5314 N Figueroa Street,  Los Angeles CA, 90042 (Residential Income)

3,422 sqft
Status: Sold
MLS#: 15919555
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Last Updated: 12/9/2016 9:31 AM
Description for 5314 N Figueroa Street Los Angeles, CA 90042
The opportunities abound for this mixed use property! Built in 1905, this 3,422 SF property consists of (1) 4 Bed + 1 Bath Apt, (1) 2 Bed + 1 Bath Apt, (2) Ground Floor Retail Units, and a bonus commercial studio. The two ground floor retail units are on a month to month lease giving a buyer immediate rental upside potential! The 4 Bed + 1 Bath unit has a balcony w/view, attic, and is in remodeled condition with granite countertops, tile floors & cherry cabinets. Property features include new exterior paint, new asphalt in parking lot, new low maintenance and eco-friendly landscaping, private yard & patio for 2br bungalow, and excellent signage opportunity. THIS PROPERTY IS EXTREMELY CLOSE TO THE NEW UP-AND-COMING SHOPS, RESTAURANTS, BARS AND MORE ALONG FIGUEROA. Highland Park is on the rise! Many new retailers slated to open within the next 2-7 blocks of this property will probably even further improve the income potential and thus investment value of this property.
Price
Sold Price:
$725,000
Sold Date:09/14/2015
Los Angeles
3,422 (approx)
15919555
Closed
Description
The opportunities abound for this mixed use property! Built in 1905, this 3,422 SF property consists of (1) 4 Bed + 1 Bath Apt, (1) 2 Bed + 1 Bath Apt, (2) Ground Floor Retail Units, and a bonus commercial studio. The two ground floor retail units are on a month to month lease giving a buyer immediate rental upside potential! The 4 Bed + 1 Bath unit has a balcony w/view, attic, and is in remodeled condition with granite countertops, tile floors & cherry cabinets. Property features include new exterior paint, new asphalt in parking lot, new low maintenance and eco-friendly landscaping, private yard & patio for 2br bungalow, and excellent signage opportunity. THIS PROPERTY IS EXTREMELY CLOSE TO THE NEW UP-AND-COMING SHOPS, RESTAURANTS, BARS AND MORE ALONG FIGUEROA. Highland Park is on the rise! Many new retailers slated to open within the next 2-7 blocks of this property will probably even further improve the income potential and thus investment value of this property.
Listing Information
Property Type: Cluster, Other
0.18 Acres 7,630 sq.ft. 3,422 (approx)
1905
4 Total
Neighborhood
Room Information
Interior Features
Window/Wall Unit
Exterior / Lot Features
5 Parking Spaces
LAC2
Driving Directions
From 110, exit Avenue 52. Turn Left onto Avenue 52. Turn Right onto N Figueroa St. Destination on the Right.
Financial Considerations
5468015003
,$16,696
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90042 has a population of 3,804,503.

The median household income in Los Angeles, California 90042 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90042 is 34.1 years.

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Courtesy: Keller Williams Studio City Dana Coronado
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