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6512 6516 N Figueroa Street, Los Angeles, CA 90042
$4,075,000
6512 6516 N Figueroa Street, Los Angeles, CA 90042View this property at 6512 6516 N Figueroa Street, Los Angeles, CA 90042
6512 6516 N Figueroa StreetLos AngelesCA90042
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Property Description & Video
6512 6516 N Figueroa Street, Los Angeles, CAVideo Tour of 6512 6516 N Figueroa Street, Los Angeles, CA.
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.
Full Property Details
Full Property Details for 6512 6516 N Figueroa St
General
- Price: $4,075,000
- Status: Active
- Type: Retail
- MLS ID: SR24053988
- Updated: 3/22/2024
- Days on Market: 61 days
- Added to Site: 62 day(s) ago
Rooms
Other Rooms
- Laundry: None
Parking
- Uncovered Spaces: 21
- Parking Ratio: 3
Location
- County: Los Angeles
- Building Name: York Plaza
- Driving Directions: Figueroa and Beard
Structural Information
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 7481
- Square Feet: 7,481
- Year Built: 1989
- Year Built Source: Assessor
Lot Features
- Lot Size (Acres): 0.3457
- Useable Acres: .3457
- Lot Size (Sq. Ft.): 15,059
- Lot Size Source: Seller
- Lot Features: Corner Lot
- Lot Description: Corner Lot
Financial Considerations
- Price Per Sq. Ft.: $544
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Property ID: 5486016040
Listed by Keller Williams Realty Calabasas, JaredLevine
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Schools
Schools serving 6512 6516 N Figueroa St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
317 N Avenue 62, Los Angeles, CA 90042 | K-5 | 0.2 mi | |
6125 Poppy Peak Dr, Los Angeles, CA 90042 | K-5 | 0.6 mi | |
Luther Burbank Middle School Arts/Technology/Community Magnet
6460 N Figueroa St, Los Angeles, CA 90042 | 6-8 | 0.1 mi | |
820 N Avenue 54, Los Angeles, CA 90042 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6512 6516 N Figueroa St
Date
Details
Price
Change
Source
3/18/2024
Listed
$4,075,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 6512 6516 N Figueroa St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$24,637
13%
$1,957,511
11%
2022
$21,766
1%
$1,769,129
2%
2021
$21,477
-1%
$1,734,442
1%
2020
$21,687
4%
$1,716,659
2%
2019
$20,848
2%
$1,683,000
2%
2018
$20,469
38%
$1,650,000
39%
2017
$14,875
3%
$1,185,530
2%
2016
$14,479
1%
$1,162,285
2%
2015
$14,273
—
$1,144,828
2%
2014
$14,335
—
$1,122,403
—
2013
$14,336
—
$1,117,332
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 6512 6516 N Figueroa St
6512 6516 N Figueroa Street, Los Angeles, CA 90042 (MLS# SR24053988) is a Retail property. 6512 6516 N Figueroa Street is currently listed for $4,075,000 and was received on March 18, 2024. Want to learn more about 6512 6516 N Figueroa Street? Do you have questions about finding other Retail real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.