4201 N Figueroa St | Los Angeles, CA 90065
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4201 N Figueroa St
Los Angeles, CA 90065
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The Neema Group of Marcus & Millichap is pleased to present a net lease retail investment opportunity in the Highland Park neighborhood
- The original term is ten years* with two five-year options; throughout the base term, there are annual rent increases – the greater of CPI or 2%
- Rare opportunity to acquire a NNN lease with long term development potential; the corner lot totals 12,051 SF zoned [Q]C2-1VL-HPOZ in a Tier 3 TOC
- 4201 N Figueroa St was recently renovated by the tenant and leased to Enterprise-Rent-A-Car, a NNN corporate lease that commenced on February 1, 2024
- Minimal landlord responsibilities, allowing an investor to passively collect cash flow; at the asking price, the CAP rate is 5.69%
PROPERTY FACTS
Property Type
Retail
Property Subtype
Car Dealership
Property Size
1,052 sq ft
Costar Property Class
C
Year Built
1930
Tenancy
Single
Number of Floors
1
Plot ratio
0.09
Total Plot Size
0.28 ac
Use Class
LAC2 - Commercial
Parking
16 Spaces (15.21 Spaces per 1,000 sq ft Leased)
Frontage
107 ft on N Figueroa St
AMENITIES
- Bus Route
PROPERTY TAXES
| Parcel Number | 5467-001-043 | Improvements Assessment | £0 |
| Land Assessment | £1,229,655 | Total Assessment | £1,229,655 |
PROPERTY TAXES
Parcel Number
5467-001-043
Land Assessment
£1,229,655
Improvements Assessment
£0
Total Assessment
£1,229,655
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