be needed for retail development) Given the standards and limitations in place from the City of LA, a new owner may be able to develop approximately 6 new residential apartment units on the lot. (Feasibility study recommended). Overall, the property has been well-maintained throughout an approx. 40-year hold period. It presents a new buyer with the opportunity to reposition the asset for residential use or to obtain the permits needed to further develop it as a retail property. This property's continued operation as a retail-focused income property is also an option. 6801 N. Figueroa St. can be purchased individually or together with 2 adjacent parcels: 6079 La Prada St. (13-Unit Apt. 1985 Constr.) and 6817-6819 N. Figueroa St. (21-Unit Apt. 1954-1955 Constr.). Altogether, the portfolio covers just over 1 Acre of contiguous residential land in Highland Park.

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Listing Snapshot
Price 
$2,050,000
Days On Site 
290 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,811 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3245 Acres
Year Built 
1974
MLS® Number 
AR24039369
Status 
Active Under Contract
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
4 weeks agoStatus changed to Active Under Contract
4 weeks agoListing updated with changes from the MLS®
10 months agoListing first seen on site
General Features
Acres 
0.3245
Number Of Stories 
1
Parking Spaces 
16
Property Sub Type 
Retail
Security 
Security Gate
Special Circumstances 
Standard
SqFt Total 
5811
Utilities 
Electricity AvailableNatural Gas AvailableWater Available
Water Source 
Public
Zoning 
LARD1.5-1HCR
Interior Features
Laundry Features 
None
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Exterior Features
Construction Details 
Wood Siding
Community Features
MLS Area 
632 - Highland Park


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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