6559 N Figueroa Street, Los Angeles, CA 90042
Property
Sold January 2024
Listing Agent: Sevak Keshishian (DRE #01887505) · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Sevak Keshishian · Marcus & Millichap · MLS #23285079 · Source: CRMLS
About this property
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.
Listing description from the January 2024 sale, as reported to CRMLS.
Sale history