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4201 N Figueroa St
Los Angeles, CA 90065
Retail Property For Sale
Investment Highlights
- The Neema Group of Marcus & Millichap is pleased to present a net lease retail investment opportunity in the Highland Park neighborhood
- The original term is ten years* with two five-year options; throughout the base term, there are annual rent increases – the greater of CPI or 2%
- Rare opportunity to acquire a NNN lease with long term development potential; the corner lot totals 12,051 SF zoned [Q]C2-1VL-HPOZ in a Tier 3 TOC
- 4201 N Figueroa St was recently renovated by the tenant and leased to Enterprise-Rent-A-Car, a NNN corporate lease that commenced on February 1, 2024
- Minimal landlord responsibilities, allowing an investor to passively collect cash flow; at the asking price, the CAP rate is 5.69%
Property Facts
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
1,052 SF
Building Class
C
Year Built
1930
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.28 AC
Zoning
LAC2 - Commercial
Parking
16 Spaces (15.21 Spaces per 1,000 SF Leased)
Frontage
107’ on N Figueroa St
Amenities
- Bus Line
Property Taxes
| Parcel Number | 5467-001-043 | Improvements Assessment | $0 |
| Land Assessment | $1,650,965 | Total Assessment | $1,650,965 |
Property Taxes
Parcel Number
5467-001-043
Land Assessment
$1,650,965
Improvements Assessment
$0
Total Assessment
$1,650,965
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