Los Angeles, CA 90042 6512 6516 N Figueroa Street

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Presented By: Jared Levine with Keller Williams Realty Calabasas; jared@jaredmlevine.com
  • MLS# SR24053988
  • 03/18/2024
  • Request Tour
  • Request Info
  • FootageSQFT • 7,481

Home Details

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.
Presented By: Jared Levine with Keller Williams Realty Calabasas; jared@jaredmlevine.com

Interior Features for 6512 6516 N Figueroa Street

Other Interior Features

LivingAreaSourceOwner
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Street SuffixStreet
Total Stories1

Other Rooms

Entry Level1

General for 6512 6516 N Figueroa Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Building NameYork Plaza
Cap Rate5.93
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market
DirectionsFigueroa and Beard
Garage Y/NNo
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet15059.0
MLS Area632 - Highland Park
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy DescriptionTenant
Open Parking Spaces21.0
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalRetail
Property SubTypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameFigueroa
View Y/NNo
Virtual TourClick here
Waterfront Y/NNo
Year Built1989
Year Built SourceAssessor

Exterior for 6512 6516 N Figueroa Street

Building Area Total7481.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.3457
Lot Size Area15059.0
Lot Size SourceOwner
Lot Size UnitsSquareFeet
Open Parking Y/NNo
SpaNo
Total Parking21.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $4,075,000
MLS#SR24053988
List Date 03/18/2024
Property Type Commercial
Phone 714.964.3311
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