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6701 N. FIGUEROA STREET 6732 N. FIGUEROA STREET 6726 N. FIGUEROA STREET & HIGHLAND PARK PORTFOLIO $3,650,000 Mix-Used Property with Development Potential

CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

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Page 1: CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

6701N. FIGUEROA STREET

6732N. FIGUEROA STREET

6726N. FIGUEROA STREET

&

HIG

HL

AN

D P

AR

KPO

RT

FOLI

O

$3,650,000

Mix-Used Property with Development Potential

Page 2: CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

06 The Offering

07 Rent Roll

08 Plat Map

09 Map

11 Property Photos

19 Area Demographics

TABLE OF CONTENTS

Los Angeles, CA

Page 3: CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

At Compass Commercial, our focus is to provide clients with comprehensive and superior, trustworthy services. This full spectrum of value-added services, from market research to ongoing advisory services, is offered to all commercial property types including multi-family, office, retail, industrial, land and development investments. Our services go much further than purchasing or selling an asset. Working with clients, we identify their real estate investment goals and work side by side to build a strategic real estate investment plan.

About Compass CommercialCommercial Investment Services

Downtown Los Angeles, CAElizabeth Clark | Kris Lowry

Page 4: CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

Elizabeth Clark | Kris Lowry

Com

pass

is a

lice

nsed

rea

l est

ate

bro

ker

and

abid

es b

y Eq

ual H

ousi

ng O

ppor

tuni

ty la

ws.

All

mate

rial p

rese

nted

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ein

is in

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ed for

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urpos

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nly.

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Highland Park Portfolio

COMPASS COMMERCIAL | LOS ANGELES 4

PROPERTY OVERVIEW

Highland Park Portfolio

COMPASS COMMERCIAL | LOS ANGELES

Page 5: CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

Elizabeth Clark | Kris Lowry

Com

pass

is a

lice

nsed

rea

l est

ate

bro

ker

and

abid

es b

y Eq

ual H

ousi

ng O

ppor

tuni

ty la

ws.

All

mate

rial p

rese

nted

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ein

is in

tend

ed for

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rmatio

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urpos

es o

nly.

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rmatio

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d f

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iable

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men

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state

bro

kera

ge.

Highland Park Portfolio

COMPASS COMMERCIAL | LOS ANGELES 5

THE OFFERING

COMBINED PORTFOLIO PROPERTIES AND DESCRIPTIONS

6701 N. FIGUEROA

7,159 square feet consisting of over 2,100 square feet of rentable warehouse in the front. The Warehouse is currently owner occupied. There are three incoming producing units on the half of the lot. Each unit has covered parking spaces available.

6726 N. FIGUEROA

Sits on 4,797 square feet with 6,478 square feet of rentable office/residential space. The office on the front half of the lot is currently owner occupied. There are three apartment units on the back that are currently rented.*

* Potential non-conforming units

6732 N. FIGUEROA

4,798 square feet of developmental land with 1,080 square feet of non-permitted warehouse on the back of the lot. This land is currently zoned LARD1.5, so potential owners would be able to develop a small lot subdivision of three homes by right.*

Price

Price/ Sq Ft

Price/ Sq Ft on land

Zoning

Lot Sq Ft

Building Sq Ft

$3,650,000

$310

$218

LARD1.5

16,754

11,775

Year Built 1924 / 1951

Units 9

Use Code Mixed Use / Vacant

Property Type Commercial

APNs

5486-008-0215483-016-0185483-016-018

HIGHLIGHTS

• First time on the market in over 50 years

• One of L.A,’s hottest markets

• Month-to-Month tenants

• Development opportunity for adjacent land

• Below Market rents

• Covered parkeing

Details at a Glance

Ownership Fee Simple

Building Size 5,297 Sq Ft

Lot Size 7,159 Sq Ft

Year Built 1924

Zoning LARD1.5

APN 5486-00-021

Details at a Glance

Ownership Fee Simple

Building Size 6,478 Sq Ft

Lot Size 4,797 Sq Ft

Year Built 1951

Zoning LARD1.5

APN 5483-016-017

Details at a Glance

Ownership Fee Simple

Building Size 1,080 Sq Ft

Lot Size 4,798 Sq Ft

Zoning LARD1.5

APN 5483-016-018

Page 6: CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

Elizabeth Clark | Kris Lowry

Com

pass

is a

lice

nsed

rea

l est

ate

bro

ker

and

abid

es b

y Eq

ual H

ousi

ng O

ppor

tuni

ty la

ws.

All

mate

rial p

rese

nted

her

ein

is in

tend

ed for

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urpos

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Highland Park Portfolio

COMPASS COMMERCIAL | LOS ANGELES 6

RENT ROLL

UNIT TYPE CURRENT RENT

6701 Figueroa Street Commercail Owner Occupied

6145 Springvale Avenue 2 Bedroom + 2 Bath $1,400

6147 Springvale Avenue 2 Bedroom + 2 Bath $1,800

6149 Springvale Avenue 2 Bedroom + 2 Bath $1,037

6726 Figueroa Street Downstairs Office Owner Occupied

6163 A ST Albans Street Commercial $325

6163 ST Albans Street 2 Bedroom + 2 Bath $812

6728 Figueroa Street 2 Bedroom + 1 Bath $850

6732 Figueroa Street Commercial + Vacant Owner Occupied

Total Monthly Rent $9,454

Total Annual Rent $113,448

Page 7: CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

Elizabeth Clark | Kris Lowry

Com

pass

is a

lice

nsed

rea

l est

ate

bro

ker

and

abid

es b

y Eq

ual H

ousi

ng O

ppor

tuni

ty la

ws.

All

mate

rial p

rese

nted

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ein

is in

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Highland Park Portfolio

COMPASS COMMERCIAL | LOS ANGELES 7

PLAT MAP

6726 & 6732 N. Figueroa Street6701 N. Figueroa Street

Page 8: CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

Elizabeth Clark | Kris Lowry

Com

pass

is a

lice

nsed

rea

l est

ate

bro

ker

and

abid

es b

y Eq

ual H

ousi

ng O

ppor

tuni

ty la

ws.

All

mate

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is in

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Highland Park Portfolio

COMPASS COMMERCIAL | LOS ANGELES 8

MAP

6701 N. Figueroa Street

6726 & 6732 N. Figueroa Street

Page 9: CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

Elizabeth Clark | Kris Lowry

Com

pass

is a

lice

nsed

rea

l est

ate

bro

ker

and

abid

es b

y Eq

ual H

ousi

ng O

ppor

tuni

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Highland Park Portfolio

COMPASS COMMERCIAL | LOS ANGELES 9

PROPERTY PHOTOS

Highland Park Portfolio

COMPASS COMMERCIAL | LOS ANGELES

Page 10: CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

Elizabeth Clark | Kris Lowry

Com

pass

is a

lice

nsed

rea

l est

ate

bro

ker

and

abid

es b

y Eq

ual H

ousi

ng O

ppor

tuni

ty la

ws.

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mate

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rese

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Highland Park Portfolio

COMPASS COMMERCIAL | LOS ANGELES 10

PROPERTY PHOTOS

6701 N. Figueroa Street

Page 11: CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

Elizabeth Clark | Kris Lowry

Com

pass

is a

lice

nsed

rea

l est

ate

bro

ker

and

abid

es b

y Eq

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ousi

ng O

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tuni

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ws.

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Highland Park Portfolio

COMPASS COMMERCIAL | LOS ANGELES 11

6701 N. Figueroa Street

PROPERTY PHOTOS

Page 12: CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

Elizabeth Clark | Kris Lowry

Com

pass

is a

lice

nsed

rea

l est

ate

bro

ker

and

abid

es b

y Eq

ual H

ousi

ng O

ppor

tuni

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ws.

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Highland Park Portfolio

COMPASS COMMERCIAL | LOS ANGELES 12

6701 N. Figueroa Street

PROPERTY PHOTOS

Page 13: CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

Elizabeth Clark | Kris Lowry

Com

pass

is a

lice

nsed

rea

l est

ate

bro

ker

and

abid

es b

y Eq

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ousi

ng O

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tuni

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of

real e

state

bro

kera

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Highland Park Portfolio

COMPASS COMMERCIAL | LOS ANGELES 13

6701 N. Figueroa Street

AERIAL PHOTOS

Page 14: CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

Elizabeth Clark | Kris Lowry

Com

pass

is a

lice

nsed

rea

l est

ate

bro

ker

and

abid

es b

y Eq

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Highland Park Portfolio

COMPASS COMMERCIAL | LOS ANGELES 14

PROPERTY PHOTOS

6726 & 6732 N. Figueroa Street

6732 N. FIGUEROA ST

6726 N. FIGUEROA ST

Page 15: CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

Elizabeth Clark | Kris Lowry

Com

pass

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Highland Park Portfolio

COMPASS COMMERCIAL | LOS ANGELES 15

6726 N. Figueroa Street

PROPERTY PHOTOS

Page 16: CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

Elizabeth Clark | Kris Lowry

Com

pass

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lice

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rea

l est

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bro

ker

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abid

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Highland Park Portfolio

COMPASS COMMERCIAL | LOS ANGELES 16

6726 & 6732 N. Figueroa Street

6726 N. FIGUEROA ST6732 N. FIGUEROA ST

AERIAL PHOTOS

Page 17: CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

Elizabeth Clark | Kris Lowry

Com

pass

is a

lice

nsed

rea

l est

ate

bro

ker

and

abid

es b

y Eq

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ousi

ng O

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tuni

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Highland Park Portfolio

COMPASS COMMERCIAL | LOS ANGELES 17

6726 N. FIGUEROA ST

6701 N. FIGUEROA ST

DOWNTOWN LOS ANGELES GLENDALE

6732 N. FIGUEROA ST

AERIAL PHOTOS

Page 18: CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

Elizabeth Clark | Kris Lowry

Com

pass

is a

lice

nsed

rea

l est

ate

bro

ker

and

abid

es b

y Eq

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ousi

ng O

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tuni

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t no

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Highland Park Portfolio

COMPASS COMMERCIAL | LOS ANGELES 18

DEMOGRAPHICS

KEY FACTS

INCOME

POPULATION

5 Miles Radius

AVERAGE HOUSEHOLD INCOME5 Miles Radius

TRAFFIC COUNTSN. FIGUEROA &ROY ST.

AVERAGE AGE

5 Miles Radius

TOTAL SPECIFIED CONCUMER SPENDING5 Miles Radius

677,277

$98,100

27,196

39

$6,469,728

* Source costar.com

Page 19: CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

CONFIDENTIALITY AND DISCLAIMER

The information contained in the offering is confidential, furnished solely for the purpose of review by a prospective purchaser of the subject property. The material is based in part upon information supplied and in part upon information obtained by Paragon Commercial Brokerage from sources it deems reasonably reliable. No warranty or representation, expressed or implied, is made by the owner, Paragon Commercial Brokerage, or any of their respective affiliates, as to the accuracy or completeness of the information contained herein or any other written or oral communication transmitted to a prospective purchaser in the course of its evaluation of the Property. No legal liability is assumed or to be applied in connection with the information or such other communications. Without limiting the generality of the foregoing, the information shall not be deemed a representation of the state of affairs of the subject property or constitute an indication that there has been no change in the business or affairs of the subject property since the date of preparation of the information. Prospective purchasers should make their own projections and conclusions without reliance upon the materials contained herein and conduct their own independent due diligence, including engineering and environmental inspections, to determine the condition of the Property and the existence of any potentially hazardous material located at the site.

The Offering Memorandum was prepared Paragon Commercial Brokerage. It contains select information pertaining to the subject property and does not purport to be all inclusive or to contain all of the information which a prospective purchaser may desire. All financial projections are provided for general reference purposes only and are based on assumptions relating to the general economy, competition and other factors beyond control and, therefore, are subject to material change or variation. An opportunity to inspect the subject property will be made available to qualified prospective purchasers.

In the Offering certain documents and other materials are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents.

The Offering is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by Paragon Commercial Brokerage or the owner. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the subject property described herein.

The owner and Paragon Commercial Brokerage expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offer to purchase the subject property and/or to terminate discussions with any party at any time with or without notice. The owner shall have no legal commitment or obligation to any interested party reviewing the Offering or making an offer to purchase the subject property unless a written agreement for the purchase of the subject property has been fully executed and delivered by the owner and such party and any conditions to the owner’s obligations there under have been satisfied or waived and then only to the extent expressly provided for therein. Paragon Commercial Brokerage is not authorized to make any representations or agreements on behalf of the owner.

Page 20: CoStar AH - 6701 · 2019-03-20 · PORTFOLIO $3,650,000 Mix-Used Property with Development Potential. 06 The Offering 07 Rent Roll 08 Plat Map ... ea stat ok bide qua H ortunit A

Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

For more information please contact our exclusive sales brokers:

Kris LowryCommercial Associate

424. 249. [email protected] 01985661

Elizabeth ClarkSenior Vice President

310. 740. [email protected] DRE 01811246