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4122 Figueroa St 2,797 SF 100% Leased Office Building Los Angeles, CA 90031 $1,000,000 ($357.53/SF)
Investment Highlights
- RECEIVERSHIP SALE SUBJECT TO COURT CONFIRMATION AND POTENTIAL OVERBID
- Flexible configuration allowing for owner-user occupancy, lease-up, or repositioning
- Development potential supported by C2 zoning with Tier 3 TOC incentives and MIIP eligibility
- Mixed-use retail/residential property totaling approximately 2,800 Sq Ft on a 7,002 SF C2-zoned lot
- High visibility along Figueroa Street with traffic counts exceeding 21,000 vehicles per day
- Strong surrounding demographics with dense population; over 266,000 people within 3 miles
Executive Summary
The CREM Group is pleased to present 4122 N Figueroa Street, a mixed-use property totaling approximately 2,800 square feet situated on a 7,002 square foot C2-zoned lot along a highly visible commercial corridor in the Highland Park neighborhood of Los Angeles. The property is improved with approximately 1,900 square feet of commercial space configured into two primary units of roughly 800 square feet each, along with two additional storage units, and a separate ~1,000 square foot 3-bedroom, 1-bath residential structure located at the rear of the lot. The site benefits from direct frontage on Figueroa Street with traffic counts exceeding 21,000 vehicles per day and strong surrounding population density of over 880,000 residents within a five-mile radius. The property is currently in receivership and presents a unique opportunity for a buyer to reposition the asset through lease-up, renovation, or redevelopment. SALE IS SUBJECT TO COURT CONFIRMATION AND POSSIBLE OVERBID. SELLER CANNOT MAKE ANY REPRESENATIONS AS TO THE CONDITION OR HISTORY OF THE SUBJECT PROPERTY.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,797 SF
Building Class
C
Year Built
1920
Price
$1,000,000
Price Per SF
$357.53
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,797 SF
Slab To Slab
10’
Building FAR
0.40
Lot Size
0.16 AC
Zoning
LAC2
Parking
3 Spaces (1.07 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5467-002-002 | Improvements Assessment | $33,311 |
| Land Assessment | $43,852 | Total Assessment | $77,163 |
Property Taxes
Parcel Number
5467-002-002
Land Assessment
$43,852
Improvements Assessment
$33,311
Total Assessment
$77,163
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4122 Figueroa St
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