This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
6559 N Figueroa St, Los Angeles, CA 90042
$2,100,000
6559 N Figueroa St, Los Angeles, CA 90042View this property at 6559 N Figueroa St, Los Angeles, CA 90042
6559 N Figueroa StLos AngelesCA90042
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
We are pleased to present 6559 N Figueroa Street, a 16-unit multifamily property located in the highly coveted neighborhood of Highland Park. This two-story, courtyard style building was constructed in 1960 and offers an attractive investment opportunity.Comprising ten (10) one-bedroom and six (6) two-bedroom units, the property spans an impressive 11,396 square feet. Nestled on a generous 16,207 square feet of land, the building features gated parking in the rear, providing a total of sixteen (16) parking spaces for added convenience. For the first time in approximately 60 years, this property is now available on the market, offering astute investors the potential to achieve remarkable returns. With extensive renovations planned for future vacancies, there is 161% upside in rents waiting to be capitalized upon. Positioned on the same street as one of Northeast LA's main thoroughfares, 6559 N Figueroa Street benefits from an outstanding location. Residents will delight in the easy access to a vibrant retail corridor where an array of unique shops, trendy restaurants, and popular bars await. Notably, the famous Highland Park Bowl. Additionally, this property is ideally situated near the Metro Gold Line at the Highland Park Station, facilitating seamless commuting options for residents. Connectivity and convenience are assured in this sought-after location.
Full Property Details
Full Property Details for 6559 N Figueroa St
General
- Sold For: $2,100,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-285079
- Added to Site: 334 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 16
Bedrooms
- Total Bedrooms: 22
Other Rooms
- Laundry: Room
Additional Information
- Other Features: None
Parking
- Garage Description: Gated
Location
- Area: Highland Park
- County: Los Angeles
- Driving Directions: Take the Figueroa St exit off of CA-134 E and head south. Property will be on your right between Ruby Pl and Myosotis St. Just north of the Figueroa St & Meridian St intersection.
Heating & Cooling
- Cooling Type: Wall/Window
- Heating Type: None
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 11,396
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1960
- Year Built Source: Assessor
Unit Information
- Units in Complex: 16
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.3156
- Lot Size: 16207
- Lot Size Source: Assessor
- Zoning: LARD1.5
Financial Considerations
- Price Per Sq. Ft.: $225.34
- Assessment Year: 1960
- Owner Pays: Water
Disclosures and Reports
- Disclosures/Reports: None
- APN: 5486-014-027
Listed and Sold by Marcus & Millichap, Sevak Keshishian
Get Pre-Approved Today
Schools
Schools serving 6559 N Figueroa St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
317 N Avenue 62, Los Angeles, CA 90042 | K-5 | 0.3 mi | |
5657 Meridian St, Los Angeles, CA 90042 | K-5 | 0.5 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 6559 N Figueroa St
Date
Details
Price
Change
Source
1/17/2024
Sold
$2,100,000
-18.22%
MLS
6/16/2023
Listed
$2,568,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
6559 N Figueroa St, Los Angeles, CA 90042 (MLS# 23-285079) is a Multi-Family property that was sold at $2,100,000 on January 17, 2024. Want to learn more about 6559 N Figueroa St? Do you have questions about finding other Multi-Family real estate for sale in Highland Park? You can browse all Highland Park real estate or contact a Coldwell Banker agent to request more information.