Active

6512 6516 N Figueroa Street

Los Angeles CA, 90042

$4,074,000


$544.58 per sqft

Active

7,481 sqft

Commercial

Built in 1989

Listed by Jared Levine with Keller Williams Realty Calabasas 818-657-6500

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.

SR24053988

MLS ID

March 18, 2024

Listed

May 31, 2024

Updated

Map

6512 6516 N Figueroa Street
Los Angeles CA, 90042

Interior Features

Total Stories

1


Laundry Description

None


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.35 Acres


Lot Features

Corner Lot

Other Property Details

Area Name

632 - Highland Park


Days on Market

74


Garage

No


Parking Total

21


View

No


County

Los Angeles


Water Source

Public


Pool

No


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

5/28/2024

Price Change

$4,074,000

-1%

Listing Contact: 818-657-6500 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/31/2024. 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. 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/31/2024 at 6:12 PM UTC

 

Powered byLuxury Presence