Mixed-Use Building with Live-Work
6726 N Figueroa Street, Los Angeles, CA 90042
For Sale
New
$1,998,000
Five leased units combine residential occupancy with commercial live/work space.
Property Size6,478 SF
Lot Size0.22 Acres
Price / SF$308.43
Days on Market3
Property Features for 6726 N Figueroa Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Road Access
Additional Details
Gross Income
Multifamily Units
Tenant in Place
Building Details
Building Size
Year Built
Stories
Listing Agency:
Beverly and Company, Inc.
Listed By:
Vicken Tasmajian · License CA #01950844
(626) 676-1614
Source:
Hopewayrealtygroup
Added: Nov 13
Changed: Nov 14
Last Checked: Nov 14 at 2:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beverly and Company, Inc.
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Investment Insights
Based on property information with market context.
At the corner of N. Figueroa Street and St. Albans Street in Highland Park, this two-story mixed-use property contains approximately 6,478 square feet of assessor-reported improvements. The building has five leased units: three residential and two commercial live/work spaces. A separate garage-style area is vacant and used for warehouse-type storage. The property was built in 1951 and comprises two adjoining parcels totaling approximately 9,595 square feet, zoned RD1.5-1.
A preliminary architectural study presents several potential residential configurations, including a 16-unit concept with 14 primary residences and two ADUs, as well as a conditional 17-unit arithmetic scenario with 15 primary residences and two ADUs. The study also considers six detached-style residences, six primary apartments plus two ADUs, and affordable-housing density bonus alternatives. These are conceptual scenarios, not approved plans or a confirmed maximum; any development would depend on affordability eligibility, site constraints, and City review.
A preliminary architectural study presents several potential residential configurations, including a 16-unit concept with 14 primary residences and two ADUs, as well as a conditional 17-unit arithmetic scenario with 15 primary residences and two ADUs. The study also considers six detached-style residences, six primary apartments plus two ADUs, and affordable-housing density bonus alternatives. These are conceptual scenarios, not approved plans or a confirmed maximum; any development would depend on affordability eligibility, site constraints, and City review.
Key Highlights
- Two adjoining parcels total approximately 9,595 sq. ft.
- Two‑story building with approximately 6,478 sq. ft. of assessor‑reported improvements
- Five leased units: three residential and two commercial live/work spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,763
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,075,260
$3.1M
Cap Rate 7%
$2,196,614
$2.2M
Cap Rate 9%
$1,708,478
$1.7M
Market Conditions
NOI Build-Up for 6,478 SF
Gross rent
$251.9K $38.88/SF
− Vacancy
−$46.8K −$7.23/SF
EGI
$205.0K $31.65/SF
− OpEx
−$51.3K −$7.91/SF
NOI
$153.8K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,075,260
Cap Rate 7%
$2,196,614
Cap Rate 9%
$1,708,478
Alternative Uses
Best Use
Office B
$2.20M
$1.92M – $2.56M
NOI $153,763 @ 7.0% cap · market cap 7.70%
Second Best
Mixed Use
$1.87M
$1.64M – $2.19M
NOI $131,180 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$2.70M
$2.37M – $3.16M
NOI $189,325 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
894
Businesses Nearby
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Business Placement
Demographics for 90042, CA
58,295
Population
22,630
Households
2.6
Avg Household Size
37
Median Age
40%
College-Educated
81%
High-School Grad
4.5 sq mi
ZIP Area
12,954
Density / Sq Mi
$94,401
Median Household Income
$49,804
Median Earnings
$1,853
Median Rent
$940,600
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Los Angeles, CA
Properties on Market for Mixed-use properties in Los Angeles
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five leased units combine residential occupancy with commercial live/work space.
Where is this mixed-use property located?
The property is located at 6726 N Figueroa Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: Two adjoining parcels total approximately 9,595 sq. ft.; Two‑story building with approximately 6,478 sq. ft. of assessor‑reported improvements; Five leased units: three residential and two commercial live/work spaces
