5622 Figueroa St Los Angeles, CA 90042
This exceptional retail property, located at 5622 N Figueroa St, Los Angeles, CA 90042, presents a unique investment opportunity in the vibrant Highland Park neighborhood. The property consists of a 3,000 square foot, Class B strip center, built in 1936, and comprises two single-story buildings with ample parking. Currently, 700 square feet of retail space is available for lease, with a minimum divisible space of 700 square feet. The property features three total suites. Its prime location on Figueroa Street, near Ave. 57, ensures high visibility and foot traffic. The property benefits from convenient access to public transportation, including the Metro Gold Line, and its proximity to major freeways and Downtown Los Angeles provides easy accessibility for customers and employees. This thriving area is surrounded by popular restaurants, bars, and boutiques, creating a dynamic and desirable commercial environment. The property's APN is 5468-032-016. The space is offered as-is, with a triple net (NNN) lease. The lease terms and base rent are available upon request. This is an ideal location for businesses seeking high visibility and a strong customer base in a rapidly growing Los Angeles neighborhood.
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L34 Group Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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