$2,075,000
$2,295,000
9.6%For more information regarding the value of a property, please contact us for a free consultation.
7035 N Figueroa St Los Angeles, CA 90042
3,657 SqFt
Key Details
Sold Price $2,075,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,657 sqft
Price per Sqft $567
MLS Listing ID 24-394705
Sold Date 07/23/24
Style Other
Year Built 1923
Lot Size 5,405 Sqft
Acres 0.1241
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 Highland Park
Zoning LARD1.5
Rooms
Other Rooms Accessory Bldgs
Interior
Heating Heat Pump
Cooling Heat Pump(s)
Flooring Vinyl Plank, Cement, Wood
Equipment Other
Exterior
Garage Garage - 1 Car, Driveway
Garage Spaces 2.0
Building
Sewer In Street
Architectural Style Other
Level or Stories One
Others
Special Listing Condition Standard
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Bought with Compass
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