Los Angeles, CA 90042,7035 N Figueroa ST
Los Angeles, CA 90042,7035 N Figueroa ST
Los Angeles, CA 90042,7035 N Figueroa ST
Los Angeles, CA 90042,7035 N Figueroa ST
Los Angeles, CA 90042,7035 N Figueroa ST
Los Angeles, CA 90042,7035 N Figueroa ST
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$2,075,000

$2,295,000

9.6%
Est.Price: ?

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Est. payment /mo

3,657 SqFt


SOLD DATE : 07/23/2024

Key Details

Sold Price $2,075,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,657 sqft

Price per Sqft $567

MLS Listing ID 24394705

Sold Date 07/23/24

HOA Y/N No

Year Built 1923

Lot Size 5,405 Sqft

Property Description

Retail/Residential Mix in the heart of Highland Park at 7035 N Figueroa Ave, currently home to the renowned Discount Mirrors Studio. This unique property blends residential and commercial spaces, perfect for creative professionals, entrepreneurs, and investors. The main building features a professionally designed recording studio, a cozy bachelor studio with a kitchenette, and a prime storefront retail space, ideal for a gallery or boutique.Adding to its allure, the property includes a charming 650 sq ft detached bungalow at 6029 Tipton Way. This bungalow offers versatility as a guest house, rental unit, or private residence, nestled on a quiet street yet just steps from the main building.Located in a vibrant neighborhood, this property is surrounded by popular spots like The York, Kitchen Mouse, Highland Park Bowl, Avenue 50 Studio, The Judson Studios, and Materia. Enjoy trendy cafes, bars, and eateries such as Cafe de Leche, The Hermosillo, and ETA, making it a desirable location for both living and business.With potential rental incomes of $3,000-$3,200/month for an 800+ sq ft gallery space and $2,200-$2,500/month for the bungalow, this property presents a fantastic investment opportunity. The versatile spaces can be reconfigured to suit your needs, offering multiple income streams.Ample street parking is available for tenants, clients, and visitors. New roof on all structures including garage. Updated electrical. New split system heating/cooling in main structure. Don't miss this incredible chance to own a dynamic property in one of Los Angeles' most sought-after neighborhoods, where creativity and opportunity converge! Delivered vacant! DO NOT DISTURB OCCUPANTS.

Location

State CA

County Los Angeles

Area 632 - Highland Park

Zoning LARD1.5

Interior

Heating Heat Pump

Cooling Heat Pump

Flooring Wood

Fireplace No

Exterior

Garage Door-Single, Driveway, Garage

Garage Spaces 1.0

Garage Description 1.0

Total Parking Spaces 2

Building

Entry Level One

Sewer Other

Architectural Style See Remarks

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5480012014

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Courtney Poulos • ACME Real Estate
Bought with John Podhor • Compass
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