Price Reduced Listing
4122 N Figueroa Street,Los Angeles, CA 90065
Los Angeles, CA 90065
Description
A mixed-use property totaling approximately 2,800 square feet situated on a 7,002 square foot C2-zoned lot along a highly visible commercial corridor in the Highland Park neighborhood of Los Angeles. The property is improved with approximately 1,900 square feet of commercial space configured into two primary units of roughly 800 square feet each, along with two additional storage units, and a separate ~1,000 square foot 3-bedroom, 1-bath residential structure located at the rear of the lot. The site benefits from direct frontage on Figueroa Street with traffic counts exceeding 21,000 vehicles per day and strong surrounding population density of over 880,000 residents within a five-mile radius. The property is currently in receivership and presents a unique opportunity for a buyer to reposition the asset through lease-up, renovation, or redevelopment. Flexible configuration allowing for owner-user occupancy, lease-up, or repositioning. Development potential supported by C2 zoning with Tier 3 TOC incentives and MIIP eligibility. Mixed-use retail/residential property totaling approximately 2,800 Sq Ft on a 7,002 SF C2-zoned lot. High visibility along Figueroa Street with traffic counts exceeding 21,000 vehicles per day. Strong surrounding demographics with dense population; over 266,000 people within 3 miles.
Details
| MLS # | 26842853 |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 80 |
| Listing Provided By | The CREM Group | Mark Cianciulli |
Features
| SQ Feet | 2,797 |
|---|---|
| Building(s) | 2 |
| Zoning | LAC2 |
| Acreage | 0.16 |
Exterior
| Security Features | Gated Community |
|---|
Location
| Community Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90065 |
| Area | 677 Lincoln Hts |
| Listing VS Median (in 90065) | |
Price: $950,000 low | high Med: $1,007,000 sqft: 2,797 low | high Med: 2,015 $ / sqft: $340 low | high Med: $500 On site: 80 low | high Med: 70.5 | |
Market Activity 90065
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90065 |
| Area | 677 Lincoln Hts |
| Listing VS Median (in 90065) | |
Price: $950,000 low | high Med: $1,007,000 sqft: 2,797 low | high Med: 2,015 $ / sqft: $340 low | high Med: $500 On site: 80 low | high Med: 70.5 | |
