7035 North Figueroa Street

Los Angeles, CA 90042

$2,295,000
Price
1
Beds
1
Bath
3,657 Sq. Ft.
$628 / Sq. Ft.
3,657
Sq. Ft.
$628
per Sq. Ft.

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...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.
  1. Listed by Courtney Poulos • DRE #01882678 • Brokerage DRE #01882678 • ACME Real Estate

Property Details for 7035 North Figueroa Street

Zoning
LARD1.5
Style
Other
Parcel Number
5480012014
Total Units
4.0
Living Area
3657
Source Living Area
Vendor Enhanced
Area
Highland Park (632)
Vacancy Rate
100%

Location

Listing Courtesy of ACME Real Estate, Courtney Poulos, DRE #01882678
Add your commute
LISTING UPDATED: 05/31/2024 11:08 AM

Property Details for 7035 North Figueroa Street

StatusActive Under Contract
MLS #24-394705
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.12 AC / 5,405 SF
CountyLos Angeles County

Location

Listing Courtesy of ACME Real Estate, Courtney Poulos, DRE #01882678
Add your commute

Building Information for 7035 North Figueroa Street

Stories-Residences-Year Built1923Building Size-Lot Size0.12 AC / 5,405 SF

Payment Calculator

$12,525 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,525

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7035 North Figueroa Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 4
  • Sewer: In Street
Contract Info
Contract Info
  • Disclosures: Listing Broker Advantage
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $18,700
  • Net Operating Income: $15,000.00
  • Gross Income: $18,700
  • Gross Rent Multiplier: $10.23
  • Total Annual Expense: 3700
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1241
  • Lot Size Square Feet: 5405
Parking Details
Parking Details
  • Parking Garage: Garage - 1 Car, Driveway
  • Total Parking: 2
  • Covered Parking: 1
  • Open Other Spaces Total: 1
  • Garage Spaces Total: 1
  • Parking Features: Garage - Single Door, Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling: Heat Pump
  • Cooling Type: Heat Pump(s)
  • Heating: Heat Pump
  • Heating Type: Heat Pump
  • Flooring: Vinyl Plank, Cement, Wood
  • Equipment: Other
  • Common Walls: Detached/No Common Walls
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Accessory Bldgs
Lease Terms
Lease Terms
  • Entry Date: 05-21-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $3,200.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $10,000.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $10,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $630,360.00
  • Assessed Improvement Percent: 38.87
  • Assessed Land Value: $991,440.00
  • Assessed Land Percent: 61.13
  • Assessed Total Value: $1,621,800.00

Property History for 7035 North Figueroa Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 7035 North Figueroa Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - 7 to 12
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
PUC International Preparatory Academy
CharterK to 8

Eagle Rock High School
Public7 to 12

Luther Burbank Middle School
Public6 to 8

Highland Park Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ACME Real Estate, Courtney Poulos, DRE #01882678

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.