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32927055
32927072

4122 N FIGUEROA ST, LOS ANGELES, CA 90065-3010

AL
CA CA 01865688
The CREM Group
Listed by The CREM Group
$1,000,000
10 days on market
Updated 10 days ago

4122 N Figueroa

Details
APN 5467-002-002
Property Type Retail, Mixed Use (+1)
Sub Type Storefront, Residential (+1)
Square Footage 2,797
Units 4
Price per SqFt $358
Class C
Year Built 1920
Buildings 2
Stories 1
Lot Size (SqFt) 7,002
Zoning C2
Investment Type Owner/User
Ground Lease No

Value-Add/Owner-User Highland Park Mixed-Use

Marketing description

The CREM Group is pleased to present 4122 N Figueroa Street, 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. SALE IS SUBJECT TO COURT CONFIRMATION AND POSSIBLE OVERBID. SELLER CANNOT MAKE ANY REPRESENATIONS AS TO THE CONDITION OR HISTORY OF THE SUBJECT PROPERTY.

Investment highlights

  • RECEIVERSHIP SALE SUBJECT TO COURT CONFIRMATION AND POTENTIAL OVERBID
  • Mixed-use retail/residential property totaling approximately 2,800 Sq Ft on a 7,002 SF C2-zoned lot
  • Flexible configuration allowing for owner-user occupancy, lease-up, or repositioning
  • High visibility along Figueroa Street with traffic counts exceeding 21,000 vehicles per day
  • Development potential supported by C2 zoning with Tier 3 TOC incentives and MIIP eligibility
  • Strong surrounding demographics with dense population; over 266,000 people within 3 miles

Listing Contacts

AL
CA CA 01865688
The CREM Group
Listed by The CREM Group

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Additional Information

Name
Andrew Leff
License
CA 01865688
Brokerage Phone
(818) 939-4058
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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