Property Listing No Longer Available for Sale

4181-4189 S. FIGUEROA ST., Los Angeles, CA

Multi-Use for Sale - $2,695,000 - 11,076 Sq. Ft. on 0.3 acres


Property Info

CIMLS#1032543
Location
  4181-4189 S. FIGUEROA ST.
  Los Angeles CA 90037
UpdatedNovember 26th, 2018
TypeMulti-Use
Price$2,695,000
Building11,076 Sq. Ft.
Land0.3 acres

Property Description

This Retail/Residential property is located at the signalized corner of S. Figueroa & 42 St. The property consists of A single-story retail building and a two-story residential building separated by a parking lot totaling 11,076 SF on 12,872 SF C2 zoned lot.

The subject property consists of four retail tenants totaling approx. 6,002 SF in size. The tenants consist of a Mini Food Mart Grocery Store, The Dollar House, El Sazon K-Tracho Restaurant (has multiple locations), and a Money Transfer Office. The Mini Food Mart is a combination of 2 units and could be subdivided. The Mini Food Mart, Dollar House, and the Money Transfer Office have a mezzanine space used for additional storage. The Restaurant has an ADA compliant bathroom and central air.

The 2-story residential building is located at the west portion of the lot on 42 St. It is comprised of 4 large - 2 bedrooms 1 bathroom units and totals approx 5,074 SF.

This offering will attract an investor looking for an income producing property on a major commercial thoroughfare just south of USC & the Coliseum.

The subject property is located at the Northwest signalized corner of S. Figueroa and 42nd St.

The site is approximately 1/2 a mile south of the University of Southern California Campus, newly constructed Banc of California Soccer Stadium & the Los Angeles Memorial Coliseum, which will be the temporary home of the Los Angeles Rams football team until their stadium in Inglewood is complete.

The property is also located approximately 1/2 a mile from the California Science Center, Natural History Museum, California African American Museum, and the future George Lucas Museum.

The offering is also less than 1/2 a mile from the 110 Freeway onramp and less than 1 mile from the Expo Park / USC metro station, which connects downtown Los Angeles to Santa Monica.

The demographics in the immediate area offer over 60,000 people residing within a 1-mile radius and just under 500,000 people residing within a 3-mile radius.


Financials