6817 N Figueroa St, Los Angeles, CA 90042
UNDER CONTRACT0.49 ACRES
Listed by Evan Monroe, Growth Investment Group Pasade, (626) 594-4900

6817 N Figueroa St
Los Angeles, CA 90042

Highland Park
  • 38 Beds
  • 22 Baths
  • 16,388 sqft (on 0.49 acres)
  • 38 Beds
  • 22 Baths
  • 16,388 sqft (on 0.49 acres)

$5,030,000

Est. Mortgage $32,061/mo*
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Local Information

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Description

6817-6819 North Figueroa Street is a 21-unit apartment community conveniently located north of the intersection at York Boulevard and Figueroa Street in Highland Park. Built between 1954 and 1955, the property includes an excellent apartment mix of 14 2-bedroom units along with 6 1-bedroom units and a converted/permitted (combined) 4-bedroom unit. The 2-story garden-style apt. building consists of 16,388 SF of bldg. area sitting upon over 21,000 SF of lot area zoned RD1.5-1. The property has not been renovated to top-of-market standards for 2024-2025, presenting a new owner/investor with a unique value-add opportunity to maximize income and value through a robust rehab/renovation strategy. Built between 1954 and 1955, 6817-6819 N. Figueroa Street is fully subject to LA’s Citywide RSO. It is separately metered for Gas/Electricity. The section of the property facing Figueroa Street between the two “arms” of the U-Shaped structure currently houses A) a 1-car garage used for storage, B) a machine storage room, and C) an exercise room. All three of these spaces may be converted for additional garage parking, ADU’s, or additional common space. (Buyer to Verify) 6817-6819 N. Figueroa St.'s current ownership is a Non-Profit Organization, and has established artificially low rental rates over the years. The property has enormous rental upside with a proforma cap rate of 6.46% and a proforma GRM of 10.67 post-rehab/renovation. 6817-6819 North Figueroa Street can operate as a traditional apartment complex (w/ regular rental unit registration, SCEP inspections, etc.) The apartments feature a unique notification alarm/light system which helps to ensure security. Overall, 6817-6819 North Figueroa Street represents a very rare opportunity to own a mid-sized apt. asset with a strong unit mix, tremendous upside potential, and a strategic central location in a popular rental market. Only approx. 6-8% of the apt. properties in 90042 are 16+ units in total. Residents of 6817-6819 N. Figueroa St. also enjoy easy access to transit, with the Metro Gold Line station and 110 Fwy nearby. 6817-6819 N. Figueroa St. may be purchased individually or together with 2 adjacent parcels: 6079 La Prada St. (13-Unit Apt. 1985 Constr.) and 6801 N. Figueroa St. (4-Suite Corner Retail 1974 Constr.) Altogether, the portfolio covers just over 1 Acre of contiguous residential land in Highland Park.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
$307
Listed
62 days ago

Home Details for 6817 N Figueroa St

Interior Features

Beds & Baths
Number of Bedrooms: 38Number of Bathrooms: 22
Appliances & Utilities
Laundry: Common Area
Windows, Doors, Floors & Walls
Common Walls: 1 Common Wall
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Entry Location: N. Figueroa St.

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
Number of Garage Spaces: 1Number of Carport Spaces: 3Number of Covered Spaces: 4Open Parking Spaces: 15Has a CarportHas a GarageParking Spaces: 19Parking: Carport,Controlled Entrance,Garage,Gated
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Days on Market: 62

Property Information

Year Built
Year Built: 1954
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Not a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Parcel Number: 5486004027

Price & Status

Price
List Price: $5,030,000Price Per Sqft: $307

Active Status

MLS Status: Active Under Contract

Location

Direction & Address
City: Los Angeles

Agent Information

Listing Agent
Listing ID: AR24039591

Building

Building Area
Building Area: 16388 Square Feet

Community

Community Features: Foothills, UrbanNot Senior Community

HOA

Association for this Listing: California Regional MLSNo HOAHOA Fee: No HOA Fee

Lot Information

Lot Area: 0.49 acres

Listing Info

Special Conditions: Standard

Compensation

Buyer Agency Commission: 2Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Business

Expense
Tenant Pays: Electricity, Gas

Rental

Has Rent Control

Miscellaneous

Mls Number: AR24039591Zillow Contingency Status: Under ContractAttribution Contact: 626-340-3826

Additional Information

FoothillsUrban
Last check for updates: about 12 hours ago
Listing Provided by: Evan Monroe DRE #02135116, (626) 340-3826
Growth Investment Group Pasade
Justin McCardle DRE #01895720, (909) 486-2069
Growth Investment Group Pasade
Originating MLS: California Regional MLS
Source: CRMLS, MLS#AR24039591

Price History for 6817 N Figueroa St

DatePriceEventSource
04/16/2024$5,030,000ContingentCRMLS #AR24039591
02/27/2024$5,030,000Listed For SaleCRMLS #AR24039591

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Neighborhood Overview

Highland Park
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Highland Park

  • Hannah Gutierrez
    "Residents are very supportive of schools in the neighborhoods when it comes to fundraising, food insecurity, parades, etc"
    0
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  • Lisa Husmann
    "Super chill neighborhood. Safe and quiet. Parks, groceries and resteraunts are all within walking distance. "
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  • Alicia Valtierra
    "Highland park is a mix of retro and modern. Lots of cute fun bars and restaurants. Some tailored to OG locals and some tailored to new hipsters. Overall a great feel. Lots of good food. Mostly quiet even with the bars. "
    2
    Flag
  • Trulia User
    "There are 2 dog parks and dog friendly shops. Popping fireworks during holidays are popular here. May scare the dogs but very beautiful views. "
    0
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  • Trulia User
    "Pleasant family and pup friendly neighborhood, good eats and easy access, short drives to neighboring towns in LA/SGV area. "
    0
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  • Trulia User
    "I like it here. My dog likes it here. My friends like it here. My visiting family liked it here. There are some delicious places to eat."
    0
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  • Trulia User
    "Very safe neighborhood. Close and convenient to many locations. Would recommend for anyone. Many families in neighborhood."
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  • Trulia User
    "Illegal fireworks set off by residents for May, June and July make the gunshots less noticeable. Great farmers market every Tuesday afternoon. "
    0
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  • Trulia User
    "Love it, everyone has a dog and most are friendly. People understand occasional barking or crying. It’s lovely. "
    0
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  • Larinmarcy
    "I lot of bars and restaurants in the area. Everything close together. Nice big park and dog parks near by. Rent is not too expensive. A lot of trees around the area. Feels very comfortable. You can walk to bars and restaurants too. "
    3
    Flag
  • Laura H.
    "Highland park art walk is cool and there is always a lot going on at parks for families. Also the farmers market on Tuesdays"
    2
    Flag
  • Guadalupe G.
    "Walkable neighborhood. Many restaurants and markets within short distance. Fun neighborhood very family friendly; many things to do here."
    1
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  • Pascale B.
    "The school system needs to improve a bit ...mixing the different background, socioeconomic is important. It will change in few years . "
    2
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  • Emily A.
    "It has less congestion than the west side during the day especially rush hour. Therefore I tend to stay in this neighborhood and continue to make it feel more like home. "
    1
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  • Emily A.
    "There are pockets of unsafe areas that are somewhat easy to spot. Other than those areas you’ll be safe. "
    1
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  • Alejandra V. B.
    "The anual parades, Christmas and car shows, the farmers markets. Annual music events. Need to have a 4th of July fireworks show"
    0
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  • Crystal F.
    "There are sidewalks. However, many dog owners leave their dogs in their front fenced yards which leaves them overly aggressive & can be quite uncomfortable when walking your dogs, especially if you have small dogs and a huge aggressive pit bull tries to jump through their fence. I see why the neighborhood has received the nickname “Highland Bark.” While this treatment of dogs is inhumane, it also lends to an uncomfortable stroll with your furry friends. In addition, apparently “illegal” doesn’t seem to apply to fireworks in this neighborhood. They’re pretty much a year round event here and several months leading into July you’ll hear nightly fireworks which traumatize most dogs. Just being real. This isn’t an ideal dog neighborhood unless you don’t care about your dog. "
    6
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  • Benny16mm
    "I’ve lived here for 6yrs, and out of all the 3 other areas in LA I’ve lived. This place feels the most like a community."
    4
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  • Tracy P.
    "Several young families in the neighborhood, ranging in socioeconomic backgrounds. Kids are often heard and seen playing in their yards. Sometimes there is sidewalk chalk art."
    1
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  • Katherine F.
    "Easy enough. Small, old streets and lots of pedestrians so it’s important to drive slow. It’s mostly residential and very hilly so everything takes a bit of time. "
    1
    Flag
  • Erica R.
    "People don’t pick up after their dogs and it’s upsetting as it’s such a great neighborhood. Some people have their dogs sleep outside which you can hear barking. "
    2
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  • Katherine K.
    "The local artists’ events are what really make it special...from No WiFi at the Hi Hat or mariachi music at the first Friday art fair. It’s especially fun when the Bob Baker puppeteers bring their marionettes across the street to the park for the kids to enjoy."
    2
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  • Cindy W.
    "It is pretty easy to get around because of easy access to several freeways. Getting to surrounding areas is easy too, traffic is never too heavy."
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  • Sandy M.
    "We love our city of Highland Park, location is best to everything. If you need Downtown 10 minutes, next to Pasadena, Glendale. You want Beaches 30 minute drive. Thinking mountains for skiing, 1 hour away. This is the best location close to everything!"
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  • Tracy P.
    "I work in Pasadena and live in the Garvanza area of HP. I primarily drive, but have walked to the Gold Line stop (about 1 mile from where I live) to work and biked. My husband sometimes works downtown. His commute is 40 min during rush hour, 20-25 outside of rush hour."
    1
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  • Chelseafloreshlp
    "Traffic isn’t great if you are taking surface streets but easy access to multiple major freeways such as the 110 , 2 , and 134"
    1
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  • Trulia User
    "North Highland Park is a calm place to live, especially now that York Blvd. has food trucks and the other establishments participating in the weekend food sales outside on the sidewalks!!"
    0
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  • Lori409
    "Weekend outings on York, lots to eat and enjoy the walk!! Summer time is more exciting and everything open late!"
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  • Meghan
    "It’s a great place to walk your dog ~ there is level ground and easily walk to shops and take your dog on a stroll!"
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  • Collin C.
    "A charming neighborhood feel with a diversity of people, restaurants, bars, music venues, and shops. Highly walkable. You could potential do all your errands on foot. A private residential feel with amazing commercial options. A low key vibrant vibe. "
    1
    Flag
  • Collin C.
    "Lots of dog owners in the neighborhood. Some are more walked than others. There are old school guard dogs as well. "
    1
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  • Nhen44
    "There are plenty of dog parks and local events for dogs. Many people walk their dogs and pick up after their pets. "
    0
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  • Nhen44
    "There are parks, recreation centers, and libraries within walking distance. There is a skate park as well. "
    0
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  • Lin J.
    "There’s a lot of dog owners in the area, very walkable. But not everybody picks up after their dog. "
    0
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  • Karenv76
    "Becoming more family friendly. I see more parks and playgrounds in the area. Not sure about the local schools. "
    1
    Flag
  • Mz4metoo
    "Folks are friendly parking isn’t great we have street cleaning so it’s hard to find parking . Your centrally located . Stores are close by and there’s buses . Houses are too high it’s very expensive. "
    3
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  • Armando Rodriguez
    "high crime tons of homeless parking is ridiculous to near impossible frequent gun fire close to stores restaurants busses metrorail freeway"
    23
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  • Andrew L. P.
    "The people! The goodness and kind neighbors make this community! For, all any community ever really is is the people ... And here I am glad I see, know and meet awesome people everyday and it's welcoming!"
    10
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  • murph3640
    "Lived here for 5 years. Great neighborhood. Close to everything in LA. Walkable to grocery stores, shops and nightlife. Diverse population. Great bars and restaurants. Good parks nearby. Love it. "
    4
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  • murph3640
    "Lived here for 5 years and love the diversity and convenience of this neighborhood. It’s a major hub in this the city with high end restaurants, the best taco trucks, shops and great neighbors. "
    4
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LGBTQ Local Legal Protections

Evan Monroe, Growth Investment Group Pasade
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
6817 N Figueroa St, Los Angeles, CA 90042 is a 38 bedroom, 22 bathroom, 16,388 sqft multi-family built in 1954. 6817 N Figueroa St is located in Highland Park, Los Angeles. This property is currently available for sale and was listed by CRMLS on Feb 27, 2024. The MLS # for this home is MLS# AR24039591.