7035 N Figueroa Street
Los Angeles, CA, 90042 $ 2,295,000
Baths1.0 Sq 3,657 Monthly Estimate*
$ 15,253
Listed by ACME Real Estate
Studio
for $2,295,000 with 1 full bath. This 3,657 square foot home was built in 1923 on a lot size of 0.1241.
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.
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FeaturesGeneralSewer Other
Heating HeatPump
Cooling HeatPump
Zoning LARD1.5
Garage Spaces 1.0
Architectural Style Other
Exclusions All studio equipment/personal property is excluded from sale.
Year Built 1923
Stories 1
Levels One
Gross Income 18700.0
County Los Angeles
Net Operating Income 15000.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status ActiveUnderContract
Directions From 134 Figueroa exit head south toward York property is on the right side of the street.
City Los Angeles
Disclosures ListingBrokerAdvantage
View Y/N N
Senior Community Y/N N
Open Parking Spaces 1.0
NumberOfUnitsTotal 4
MLS Area 632 - Highland Park
Lot Size Units SquareFeet
Lot Size Square Feet 5405.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 10
Standard Status ActiveUnderContract
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InteriorFlooring Wood
Total Stories 0
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 0
Electric On Property Y/N N
Total Baths 0
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ExteriorParking Features DoorSingle Driveway Garage
Total Parking 2.0
Lot Size Area 5405.0
Number of Buildings 2
Spa N
Building Area Total 3657.0
Lot Size Acres 0.1241
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $15,253
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,994,668
Percent of Sale Price 13%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/21/2024 | $2,295,000 | | Listed Price |