Property Details:
Outstanding opportunity to own a Mixed Use / Retail / Apartment Lofts / Creative Office complex in the heart of the vibrant Highland Park Figueroa Retail Corridor with upside rental potential. A parcel of land consisting of approximately 14,985 square feet of land, with a combined building size of approximately 18,479 square feet. There are seven (7) ground floor retail units with Twelve (12) apartment lofts above the retail, and a freestanding creative office building of approximately 4,200 square feet adjacent with an outdoor parking area.
AREA OVERVIEW
Highland Park is one of the oldest settled areas of Los Angeles and also one of the most scenic due to its architecture and location between the Mt. Washington hills, the San Rafael hills and Monterey Hills, Los Angeles, CA. Long an affordable stronghold of working-class Latino families and Occidental College coeds, historic Highland Park is officially on the up-and-up. Killer enchiladas, a funky soda shop, and century-old homes have been joined by gastropubs, galleries, and more restaurants. Situated along the gold line, this city is a changing neighborhood.
For further Highland Park Community Information click http://www.kcet.org/socal/departures/production-notes/highland-park/highland-park-preview.html
Address: 5900-08 Figueroa Street, 111 S. Ave. 59
State: CA
City: Los Angeles
Zip: 90042
Number of Units: 18
CAP Rate (%): 6.72
Cost per Unit: $222,222.00
Gross Income: $315,600.00
Loopnet ID #:
Year Built: 1921
Building Size SF: 18,479
Bldg Price PSF: $ 216.46
Lot Size: 14,985
Land Price PSF:
GRM: 11.4
Expenses: $62,385
NOI: $268,385
5900 Figueroa Marketing Package
Please Contact selling agent: Mike Matthias mike.matthias@gmail.com (310)995-8658
