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Investment Highlights
- Prime Location
Executive Summary
Be part of the North Avenue 59's renaissance just off Figueroa. Located next door to Comet Over Delphi, Made by Pilates, and Planned Parenthood, this owner-user opportunity offers flexibility for a wide range of uses under C4 zoning. Currently leased to a non-profit, the property provides immediate income with future upside.
Just up the block from the Metro Gold Line, the location offers convenient access from across Los Angeles, along with 36 public parking spaces across the street. Figueroa has established itself as one of LA’s premier corridors for coffee, dining, retail, and nightlife, making this an ideal setting for a business looking to tap into Highland Park’s continued growth.
The property is a charming 1930s Spanish bungalow, built during the early days of Highland Park. With a bit of TLC, this 4bd + 2bth it can be transformed into a variety of uses with by right city approvals required. The oversized ~400 SF attached garage includes its own HVAC system and can be leased separately or seamlessly integrated into the main structure.
Tours are by appointment only. Please do not disturb tenants.
Just up the block from the Metro Gold Line, the location offers convenient access from across Los Angeles, along with 36 public parking spaces across the street. Figueroa has established itself as one of LA’s premier corridors for coffee, dining, retail, and nightlife, making this an ideal setting for a business looking to tap into Highland Park’s continued growth.
The property is a charming 1930s Spanish bungalow, built during the early days of Highland Park. With a bit of TLC, this 4bd + 2bth it can be transformed into a variety of uses with by right city approvals required. The oversized ~400 SF attached garage includes its own HVAC system and can be leased separately or seamlessly integrated into the main structure.
Tours are by appointment only. Please do not disturb tenants.
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
1,577 SF
Building Class
C
Year Built/Renovated
1933/2019
Price
$1,450,000
Price Per SF
$919.47
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,577 SF
Building FAR
0.36
Lot Size
0.10 AC
Zoning
LAC4 - Commercial
Parking
4 Spaces (2.54 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Courtyard
- Fenced Lot
- Metro/Subway
- Kitchen
- Storage Space
- Bicycle Storage
- Natural Light
- Secure Storage
- Shower Facilities
- Wi-Fi
- Air Conditioning
- Balcony
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Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5492-013-027 | Improvements Assessment | $187,035 |
| Land Assessment | $493,639 | Total Assessment | $680,674 |
Property Taxes
Parcel Number
5492-013-027
Land Assessment
$493,639
Improvements Assessment
$187,035
Total Assessment
$680,674
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121 N Avenue 59
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