5308-5306 N Figueroa Street N

    Highland Park, CA 90042
    • $2,299,000
    • STATUS: Active Under Contract
    • ON SITE: 193 days
    • ID#: MB19008160
    Under Contract
    UPDATED: 78 min ago
    $2,299,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,279
      SQFT
    • $537
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1947
    County:

    School Ratings & Info

    Description

    JUST REDUCED!! Two C-2 Commercial Buildings rendering a total 4,279 sq ft., sitting on a large 7,630 sq. ft. lot. This stunning property is located in Highland Park, one of the hottest market areas of California with quickly increasing values and leasing rates. The property has Central A/C and Heat and 6 parking spaces. It features a huge grandfathered billboard, a large janitorial room, and an ADA ramp for added value. Both buildings have undergone a recent upkeep, including interior/exterior painting. Unique opportunity for owner user or for investors seeking to increase their investment portfolio. 5308 was originally a two story SFD with 2,321 sq. ft., now it's commercial use. It features a striking foyer.. It comes with three expansive open areas, a kitchen, 2 offices, a storage room, a utility room and 2 bathrooms. 5306 is a doctor+GGs office built in 1947 with 1958 sq. ft. It offers a large open area, client's waiting area, reception area, 6 exam rooms, an office, a shower and 2 bathrooms. It also features a Separate Front Retail Office. It's rated with a very walkable 90 score. The property sits among trendy boutiques, shops, galleries and many popular restaurants and coffee shops. The Highland Park Bowl and Highland Theater are within 3 blocks.The distance to Gold Metro Rail is approx. 5 min. Easy 110 FWY access to O/T Pasadena, DTLA Arts District, Eagle Rock Plaza, Glendale Americana, Glassell/Echo Park. Seller may carry with large EMD.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T22:35:50.487. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/93587923

    5308-5306 N Figueroa Street N Highland Park, CA 90042

    • Price: $2,299,000
    • Status: Active Under Contract
    • Updated: 78 min ago
    • ID#: MB19008160
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,279
    SQFT
    $537
    $/SQFT
    1947
    Built
    Neighborhood:
    632 - Highland Park
    County:
    Los Angeles
    Area:
    632 - Highland Park
    Property Description
    JUST REDUCED!! Two C-2 Commercial Buildings rendering a total 4,279 sq ft., sitting on a large 7,630 sq. ft. lot. This stunning property is located in Highland Park, one of the hottest market areas of California with quickly increasing values and leasing rates. The property has Central A/C and Heat and 6 parking spaces. It features a huge grandfathered billboard, a large janitorial room, and an ADA ramp for added value. Both buildings have undergone a recent upkeep, including interior/exterior painting. Unique opportunity for owner user or for investors seeking to increase their investment portfolio. 5308 was originally a two story SFD with 2,321 sq. ft., now it's commercial use. It features a striking foyer.. It comes with three expansive open areas, a kitchen, 2 offices, a storage room, a utility room and 2 bathrooms. 5306 is a doctor+GGs office built in 1947 with 1958 sq. ft. It offers a large open area, client's waiting area, reception area, 6 exam rooms, an office, a shower and 2 bathrooms. It also features a Separate Front Retail Office. It's rated with a very walkable 90 score. The property sits among trendy boutiques, shops, galleries and many popular restaurants and coffee shops. The Highland Park Bowl and Highland Theater are within 3 blocks.The distance to Gold Metro Rail is approx. 5 min. Easy 110 FWY access to O/T Pasadena, DTLA Arts District, Eagle Rock Plaza, Glendale Americana, Glassell/Echo Park. Seller may carry with large EMD.
    Exterior Features

    Construction Materials BlockWood Siding Entry Level 1 Fence YN Yes Fencing Wrought Iron Lot Features Level With StreetLot 6500-9999Rectangular LotNear Public TransitPavedWalkstreet Lot Size Dimensions 136X56 Lot Size Units Square Feet Parking Total 6.00 Roof CompositionConcrete

    Interior Features

    Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Laundry Features None

    Property Features

    Accounting Type Proforma Additional Parcels YN No Asset Class OfficeRetail Building Area Units Square Feet Building Status Existing Business Type AccountingAdministrative And SupportAdvertisingArts And EntertainmentCommercialHealth ServicesMedicalOffice SupplyProfessional ServiceProfessional/OfficeReal EstateRetail Cap Rate 8.00 Country Us Electric Electricity - On PropertyElectricity - Unknown Exclusions All Staging items Investment Property YN Yes Land Lease YN No Land Use OfficeOtherRetail Laundry YN No Leasable Area Units Square Feet Lease Considered YN No Living Area Source Public Records Lot Dimensions Source Public Records Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 176312.40 Operating Expense 185592.00 Property Sub Type Office Security Features Carbon Monoxide Detector(S)Fire Sprinkler SystemSecurity LightsSmoke Detector(S) Special Listing Conditions Standard Tax Annual Amount 7672.24 Tax Year 2019 Total Building NRA 4279 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance Rate 5.00 Water Source Public Year Built Source Public Records Zoning C-2-D2-Hpoz

    Listing provided courtesy of Elena Rodriguez of Century 21 Realty Masters


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T22:35:50.487. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
     
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