6801 N Figueroa St - Convenience Store FOR SALE


Los Angeles, CA 90042
$2,050,000 USD
909-486-2069
6801 N Figueroa St, Los Angeles, CA for Sale
$2,050,000 USD
Convenience Store - FOR SALE
1/13
null | 6.68% Cap Rate

6801 N Figueroa St
Los Angeles, CA 90042


HIGHLIGHTS

  • Strategic corner location with frontage along North Figueroa St. just mins. north of York Blvd. and N. Figueroa St. intersection.
  • 5,811 SF of building area with 4 separate retail suites. (2 currently renter-occupied, 2 currently operated by the current ownership
  • Large lot size: 14,000+ SF lot zoned RD1.5-1HCR (low-density residential).
  • Value-Add Opportunity, or Possible Development

OVERVIEW

Growth Investment Group is proud to present 6801 N. Figueroa Street is a small corner retail property located a few minutes north of Highland Park’s central retail corridors, York Blvd. and Figueroa Street. Built in 1974, the property offers 5,811 SF of building area and sits upon a 14,000+ SF lot. In total, there are 4 retail suites, two of which are currently jointly occupied by family-owned businesses, La Petite Flower Shop/general store, and La Petite Beauty Salon/Barber. (Florist/Salon occupy approx. 3,900 combined SF) The other 2 suites currently house the current ownership’s (Non-Profit Organization’s) on-site chapel, and a Commercial Kitchen/Meeting Room used by the current ownership. This Commercial Kitchen/Meeting Room suite was fully renovated in 2020 with new flooring, kitchen appliances, etc. 6801 N. Figueroa St. has a non-gated corner parking lot with 8 parking spaces (7 surface spaces + 1 handicap surface space.) This parking lot is accessible from N. Figueroa St. and from La Prada St. The storefront/retail suite that currently operates as a chapel was not originally constructed or designated for religious purposes. Property is available individually or as a portfolio. Do not walk the property without the listing agent or disturb the commercial tenants business.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$353 USD /SF

CAP RATE

6.68%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Fig Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

LARD1.5

APN/PARCEL ID

5486-004-033

ASK ABOUT THIS PROPERTY

Justin McCardleGrowth Investment Group CaliforniaMore Info
909-486-2069

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Justin McCardleGrowth Investment Group CaliforniaMore Info
909-486-2069

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.