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6559 Figueroa Street
Los Angeles, CA 90042
Sold
6559 Figueroa Street
Los Angeles, CA 90042
Sold
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.
PROPERTY INFORMATION
| MLS # | 23285079 | Lot Size | 16,207 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,568,000
Price Per SqFt: $ 225 |
DOM | 677 Days |
| Address | 6559 Figueroa Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 11,396 Sq. Ft. |
| Postal Code | 90042 | Garage | N/A |
| County | Los Angeles | Year Built | 1960 |
| Bed / Bath | 22 / 0 | Parking | 16 |
| Built In | 1960 | Status | Closed |
| Sold Date | 2024-01-17 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Individual Room |
| Has Heating | No |
| Heating Information | None |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,739
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/27/2023 | Listed | $2,568,000 |
Topfind Realty
REALTOR®
(844)-333-8033
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Listing provided courtesy of Sevak Keshishian, Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
