LS Urban Properties Acquires Mixed-Use Property In Highland Park For $5.77M

The mixed-use property located at 5526, 5532 N. Figueroa St in Highland Park, was recently sold. The sale took place on 06/12/2019 for a total price of $5,775,000. The property spans a total area of 9,101 square feet, resulting in a price per square foot of $634.55.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $5,775,000
• Square Footage: 9,101
• Price per Square Foot: $634.55
• Address: 5526, 5532 N. Figueroa St
• Market: Highland Park

The buyer of the property is LS Urban Properties, while the seller is Nela Development. The deal was facilitated by brokers Dana Brody, Nicole Mihalka, and Aram Pogosian from JLL. It is worth mentioning that these properties were sold together as a two-property portfolio. This follows the record-breaking sale of The Fig Collection Portfolio (5711, 5717 & 5900 N. Figueroa) in 2018, which was also brokered by Dana Brody of JLL.